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Tag Archives: whiting petroleum

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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Top 5 Bakken stories of the week – February 21-27

top 5 bakken stories of the week february 21-27

It was a busy week in the Bakken, but probably not for the reasons the industry had hoped for. While the market fluctuated, investors applauded companies such as Whiting Petroleum and Chesapeake Energy when assets were sold and budgets were cut. Whiting, for example, announced it will suspend all new fracking and well completions the coming year and market shares ...

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This week in ND jobs

Although many companies have cut positions or laid off employees over the last eighteen months, oilfield jobs haven’t dried up completely. Listed below are seven jobs in ND still open and waiting for your application. KLJ Solutions has a number of engineer positions open and recently posted with start dates immediately to early May. One position is located in Bismarck and requires two ...

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Breaking even: Bakken still profitable, but barely

The oil price crash just can’t keep a good shale driller down. According to a Bloomberg Intelligence analysis, parts of North Dakota’s Bakken shale formation continue to be profitable at less than $30 per barrel, half the amount of some predictions gave last year when prices began to drop. As companies tap larger wells and reap the benefits of decreased ...

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Helms: Bakken core still profitable

North Dakota Department of Mineral Resources Director Lynn Helms, the state’s top oil regulator, says drilling is still very profitable in the Bakken’s core of Dunn, McKenzie, Mountrail and Williams counties. As reported by the Williston Herald, Lynn Helms said these core counties were home to more than half of last Thursday’s 73 active drilling rigs. Despite the current average ...

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Whiting reports increased production, Bakken success

For the second quarter of 2015 Whiting Petroleum reported a two percent production increase over the previous quarter, according to The Bakken Magazine. The increase was despite the company’s first quarter sale of non-core acreage, which equaled 8,300 barrels of oil equivalent per day (boed). Currently, the company is producing an average of 170,245 boed. Compared to last year, the ...

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Dunn County well reveals strength of Whiting’s enhanced completions

Experimenting with enhanced well completions has Whiting Petroleum delivering 40 to 50 percent higher production from older offset wells in the Williston Basin. One of its Skunk Creek wells in South Fork field of northeast Dunn County reached an initial 24-hour production rate of 4,300 barrels of oil equivalent (BOE) per day from an enhanced completion middle Bakken well, making ...

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