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Tag Archives: bakken formation

WPX to add Bakken rigs, complete wells

Earlier this week the rig count in the Bakken dipped to the lowest levels since December 2009. WPX Energy, though, might soon be leading the trend of gambling on rising prices by adding drilling rigs to its Williston Basin acreage this year. The company plans to increase its activity during the second half of this year by resuming well completions ...

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Excerpts from recent North Dakota editorials

N.D. tops nation in economic growth The Bismarck Tribune, Bismarck, June 18, 2015 Despite an accelerated drop in the price of crude as 2014 came to a close, North Dakota still emerged as the fastest growing economy in the United States last year. Not surprising, the energy sector was behind much of the state’s growth in 2014 compared to the ...

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4-state pipeline project gets OK for large crude terminal

WATFORD CITY, N.D. — A company proposing a $3.8 billion oil pipeline from western North Dakota to Illinois has received permission for a large crude terminal near Watford City, along with heavy criticism for what some landowners say is arrogance. The McKenzie County Commission on Tuesday approved zoning for the terminal, one of six planned in the North Dakota oil ...

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Permian plan B: Survive to Thrive

With the first well drilled in 1925, the Permian Basin began its love-hate relationship with the oil and gas industry. It has since become what we are known for. It’s our livelihood. It’s who we are. It is the proverbial roller coaster we live to ride. Over the last 5 years, the United States has experienced a revolution in hydraulic ...

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Pipeline protest draws marchers to St. Paul

Thousands of protesters marched through downtown St. Paul to the State Capitol on Saturday, calling for the cancellation of the proposed Sandpiper oil pipeline that would travel near some of the state’s pristine waters. Though an independent tally was unavailable for the Tar Sands Resistance Rally, organizers estimated that 5,000 anti-pipeline and climate change activists took part in the colorful ...

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Oil drilling in Montana taps out

Oil drilling in Montana has all but tapped out, according to state records showing that the state has been without a major drilling rig since April. Observers said the inactivity is due to low oil prices, which have also slowed drilling activity in North Dakota’s much more active Bakken formation, though crews are still drilling there. Montana drilling has been ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of May 30th through June 5th. Enjoy! 5. The U.S. oil fracker’s dilemma: crouch or pounce? HOUSTON – U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, ...

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Bakken & Eagle Ford production up overall, flat in April

Oil production from major shale plays in North Dakota and Texas were flat in April compared to March, according to Bentek Energy, an analytics and forecasting branch of Platts, a leading provider of energy, petrochemicals, metals and agriculture information. As reported by PennEnergy, production in North Dakota’s Bakken shale only increased about 2,000 barrels per day (b/d) in the month ...

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Canadian shale field could rival the Bakken

The Canadian oil industry is associated mostly with the bitumen recovered from reserves such as the Alberta tar sands, but recent data from the National Energy Board (NEB) and the Northwest Territories Geological Survey has revealed a shale oil reserve that could rival the Bakken formation. Money Morning reports that the massive, untapped oil reserve could hold upwards of 200 ...

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