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Tag Archives: hess

School curriculum aims to produce energy workers

school child

BISMARCK, N.D. — North Dakota’s energy industry has developed a curriculum aimed at teaching fourth- and eighth-grade students about the state’s petroleum, coal, wind, hydropower, solar, biofuel and geothermal resources. The Bismarck Tribune reports that the idea began more than two years ago with the EmPower Commission, a group representing North Dakota’s various energy sectors. The Great Plains Energy Corridor at ...

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800 barrels of saltwater spill outside of Ray

rocks that may or may not be wet

The North Dakota Oil and Gas Division reported yesterday that there was a contained release ten miles southeast of Ray.  A failed valve is the cause of the release of 800 barrels, or around 24,436 gallons of saltwater.  The incident occurred at the Beaver Lodge Devonian Unit F308-D. The well is owned by Hess Bakken Investments II, LLC.  A state inspector ...

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The top 5 Bakken stories of the week

Active rig count: 186 Saltwater spills: 0 1. Halliburton to purchase Baker Hughes Dow Jones reported today that Halliburton may buy Baker Hughes. The companies are two of the largest oil field service companies in the world. Prior to the announcement it has been stated that Baker Hughes is worth around $22 billion dollars. Halliburton has an estimated worth of ...

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Oil price drop, merger talks feed energy sector deal speculation

smokey pump jack

NEW YORK, Nov 14 – Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell Varco Inc and Weatherford International may also be targets, bankers and lawyers said. ...

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BHP Billiton gracefully bows out of Gulf project

A Hess-operated project in the Gulf of Mexico, given the green light just last week, is now without its Australian-based partner, according to Petro Global News. BHP Billiton has sold its 20 percent stake in the Stampede project, valued by Deutsche Bank at $450 million. However, the company has not publicly disclosed the purchaser or the actual value of the ...

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Hess sees strong output growth even with low oil price

multi-well pad

Nov 10 – Oil and gas producer Hess Corp boosted its five-year production forecast on Monday, shrugging off the recent sharp drop in oil prices and touting development of shale formations and deepwater wells. The bullish forecast – executives said production could increase by double digits through the decade – sets an ambitious target and shows the company’s confidence that ...

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The top 5 Bakken stories of the week

halloween water

Rig Count: 193 1. Shale Plays Exclusive: Interview with ND Republican Party Executive Director Jason Flohrs As November 4th approaches, both Democrats and Republicans are scrambling to reach constituents about the importance of voting in the midterm elections. Historically, midterm elections procure a lower turnout, but this November, getting out to vote is more important than ever before. Voters are ...

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Hess 3rd-qtr net tops Street as Bakken production surges

hess

Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped in North Dakota’s Bakken shale formation. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the year-ago period. Excluding recent asset sales and other one-time items, the company posted ...

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