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Exclusives

Local auction veteran goes global

The world is shrinking and the gap between the rest of the world and rural America is closing quickly. Gone are the days of gathering around the auction block, physically raising the bid with the signal of a hand or a hearty shout over the strewn together syllables of an auctioneer. One Midwestern family, with years of auction experience under ...

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Top 5 Bakken stories of the week

In case you missed them, here are the top five stories from Bakken.com for the week of August 9th through August 15th. Enjoy! 5. Officials fight vandalism on grasslands in west North Dakota MEDORA, N.D. — Officials in western North Dakota are trying to combat an increasing amount of vandalism on the Little Missouri National Grassland. Cattle ranchers are seeing ...

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Permian Basin dominates rig counts

Despite being halved in the past year, the Permian Basin’s rig count heads the upswing with more rigs than any other US region. It’s been a rough year for rig counts in every shale play across the country, and the Permian Basin has been no exception. In the past 12 months, capped August 7 2015, the Basin suffered a loss ...

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Bakken crude: Could pipelines replace the need for oil-by-rail?

The transportation of Bakken crude is beginning to shift away from the railways and into pipelines as production levels off in the wake of last year’s price collapse and more oil and gas pipelines are brought online. Rusty Braziel, analyst with RBN Energy, explained, “Since 2012 a combination of rail and pipeline has given Bakken producers ample crude takeaway capacity, ...

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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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Louisiana’s Abita Springs wetlands safe for now

In a state ruled by the oil and gas industry lies Abita Springs, a parish known for pristine waters and quality living. Their clean waters are so well known that Abita Brewery is stationed here. A new development suggests their surrounding wetlands, the main drinking water source for the town, sit atop valuable fossil fuels. Helis Oil & Gas Co. ...

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Devon, Denbury, Shell and Vine O&G unlock automation opportunity

Shale production has rocketed from 100 kboe/d to 7,500 kboe/d in less than 10 years. During the same time, shale plays across North America have seen hugely impactful developments, with drilling costs declining and productivity per well increasing. The adoption of digital technologies has been critical to this, supporting the fact that the digital oilfield services market is set to ...

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Morgan Stanley benefits from Eureka Hunter sale

Earlier this week, Magnum Hunter Resources Corp. shared it will be selling its interests in its Eureka Hunter pipeline system to help battle the industry’s downward spiral. Well, Magnum Hunter isn’t the only company that will be benefiting from the sale. Magnum Hunter’s partner Morgan Stanley, who owns 53 percent of the pipeline system, will also see some impact come ...

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