Bakken ///

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.

SM Energy expands in Midland basin with new acquisition

SM Energy has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland basin footprint to approximately 82,450 net acres.

North Dakota is pumping oil at the slowest pace in two years

North Dakota oil production dropped below 1 MMbpd in August for the first time in more than two years, as depressed prices forced explorers to cut back.

SM Energy to divest assets in Williston basin

SM Energy has engaged Petrie Partners to explore the sale of certain leasehold assets in the Williston basin.

RockPile Energy Services targets Bakken workovers with AWS acquisition

RockPile Energy Services, a portfolio company of White Deer Energy, has acquired American Well Service (AWS), a Kenmare, North Dakota-based workover rig company.

Dakota pipeline’s fate may hinge on next president after setback

The Obama administration halted work on a stretch of land where Energy Transfer Partners is building its Dakota Access oil pipeline, a move that could threaten to thrust the fate of the project into the hands of the next president.

Resource Energy in $75-million deal for Samson Resources' Bakken assets

Resource Energy Can-Am has entered into a stalking horse asset purchase agreement with Samson Resources Company to acquire certain of Samson’s North Dakota and Montana properties in the Bakken play.

Enbridge scraps plan to build Sandpiper pipeline amid Bakken slump

Enbridge said it has withdrawn a regulatory application for its $2-billion Sandpiper pipeline amid a slump in production in the Bakken.

Continental Resources to sell non-strategic assets in North Dakota, Montana

Continental Resources has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million.

Over 600 DUCs are intentionally delayed in each of the largest shale oil plays: Rystad

By looking at the intentionally postponed (abnormal) part of the DUC inventory, Rystad Energy observed that all of the major liquid basins are exposed to completion delays.

Enbridge, Marathon agree to buy $2-billion Bakken pipeline stake

A unit of Enbridge Inc. and Marathon Petroleum Corp. have agreed to pay a combined $2 billion in cash for a stake in the Bakken pipeline system from an affiliate of Energy Transfer Partners LP and Sunoco Logistics Partners LP.

Fraclog in the biggest U.S. oil field may all but disappear

The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter—and may all but disappear in the nation’s biggest oil field should prices hold steady.

Triangle USA Petroleum, oil and gas explorer, files bankruptcy

Triangle USA Petroleum Corp., an oil and gas explorer working one of the largest shale oil reservoirs in North America, filed for bankruptcy with a plan to restructure that will keep its parent company out of Chapter 11.

Nine Energy stimulates 50-stage Divert-A-Frac system in Williston basin

Rickey Green, Kendall Manning, Nine Energy Service

The Williston basin has seen a full evolution of completion technology throughout its development, with increasing levels of science being applied to determine the best methodology.

ShaleTech: Bakken-Three Forks shale

Jim Redden, Contributing Editor

Deferrals replace unchecked production