Home / Tag Archives: bakken (page 3)

Tag Archives: bakken

Texas investment firm partners with Bakken operators

A Fort Worth energy investment firm partnered with a team of Bakken operators and developers to purchase a package of assets in the Williston Basin. Vortus Investments, along with the team from Denver’s North Plains Energy, have formed NP Resources LLC. After acquiring the Williston Basin assets, NP Resources will now have roughly 90,000 net acres spread throughout three North ...

Read More »

Distressed Eagle Ford, Bakken asset sales seen soon – Anadarko CEO

HOUSTON – Financial distress is soon expected to trigger long-awaited sales of oil and gas properties in North Dakota’s Bakken and Texas’ Eagle Ford basin, the chief executive of Anadarko Petroleum Corp said on Tuesday. A prolonged downturn in crude oil prices has generated lots of chatter that companies laboring under heavy debt that operate shale fields with high break-even ...

Read More »

Top 5 stories of the week

Here are the top five stories from Bakken.com for the week of September 27th through October 3rd. Enjoy! 5. Pickens: When we produce, we let it rip The price of oil won’t be down for long, at least according to one wealthy expert. As soon as December of this year, oil is predicted to be back to $70 per barrel, said T. ...

Read More »

Uncertain outlook as North Dakota tops 10,000 shale oil wells

North Dakota surpassed a milestone in June — its 10,000th shale oil well — amid a still-gloomy outlook for its petroleum industry. The industry, facing continued low crude oil prices, is finishing off previously drilled wells to get oil and some revenue flowing and to meet regulated completion timetables, state officials said Friday. But the number of rigs drilling new ...

Read More »

Whiting reports increased production, Bakken success

For the second quarter of 2015 Whiting Petroleum reported a two percent production increase over the previous quarter, according to The Bakken Magazine. The increase was despite the company’s first quarter sale of non-core acreage, which equaled 8,300 barrels of oil equivalent per day (boed). Currently, the company is producing an average of 170,245 boed. Compared to last year, the ...

Read More »

USGS says the Utica uses A LOT of water

New research says Ohio’s Utica Shale in the eastern part of the state is one of the top water consuming areas in the nation. According to the U.S. Geological Survey (USGS), its new study provides the first comprehensive nationwide data on water used during fracking. As reported by the Columbus Business First, “The general consensus: Fracking ‘uses large amounts of ...

Read More »

CEO steps up to the plate and claims the Permian Basin is still in early innings

Pioneer Natural Resources CEO Scott Sheffield claims that the Permian Basin is only in the “second or third inning” of its career. The Permian has two important horizons, the eastern side and the western side.  On each side, the Spraberry and Wolfcamp formations exist.  According to Sheffield, the eastern side of the basin has an estimate 75 billion barrels of ...

Read More »