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Tag Archives: continental resources

Bakken oil prices: Major players to take the win

The price differential between oil produced in the Bakken region and the oil stored in Cushing, Oklahoma, and on the Gulf Coast is beginning to positively impact shale producers such as Hess Corp., Whiting Petroleum, and Continental Resources, according to The Street. Oil prices in the United States are generally based on the benchmark quotes of the West Texas Intermediate ...

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Cowboyistan: Harold Hamm’s hope of crude oil exports

“Cowboyistan” could produce more than enough petroleum to justify the exporting of light, sweet crude, according to Continental Resources CEO and oil mogul Harold Hamm. Earlier this week, the U.S. Energy Information Administration’s 2015 Energy Conference was held in Washington, D.C. Hamm was one of the numerous speakers and promoters there to voice the reasoning behind exporting American-produced petroleum, according ...

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Continental reports increased Bakken production

Continental Resources Inc. has announced that its production in the Bakken region has increased by four percent with 66 net completed operated and non-operated wells in the Middle Bakken and Three Forks formations during the first quarter of 2015. During this time, the company operated an average of 13 rigs in the region, down from the 19 operating at the ...

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Place your bets: Making long-term investments in the Bakken

The decline in oil prices and dropping rig count have caused hushed whispers and speculations of an impending ‘bust,’ but despite these factors, major players are continuing to put their chips on the table, betting with confidence on the future of the Bakken. The Williston Herald reports that many companies are now looking to long-term investments. Among the deals that ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of March 21 through March 27. Enjoy! 5. You can go home: Returnees to ND oil boom town here to stay WATFORD CITY, N.D. — Before oil tanker trucks rumbled down the roads at all hours, this town was so quiet that Erin White rode her horse to a deserted ...

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As oil prices slide, North Dakota sees manufacturing in its future

WILLISTON, N.D. – Business and community leaders in North Dakota’s western oil patch have launched an aggressive campaign to convince more manufacturers to set up shop locally, part of a push to expand the area’s economy beyond crude production and slash costs. The effort, which was launched on Wednesday at a conference in Williston, capital of the state’s oil industry, ...

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