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Tag Archives: halcon resources

Top 5 Bakken stories of the week

bakken

Here are the top five stories from Bakken.com for the week of April 25 through May 1. Enjoy! 5. Halcon decreases Bakken well costs, increases production For Halcon Resources Corp, costs in the Bakken have decreased while production increased during the first quarter of 2015 when compared to the previous quarter, The Bakken Magazine reports. After releasing its preliminary results for ...

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Oil shale development continues declining

NATCHEZ — Development in the Tuscaloosa Marine Shale is continuing to slow as oil prices continue declining. Goodrich Petroleum announced last week its plans to spend between $90 and $110 million this year in the shale play, which is located in Amite, Wilkinson and southern Adams County and in Louisiana. That plan is a reduction from earlier projections of $150 ...

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Goodrich plans startling 2015 budget amidst low oil prices

pump jack

Goodrich Petroleum Corp. has 99 problems, but low oil prices isn’t one. Goodrich released its capital expenditure budget for 2015, and it has some people scratching their heads. Over 95 percent of the $150-200 million budget is oil-directed and will go in its entirety to the development of the Tuscaloosa Marine Shale (TMS). According to the company’s press release, “costs ...

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Untapped Tuscaloosa shale prime for profit

shale map

Shane Thielges for Shale Plays Media In the past couple of years an influx of energy companies have begun moving to buy up areas of land in south-central Louisiana and southwestern Mississippi. Their target is the Tuscaloosa Marine Shale, a little-known oil deposit that has often found itself overshadowed by famous neighbors like the Eagle Ford, Permian and Haynesville in ...

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Hess proving to be a big player in the Bakken

Hess

While it might only be the third-largest driller in North Dakota, Hess (NYSE: HES)  has drilled 18 of the 50 top producing wells in the Bakken region over the past two years. The company is focusing on three areas to drive its overall Bakken performance: well costs, productivity, and price realization. This should enable the company to deliver superior returns. Looking ...

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