Bakken ///

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.

Establishing tertiary EOR operations in unconventional plays

Gary Covatch, Joseph Renk, National Energy Technology Laboratory, U.S. Department of Energy

Two federally-funded projects in the Bakken and Eagle Ford shales strive to improve recovery efficiency in unconventional plays while accelerating their development and generating high-quality data.

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.

Bakken shale remains North Dakota’s growth engine

Staff, Energy Web Atlas; Staff, World Oil

As the play’s oil production continues to advance, several pipeline projects may help to make the transportation of that crude easier.

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 & 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.

ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing

Kurt Abraham, World Oil

In an exclusive interview with World Oil Editor-in-Chief Kurt Abraham, ConocoPhillips Chief Technology Officer Greg Leveille discusses the technical issues facing global E&P, particularly as relates to the many U.S. unconventional plays

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.

Hess provides update on progress, plans through 2025

Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas:

Marathon Oil reports successful Bakken core extension test in Ajax Area

Marathon Oil Corporation has announced encouraging early production results at an important four-well Middle Bakken pad in the company's Ajax area of the Williston Basin in Dunn County, North Dakota.

Hess has announced its 2019 E&P capital and exploratory budget

Hess Corporation has announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75% will be allocated to high return growth assets in the Bakken and Guyana.

Conoco sees U.S. shale growth at 25% in 2019, even as oil slides

ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.

Eagle Resources, Freedom Energy have entered into North Dakota drilling JV

Eagle Resources Corporation has entered into a joint venture agreement with Freedom Energy Resources LLC to explore and develop conventional oil drilling prospects in the Lodgepole Reef Formation in North Dakota, offsetting existing Lodgepole fields.

U.S. Energy Corp. announces MOU to acquire Bakken assets

U.S. Energy Corp. has announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota.

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.