WorldOil Northern Oil and Gas buys Williston basin assets in its largest acquisition to date Northern Oil and Gas, Inc., has announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 boed of production and 10,600 net acres in the core of the Williston basin. PetroShale announces $55-million deal in the North Dakota Bakken PetroShale Inc. has announced that it has entered into an agreement with an independent oil and gas company to acquire high-quality, light oil-weighted assets in the core of its focus area in the North Dakota Bakken. Oasis Petroleum to divest certain Williston basin assets Oasis Petroleum Inc. has signed two separate purchase and sale agreements to sell an estimated 4,400 boed of net production and approximately 65,000 net acres of non-core assets in the Williston basin for $283 million. Magnolia Petroleum sees potential sale of North Dakota assets to avoid bankruptcy Magnolia Petroleum plc, the U.S. focused oil and gas EandP 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 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.