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Tag Archives: news

ND oil production numbers set to explode?

Photo credit: ConocoPhillips Genscape, which is a leading provider of energy information, recently estimated that June’s Bakken daily oil production would skyrocket by 54,000 barrels of oil per day. That would have shattered the the previous record monthly gain of 41,000 barrels of oil per day set in February. It turned out that Genscape was way off as production only ...

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Peregrine Petroleum Investing in ND Gas and Oil Projects

Peregrine Petroleum

DALLAS and HOUSTON, Aug. 19, 2013 /PRNewswire/ — Texas-based Peregrine Petroleum is continuing the company’s oil and gas exploration and development activities in the Bakken and Three Forks Shale in North Dakota’s Williston Basin region following last year’s acquisition of 3,210 acres of producing leases from Colorado-based Ranch Oil Company. Peregrine recently filed drilling spacing unit applications in the Pierre Creek ...

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Infocast’s 4th Annual Bakken Infrastructure Finance & Development Summit 2013

infocast logo

BISMARCK, ND–(Marketwired – Aug 21, 2013) – Exciting new production techniques have turned the Bakken Shale play into an energy success story, where crude production surged from 274,000 barrels per day in January 2011 to 673,000 in January 2013. Pipelines are full to capacity as they transport Bakken crude to refineries across the country. Crude-by-rail traffic has gone through the ...

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A week in Oil Boom Country

oil boom country

WESTERN NORTH DAKOTA—I had zero cell-phone service when I landed in Bismarck. I know this state is mostly rural, but how was I supposed to know Sprint doesn’t operate here? Two hours, $183, and one new cheap smartphone later (thanks, Radio Shack!), I was on the road for an almost four-hour drive to Williston, the heart of America’s oil boom. ...

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$220 Million investment in ND Rail capacity by BNSF

bnsf railway

FORT WORTH, Texas–(BUSINESS WIRE)– BNSF Railway Company (BNSF) plans to invest an estimated $220 million to improve and expand rail capacity in North Dakota this year. BNSF’s 2013 capacity enhancement projects in North Dakota include constructing three new sidings west of Minot near Manitou, Tioga, and Palermo; extending the sidings near Glen Ullin and Hillsboro; improvements to six sidings between ...

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Bakken properties sold by Abraxas to natural Resource Partners

Abraxas Petroleum Corp

Abraxas Petroleum Corp. said Tuesday that it has closed on the sale of nonoperated properties in the Bakken Shale for $38.3 million in cash. The buyer is Natural Resource Partners LP, a Houston-based master limited partnership. The acquisition consists of about 13,500 net acres with an estimated average working interest of 11 percent in the Bakken-Three Forks play in the ...

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