Home / Tag Archives: whiting petroleum (page 2)

Tag Archives: whiting petroleum

Helms: Bakken core still profitable

North Dakota Department of Mineral Resources Director Lynn Helms, the state’s top oil regulator, says drilling is still very profitable in the Bakken’s core of Dunn, McKenzie, Mountrail and Williams counties. As reported by the Williston Herald, Lynn Helms said these core counties were home to more than half of last Thursday’s 73 active drilling rigs. Despite the current average ...

Read More »

Whiting reports increased production, Bakken success

For the second quarter of 2015 Whiting Petroleum reported a two percent production increase over the previous quarter, according to The Bakken Magazine. The increase was despite the company’s first quarter sale of non-core acreage, which equaled 8,300 barrels of oil equivalent per day (boed). Currently, the company is producing an average of 170,245 boed. Compared to last year, the ...

Read More »

Dunn County well reveals strength of Whiting’s enhanced completions

Experimenting with enhanced well completions has Whiting Petroleum delivering 40 to 50 percent higher production from older offset wells in the Williston Basin. One of its Skunk Creek wells in South Fork field of northeast Dunn County reached an initial 24-hour production rate of 4,300 barrels of oil equivalent (BOE) per day from an enhanced completion middle Bakken well, making ...

Read More »

Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of June 20th through June 26th. Enjoy! 5. St. Paul Park Refinery increasingly focuses on Bakken oil Minnesota’s oldest oil refinery sees a bigger future with Bakken crude. The refinery on the banks of the Mississippi River in St. Paul Park plans $100 million in upgrades that by next ...

Read More »

Bakken oil prices: Major players to take the win

The price differential between oil produced in the Bakken region and the oil stored in Cushing, Oklahoma, and on the Gulf Coast is beginning to positively impact shale producers such as Hess Corp., Whiting Petroleum, and Continental Resources, according to The Street. Oil prices in the United States are generally based on the benchmark quotes of the West Texas Intermediate ...

Read More »

Finding the sunny side of the Bakken turn down

In a special meeting with the Dickinson City Comission, KLJ CEO Niles Hushka said the oil price slump and drilling slowdown has created a variety of innovations within the industry and positive outcomes for the region, according to the Dickinson Press. The head of the engineering solutions firm stated that the Bakken shale play “is all about optimizing production in ...

Read More »

The U.S. oil fracker’s dilemma: crouch or pounce?

HOUSTON – U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. In a way, the conundrum is as old as the first oil well. If producers ...

Read More »

EOG Resources to resume fracking if oil hits $65/barrel

WILLISTON, N.D. – Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. EOG was the latest major U.S. shale oil producer to peg increased operations to a specific ...

Read More »