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Tag Archives: oasis petroleum

Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of October 4th through the 9th. Enjoy! 5. What oil spill? Company responsible for Yellowstone River spill gets Bakken pipeline approval The pipeline company responsible for the oil spills in the Yellowstone River and California Coast earlier this year has been granted permission from North Dakota state regulators to ...

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Oasis Petroleum’s credit line cut by Wall Street banks

Credit lines for Oasis Petroleum have been reduced by about $170 million by Wall Street banks due to the persisting oil price slump. As reported by Reuters, this is the largest reported reduction of an oil producer’s “access to debt markets” this fall, prompted of course by low oil prices. Oasis, operating exclusively in the North Dakota Bakken oil patch, ...

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US oil producers thirsty for cash eye wastewater unit spin-offs

WILLISTON, N.D. – Some U.S. oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is already forcing cash-starved companies to sell assets so oil can keep flowing. Many oil companies rely on outside contractors, which tend to be small, privately-held companies, to inject the briny byproduct of crude production hundreds ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of February 28 through March 6. Enjoy! 5. Lessons for U.S. oil production from the gas industry: Kemp NEW YORK – The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration (EIA) on Feb 27. ...

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Oasis updates Bakken plans for 2015

For the coming year, Oasis Petroleum (NYSE: OAS) is changing its focus from production to business management to better weather the current oil price climate, reports The Bakken Magazine. In 2014 the company produced an average of 45,656 barrels of oil equivalent per day (boe/d) compared to 2013’s figures of 33,904 boped, a 35 percent increase. During last year’s fourth ...

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Oil and brine spill reported in Williams County

The North Dakota Department of Health has announced another oil and brine spill, the third such incident to happen this month. According to a report from United Press International (UPI), the Health Department received notice from Oasis Petroleum that 490 barrels of oil and 455 barrels of brine were released due to storage tank overflow. The health department reports that ...

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