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Tag Archives: kodiak oil &gas

Whiting announces sale of Bakken assets for $500 million

north dakota oil, bakken pumpjacks, oil production

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 ...

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Whiting to sell part of company, not whole

James Volker, chairman of the board and chief executive officer of Whiting Petroleum Corporation, speaks to guest and investors during an OGIS' conference for mid- and small-tier oil and gas companies in New York, April 7, 2014. REUTERS/Eduardo Munoz

Last week, Reuters published a report with mixed predictions for the future of Whiting Petroleum Corp.’s ownership; a Wall Street Journal article reported the company’s plans to sell, but an unnamed Whiting source seemed unaware of any such plans. Today, Investor’s Business Daily reports that the Denver-based company is seeking buyers for portions rather than ownership. According to the report, ...

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Mergers and acquisitions rebound in 2014

As the old saying goes, “business was good” in 2014, literally. Along with initial public offerings (IPOs) surging last year, mergers and acquisitions (M&A) involving oil and gas exploration and production companies rose 23 percent in 2014. M&A deals managed to survive despite the steep drop in crude prices towards the end of the year. According to an end-of-the-year report ...

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Saltwater spills near Williston


Lydia Gilbertson | Shale Plays Media Google+ A saltwater disposal well 15 miles east of Williston is reported to have released 300 barrels of saltwater today. The spill occurred because of a piping leak. Kodiak Oil & Gas owns the P WOOD 3-27 disposal well. The release is said to have been contained. A state inspector is traveling to the site ...

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Bakken land deal fills company’s pockets

oil money

NEW YORK, Sept 11 (Reuters) – Kodiak Oil & Gas Corp’s purchase of 42,000 acres of leases in North Dakota’s Bakken shale fields last June has helped boost the company’s production, Chief Executive Lynn Peterson said in an interview on Wednesday. The increase reflects the company’s aggressive plan to spend about $950 million this year to drill 100 new wells. ...

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Fracking regulations pit ND against DC

Congress News

North Dakota’s The Bakken shale, and how 1 picture tells the whole story. Source: Bureau of Labor Statistics. Though North Dakota has in times past had lower joblessness rates when compared to the remainder of the country, it barely felt a bump in the road with the start of the Great Recession. Not only have the number of jobs enhanced ...

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Hess proving to be a big player in the Bakken


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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