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Tag Archives: bakken

Oil production set to rise in Sept

pump

Lydia Gilbertson | Shale Plays Media Google+ Reuters reported today that the major plays in the United States are set to raise their production levels by 89,000 barrels per day (bpd) in September. According to the Energy Information Administration, Bakken production is set to rise 20,000 bpd to 1.14 million bpd. The Permian Basin is estimated to grow 38,000 bpd to ...

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$6 billion Whiting-Kodiak merger closer to reality

Zach Koppang | Shale Plays Media The $6 billion merger between Denver-based oil and gas companies Whiting Petroleum Corp. and Kodiak Oil and Gas Corp. has made it past another regulatory stepping block, the Denver Business Journal reports. Late Tuesday Kodiak announced that it was notified that the waiting period under the Hart-Scott-Rodino Anitrust Improvements Act had been terminated, allowing ...

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Continental Resources’ quarterly profit falls

continental resources

Lydia Gilbertson | Shale Plays Media Google+ Reuters reported Tuesday that Bakken giant Continental Resources’ quarterly profit has fallen 68 percent.  Continental Resources is the second largest oil producer in the Bakken shale, just behind Whiting Petroleum. Its second-quarter adjusted profit rose 13 percent, largely due to its’ 24 percent increase in production. Continental Resources now produces 167,953 more barrels ...

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Emerald Oil expands Bakken holdings

oil rig

Lydia Gilbertson | Shale Plays Media Emerald Oil of Denver, CO has signed a potentially $110 million dollar deal. It has acquired 27,400 acres in the Bakken shale area through Liberty Resources II. This increases its land holdings in the area to 49,727 acres in total. The area is between two projects in Williams County, Emerald’s Low Rider and Lewis and Clark ...

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Top 5 Bakken news stories this week

Lydia Gilbertson | Shale Plays Media Google+ The last week of July, 2014 in the Bakken oilfields has seen a lot of positive political movement. There were 2 more saltwater spills, and both have been contained.  It was announced that production jumped 33% in June and will only continue to rise.  Well count in the shale is at 182 running ...

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Ex-fiancee defends man camp murder suspect

man camp

 Sarah Volpenhein | The Grand Forks Herald The ex-fiancee of Ryan Neil Anderson took the stand Wednesday in his murder trial in Grand Forks, with the prosecution scrutinizing her side of the story. The Iron River, Mich., man is accused of stabbing his friend Christopher King, also of Iron River, to death more than a year ago at a man camp ...

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Colorado man aiming to end natural gas flaring

Zach Koppang | Shale Plays Media A career in the aerospace industry with vision aimed toward interplanetary travel has resulted in the development of a mobile oil and gas separator capable of ending the ongoing issue of setting fire to the natural gas associated with the hydraulic fracturing process. The Denver Business Journal recently featured Robert Zubrin, founder of Pioneer ...

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ND flares dimming

Bakken Oil Well Flare

Lydia Gilbertson | Shale Plays Media Google+ North Dakota recently implemented a new flaring mandate that requires a certain amount of flared gas be captured in order to reduce the state’s methane emissions and wasted natural gas.  The state hopes to have reduced the flaring rate from 28 percent in the first quarter of 2014 to 26 percent this October. A recent ...

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Safety and the Bakken

train

Lydia Gilbertson | Shale Plays Media Working on an oil rig is considered one of the most dangerous jobs in the country. The oil and gas industry is taking measures to address the hazardous nature of their field. Journalist Maxine Herr recently did an in-depth report for the Bismarck Tribune that explores the role that safety plays within the industry for ...

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