Bakken ///

Magnolia Petroleum sees potential sale of North Dakota assets to avoid bankruptcy

Magnolia Petroleum plc, the U.S. focused oil and gas E&P company, has announced that it has signed a non-binding agreement with a third party for the sale of all its wells in which it has varying interests in North Dakota, being approximately 31 wells, for a total consideration of $1.5 million.

Bakken shale getting back "in-the-money"

With breakthroughs in drilling technology reducing costs and crude oil prices near $70/bbl, wells in North Dakota are turning into cash cows.

TransCanada plans to clear Montana land for Keystone XL in fall

TransCanada Corp. will take the initial steps of clearing brush in Montana this fall for construction of the highly-contentious Keystone XL pipeline.

Navigation Powder River announces record production in the Powder River basin

Navigation Powder River, LLC, supported by certain investment funds managed by Juniper Capital Advisors, L.P., has announced record initial production from successful drilling of their first wells in the Powder River basin.

Oil bust was actually good for a town called 'Shale City'

As the price of oil goes, so goes Williston, North Dakota. Now, though, the community located deep in the state’s Bakken shale play is working to break free from the industry’s boom-and-bust cycles.

Water Management

Mark Patton, Hydrozonix

Recycling produced water cuts disposal costs

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.