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Tag Archives: whiting petroleum

Marcellus permit activity in Pennsylvania

Permit activity in Pennsylvania’s Marcellus Shale formation has seen a slight increase in issued permits over the last week, as well as contract cancellations. While commodity prices are still low, oil and gas companies have started spending money on canceling drilling contracts rather than completing operations.  Antero Resources Corp., a major operator in the Utica and Marcellus Shale formations, is ...

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Top 5 Bakken stories of the week

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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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O&G companies are dropping big money to cancel contracts

With commodity prices still low, oil and gas companies have started to spend their money on terminating drilling contracts rather than going through with the operations. Antero Resources Corp., which has operations in the Utica and Marcellus Shale formations, is one of the companies that has jumped on the cancellation train. According to the company’s earnings report, during the first-quarter, ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of April 18 through April 24. Enjoy! 5. Study: Deferring well completion to pay off Crude storage in the U.S. is at a record high. During the week of March 27, 4.8 million barrels added topped off the current high of 471.4 million barrels, according to a recent report from ...

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Hi-tech and Big Data offer hope to battered US oil industry

WILLISTON, N.D. – The tech geeks are coming to the oil industry’s rescue. With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies to do more for less. As North America’s oil companies slash spending ...

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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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