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Tag Archives: three forks shale

Iraqis tour North Dakota to study gas-capturing technologies

BISMARCK, N.D. — The Iraqi government has turned to North Dakota for help in finding solutions to the wasteful burning of natural gas that’s a byproduct of oil production. Iraq, OPEC’s second-biggest oil producer behind Saudi Arabia, is having much the same problem dealing with excess natural gas that North Dakota has had as oil production there has increased, though ...

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Contractors tapped for Midwest oil pipeline

CEDAR RAPIDS — Two Wisconsin companies, including Michels Pipeline Construction, which has a field office in Cedar Rapids, have been selected to build portions of the proposed Dakota Access Pipeline. The yet-to-be-approved $3.78 billion, 1,134-mile Dakota Access Pipeline would transport domestically produced light sweet crude oil from the Bakken and Three Forks production areas in North Dakota to Patoka, Ill, ...

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Hearing dates set for Bakken Pipeline access through Iowa

Hearing dates have been set for November for a proposed cross-country crude oil pipeline, called the Bakken Pipeline, that would slice through 18 Iowa counties. The Iowa Utilities Board released an order Wednesday scheduling the hearing to begin Nov. 12 for public comment and Nov. 16 for the evidentiary hearing, both at the Boone County Fairgrounds Community Building. “The board ...

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Bakken flaring up in July

While North Dakota oil production dipped slightly during the month of July, the volume of flared gas jumped, reports the Bismarck Tribune. During a monthly media briefing on state oil and gas production, North Dakota Department of Mineral Resources Director Lynn Helms reported that in terms of percentage of gas flared, July saw flaring rates of 20 percent compared to ...

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Diesel for harvest might be adequate with drilling slowdown

BISMARCK, N.D. — The slowdown in North Dakota’s oil patch should help keep fuel supplies adequate for the state’s fall crop harvest due to the dramatic drop in the number diesel-thirsty drill rigs, officials say. The harvest, which already has begun for some crops, often spurs diesel shortages for farm machinery in the Upper Midwest. The problem was particularly acute ...

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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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SM Energy to sell off $324 million worth of assets

Denver-based SM Energy Co. announced yesterday that it plans to sell off oil and gas assets in Oklahoma, Texas and Louisiana for $324 million. The company expects to close the transaction with an undisclosed buyer in the second quarter of 2015. According to the Denver Business Journal, the assets in the sale produced 3.4 million barrels of oil equivalent, almost ...

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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 the first quarter, the company noted that it has been able to haggle lower prices with its service providers. Additionally, the company is continuing to ...

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N.D. sees second consecutive monthly drop in oil output

North Dakota’s oil production declined in February for the second consecutive month as drilling new wells slackened amid low oil prices. State regulators said Tuesday that February’s output was just short of 1.18 million barrels per day, down 50,435 daily barrels since December, which was the state’s all-time high. It was the first consecutive two-month drop since January 2011. The ...

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Whiting Petroleum set to thrive despite low prices

Denver-based Whiting Petroleum Corp. was and continues to be structured around making money at current oil price levels, says James J. Volker, the company’s president and Chief Executive Officer. During the company’s fourth quarter and 2015 investor’s guidance call he emphasized that Whiting will not be delaying well completions and will not depend on the curve of oil prices to ...

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