Bakken ///

U.S. output builds on OPEC cutbacks, gas rides LNG expansion

Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.

North Dakota Bakken oil rises again in shadow of mighty Permian

The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck.

Valorem Energy closes on $285-million acquisition of Williston basin assets

Valorem Energy, LLC, announced that it has closed on its acquisition of LINN Energy, Inc.’s Williston basin interests for a purchase price of $285 million.

EIA: Bakken gas production increasing at a faster rate than oil production

In North Dakota’s Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014.

Central Park's got nothing on Exxon's super-long shale oil wells

ExxonMobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park.

Linn Energy sells Williston basin properties for $285 million

Linn Energy, Inc., has announced that it has signed a definitive agreement to sell its interest in properties located in the Williston basin to an undisclosed buyer for a contract price of $285 million, subject to closing adjustments.

Whiting Petroleum to sell assets in North Dakota's Bakken for $500 million

Whiting Petroleum Corporation has agreed to sell its Fort Berthold Indian Reservation area assets, located in Dunn and McLean Counties, N.D., to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments.

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

Drilling activity is noticeably higher, as American drillers climb out from historically low levels.

Halcón shifts focus to Permian with $1.4-billion Bakken sale

Shale oil producer Halcón Resources Corp. said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian basin, the largest U.S. oilfield.

Drill pipe life tripled, drilling operations optimized in Bakken laterals

Karma Slusarchuk, Whitehorse Technology; Manuel Garcia, XTO Energy, Inc.; Aditya Nikam, Tejas Ghorpade, ETECH International

Uniquely non-welded wear bands reduced friction and wear, helping to increase ROP.

Dakota Access granted approval without Trump’s renegotiation

When President Donald Trump advised expediting the controversial Dakota Access oil pipeline, he said he’d negotiate the terms. But the project was greenlighted with no strings attached.

Dakota Access pipeline seen operational in second quarter

The $3.8-billion Dakota Access crude oil pipeline won’t start up until the second quarter of this year, according to stakeholder Phillips 66.

Dakota Access oil pipeline nears final permit, lawmakers say

Energy Transfer Partners LP may be close to getting the permit it needs to finish the Dakota Access oil pipeline, a project that became a flash point for environmentalists, but a symbol of President Donald Trump’s pledge to jump start energy infrastructure.

SM Energy looks to sell assets in North Dakota’s Divide County

SM Energy has engaged Tudor, Pickering, Holt & Co. to run a formal bid process for the sale of the company's Divide County area assets in the Williston basin.

Shale drillers promise no 2017 binges as oil hangover eases

Shale oil companies are ready to play chicken with supply and demand again.

Dakota Access pipeline in new setback as U.S. permit denied

The U.S. Army Corps of Engineers denied Energy Transfer Partners a permit to build a section of the $3.8-billion Dakota Access Pipeline in North Dakota after weeks of opposition from Native Americans, environmentalists and other groups.

Drillers add most rigs in 16 months amid market optimism

Growing confidence that crude prices will rise in coming months is sustaining the expansion of oil drilling in the shale patch.

U.S. delays Dakota pipeline as Trump promises quicker reviews

The Obama administration has yet again delayed a decision on the controversial Dakota Access crude pipeline, even as President-elect Donald Trump vows to speed up reviews of such projects.

Resource Energy completes purchase of Williston basin assets

Resource Energy Can-Am LLC has announced that it has closed on its previously announced agreement to acquire assets in the North Dakota Bakken formation from Samson Resources Company.

Oasis’ Bakken deal shows play still has life as costs drop

Oasis Petroleum’s double-down on North Dakota’s Bakken shale shows the rapid drop in U.S. drilling costs can make a case for even the ugly ducklings of American shale plays.