WorldOil Trump highlights benefits of shale to U.S. economy and the environment The Trump administration showed support for energy innovation in the United States this week, issuing a report that directly outlines how U.S. shale production is positively impacting both the economy and the environment. Continental Resources mulls sale of stake in its shale water unit Continental Resources is exploring a sale of a non-controlling stake in its water-infrastructure business that could value the unit at $1 billion or more, according to people familiar with the matter. TPG terminates $930 million purchase of shale water handler Goodnight Midstream The parties terminated TPG’s deal to buy a majority stake in Goodnight from Tailwater Capital on July 5 because Goodnight was unable to satisfy certain closing conditions, a representative for TPG said in an emailed statement. TPG announced the deal in March. U.S. exported more oil than Saudi Arabia in June The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. Indianola Energy upstream strategy earns $100 million equity commitment The company announced a $100 million equity commitment to pursue a new upstream strategy, designed to provide both capital and an execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America. Guyana, Bakken bets are paying off for Hess Focusing on offshore Guyana and Bakken shale opportunities is paying off for Hess, who foresee significant production expansion in the coming years. Oilfield Helping Hands to host inaugural Rocky Mountain Fishing Tournament in North Dakota Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, will be hosting its first Rocky Mountain Fishing Tournament on May 31- June 1, 2019 at Tobacco Gardens in Watford City, N.D. Northern Oil and Gas acquires Williston Basin properties Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy) Targa Resources sells 45% interest in Bakken Assets for $1.6 billion Targa Resources Corp. has announced that it has entered into definitive agreements to sell a 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Comstock Resources has reported 109% in proved oil, gas reserves in 2018 Comstock Resources, Inc. has announced that its proved oil and natural gas reserves as of Dec. 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 MMbbl of crude oil and 2,283 Bcf of natural gas or 2,424 Bcfe as compared to total proved reserves of 1,162 Bcfe as of Dec. 31, 2017.