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Bakken properties sold by Abraxas to natural Resource Partners

Abraxas Petroleum Corp

Abraxas Petroleum Corp. said Tuesday that it has closed on the sale of nonoperated properties in the Bakken Shale for $38.3 million in cash. The buyer is Natural Resource Partners LP, a Houston-based master limited partnership. The acquisition consists of about 13,500 net acres with an estimated average working interest of 11 percent in the Bakken-Three Forks play in the ...

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Nuverra developing site in Bakken to Recycle fracking water

frackingwater

WATFORD CITY, N.D. – The technology is now available to allow oil companies to recycle water used for hydraulic fracturing in North Dakota, industry representatives said Tuesday. But implementing that technology in the Bakken will take time as operators adjust to the new methods and regulators respond with new permitting rules. Oil service companies Halliburton and Nuverra Environmental Services held ...

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Effects of oil on Crosby, the positive kind

crosby nd

CROSBY Tim Gjovig more than doubled the size of his Hardware Hank store in Crosby when he rebuilt to accommodate the business volume that he was seeing. Now in his new building for just over a year, he’s already wishing the store was bigger. “There’s just so much going on around here,” said Gjovig, whose store is experiencing a demand ...

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Williston ND to get Grainger Branch to support Bakken Oil Fields

Grainger

Williston, ND – Grainger announced the opening of its new branch in Williston, N.D. to support customers in the Bakken oil fields. “Grainger offers world-class solutions that are part of a multi-channel approach, which includes our sales team, eCommerce, programs to manage customer inventory more effectively, and a strong network of branches and contact centers,” said Doe Kittay, Vice President ...

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Bakken outskirts hold minerals as well

North Dakota mineral acreage

BISMARCK, N.D. — More than 54,000 mineral acres of land were up for lease Tuesday, many of which are on the periphery of areas with much oil and gas production. State Land Commissioner Lance Gaebe said tracts of land from 13 counties in the western and central part of the state were up for lease during the North Dakota Department of ...

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Interior Sec. Jewell to tour North Dakota

Interior Department Secretary Sally Jewell

WASHINGTON, Aug. 5 (UPI) — The U.S. Interior Department said Secretary Sally Jewell will visit active drilling sites when she meets with state officials in North Dakota. The department said the secretary will meet Tuesday with state Sens. John Hoeven, a Republican, and his Democratic counterpart, Heidi Heitkamp, during tours of oil operations in the state. The tour, Jewell’s first, ...

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Small Shale Companies Outperforming Big Oil

EOG Resources

Oil explorers focused on high-margin shale drilling from Texas to North Dakota are set to outperform Big Oil this year. EOG Resources Inc. (EOG), Pioneer Natural Resources Co. (PXD) and Continental Resources Inc. are poised to reap bigger returns for investors than energy titans 15 times their market values as they devote almost all their drilling capital to higher-margin, domestic ...

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Waste Management expands reach to Bakken region

The U.S. oil and gas boom may be sweeping the nation, but it’s also producing a lot of garbage, and Houston-based Waste Management is expanding to clean it up. North America’s largest waste company said Thursday it had acquired two businesses focused on helping oil companies manage their refuse from the Bakken Shale play in North Dakota. Waste Management already ...

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