Colorado-based energy company Whiting Petroleum Corp. announced it’s selling it a portion of its North Dakota assets, reported the Denver Business Journal today. The deal between Whiting and RimRock Oil & Gas Williston LLC is said to be worth around $500 million. The sale includes Whiting’s Forth Berthold Researvation area assets located in Dunn and McLean Counties. Whiting executives said ...

The Baker Hughes North America Rotary Rig Count dropped by 5 last week, with the largest overall dips in Texas. The Permian Basin lost 2 of its rigs, while the Eagle Ford lost 3. In total, Texas lost 7 rigs, while Louisiana lost 1. Interestingly, all the rigs lost were exploring for gas. The oil rig count actually increased by 3. ...

North Dakota knows all too well the ups and downs of the oil boom…and bust. As oil soared over to over $145 in 2008, apartment buildings were built, businesses popped up, and the entire state seemed to benefit from the oil boom in the Bakken. The state saw the industry as an economic stimulus, a boon that North Dakota hadn’t seen before. ...

Wondering what to do with your next couple of days off? For $110, you can party like oil is still over $100 with 25 foot slides, water trampolines, and  an open bar on an oil tanker. Yup, you heard me right. D-Boat Antigua is a 43-year-old decommissioned oil tanker turned party boat, permanently moored just off Maiden Island in Antigua, according ...

The Baker Hughes weekly rotary rig count showed an increase of 12 total rigs July 7 for a total of 952 rigs drilling for oil and gas in the United States. Of the 952, 763 rigs are drilling for oil, up 7 from last week, while 189 are drilling for gas, an increase of 5. By state, Alaska and Oklahoma ...

For the second week in a row, the Baker Hughes North American rotary rig count increase was led by areas outside of Texas. North Dakota’s Bakken oilfields saw an increase of three new rigs this week, while Oklahoma added five new rigs exploring for oil and gas, presumably in the Granite Wash and Cana Woodford basins. The Eagle Ford in ...

The Baker Hughes weekly rig count total showed a small increase of six total rigs exploring for oil and gas Friday, led by an increase of three rigs in the Williston basin. Surprising areas of increase this week led to a net increase while many areas that have seen recent activity showed either losses or no increase at all. While ...

Breaking another record, the Baker Hughes Rotary Rig Count showed an other increase of 11 new rigs exploring for oil and gas this week. Despite some concern about overproduction, the rig count continues its upward climb, with a total of 927 rigs in the U.S. The total North American count is now 1059. Canada also increased its count by 33. ...

With almost 500 more rigs than last year at this time, the Baker Hughes U.S. rotary rig count broke 900 Friday with another sizable jump of 16 new rigs exploring for oil and gas. The U.S. rig count now sits at 901. Of those rigs, 720 are exploring for oil, up 8 from last week, and 180 are exploring for ...

According to the May 12 Baker Hughes rig count, drillers added 8 rigs for a total of 885 total rigs exploring for oil and gas. It’s the 17th straight week of increases. The count is up 479 from last year at this time. Oil rigs increased by nine, while the total rigs exploring for gas dropped by one. It’s no surprise ...