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Tag Archives: oasis petroleum

Williston Basin Petroleum Conference announces keynotes, speaker line-up

The Williston Basin Petroleum Conference, the largest oil and gas conference focused on the Williston Basin and the Bakken,  announced its keynotes and headlining speakers. The conference will be held May 22-24, 2018 at the Bismarck Event Center in Bismarck, ND. The WBPC will feature a lineup of more than 40 speakers and presenters, each sharing their insights on the ...

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North Dakota confirms Lime Rock as buyer of Occidental’s Bakken acreage

The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2015 photo. REUTERS/Ernest Scheyder

Williston, N.D. – North Dakota’s oil regulator on Wednesday identified Lime Rock Resources as the buyer of Occidental Petroleum Corp’s North Dakota oil operations, confirming what Oxy’s executives had yet to disclose publicly. The deal, worth about $600 million, is expected to close by the end of the month. Reuters first reported in October that Oxy had agreed to sell ...

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U.S. shale producers see big budget cuts for 2016

HOUSTON/NEW YORK – U.S. shale oil producers, having slashed fat from 2015 budgets after a 50-percent drop in crude prices, risk cutting to the bone next year as they pare spending further and get ready for a prolonged downturn. Top shale companies including Devon Energy Corp, Continental Resources Inc and Marathon Oil Corp this week released preliminary 2016 plans for ...

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Oasis Petroleum profit beats thanks to cost cuts

North Dakota oil producer Oasis Petroleum Inc posted a better-than-expected quarterly profit on Tuesday as it successfully slashed costs to offset plunging crude prices. Bucking the industry trend to hunker down, Oasis also boosted its production forecast for the year and locked in hedges for 2017, steps that signal the Houston-based company’s confidence it can weather the low-price storm. For ...

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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 October 18th through the 24th. Enjoy! 5. Bakken water supply: Program allowing irrigation water for fracking ends Infrastructure in western North Dakota is finally catching up with demand, evident in the state engineer’s office discontinuation of a program which allowed farmers to sell ...

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Well blowout spills oil and brine in Mountrail County

Oil and brine spilled at a well site in Mountrail County has impacted the White Earth River, reports the North Dakota Department of Health. The spill occurred at an Oasis Petroleum operated well at around 11 p.m. on Saturday. Located approximately 15 miles south of White Earth, the personnel on site lost control of the well. Oasis is currently working ...

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