Bakken
News
March 11, 2015
A decision by Whiting Petroleum, the largest producer in North Dakota’s Bakken shale basin, to put itself up for sale looks to be the first tremor in a potential wave of consolidation as $50/bbl prices undercut companies with heavy debt and high costs.
News
March 10, 2015
HOUSTON (Bloomberg) -- The biggest slowdown in oil drilling on record is showing signs of reining in the U.S. shale boom.
Article
March 2015
After detailed analysis of shale well designs and drilling operations in the Bakken, a new drill pipe was introduced to reduce the wear on the pipe body while drilling the intermediate 8¾-in. hole section, as well as providing adequate annular clearance between the pipe and the wellbore to keep the ECDs in check.
News
March 09, 2015
Whiting Petroleum Corp., the largest oil producer in the Bakken shale formation, has hired a bank to pursue a possible sale, people familiar with the matter said.
News
March 06, 2015
GALENA, Illinois (Bloomberg) -- A BNSF Railway Co. train carrying 103 cars of crude oil derailed in rural Illinois, and U.S. regulators said a fire had broken out. There were no reports of injuries.
News
February 24, 2015
Exxon Mobil Corp. has announced that it replaced 104% of its 2014 production by adding proved oil and gas reserves totaling 1.5 Bboe, including a 162% replacement ratio for crude oil and other liquids.
News
February 18, 2015
Marathon Oil has announced a $3.5 billion capital, investment and exploration budget for 2015, a further 20% decrease since the Company's December capital budget update.
News
February 17, 2015
U.S. regulators joined the investigation into a fiery CSX Corp. oil-train derailment in West Virginia that forced residents to flee their homes in frigid weather and threatened drinking water.
News
February 16, 2015
Chem Rock has announced that its premier fluid system, OmegaStim, has successfully completed its 4,000th stage.
News
February 13, 2015
HOUSTON -- The U.S. drilling frenzy is over. What’s not is the boom in oil production. While companies have idled 151 rigs in five shale formations since reaching a peak of 1,157 in October, they’ll need to park another 200 for growth to stall, according to data from the U.S. EIA.
News
February 13, 2015
North Dakota’s oil production rose by nearly 2.4 MMbbl in December, but the state’s rig count has now fallen to its lowest level in nearly five years.
News
February 11, 2015
TransCanada has sent a letter to the U.S. Department of State that highlights the company's official response to the Feb. 2 comment letter from the U.S. Environmental Protection Agency (EPA) on the Department of State's Final Supplemental Environmental Impact Statement (FSEIS) for Keystone XL.
News
February 11, 2015
Even in the current price environment, the best producing parts of the South-Central Oklahoma Oil Province (SCOOP) are on par with the Eagle Ford and Bakken according to Wood Mackenzie’s latest key play analysis.
News
February 06, 2015
The U.S. rig count has fallen for the ninth week in a row with nearly half of this week’s 87 rig drop being accounted for by rigs seeking oil in the Permian basin.
News
January 30, 2015
U.S. drillers idled oil rigs for an eighth week as crude prices headed for their longest stretch of declines since 2009.
News
January 28, 2015
Oil prices will recover as early as the first half of this year as producers cut back, Continental Resources Inc. founder and CEO Harold Hamm said Wednesday.
News
January 21, 2015
OPEC isn’t the only victim of the growth in U.S. shale oil.
News
January 21, 2015
Kinder Morgan Inc. (KMI) has announced a definitive agreement whereby KMI will acquire Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt.
News
January 10, 2015
HOUSTON (Bloomberg) -- After six straight months of plunging oil prices, U.S. shale drillers have sent the clearest signal to date that they’re retreating.
News
January 08, 2015
HOUSTON -- Halcon Resources Corp. has announced further reductions to its 2015 drilling and completion budget. In November, the company announced a budget of $750 to $800 million and said that it intended to operate six rigs in 2015, five less than originally planned. However, Halcon has now announced a revised drilling and completions budget of $375 to $425 million and cut even more rigs.
News
January 07, 2015
WASHINGTON (Bloomberg) -- The U.S. exported a record amount of crude oil in November after a five-year run of production growth that has made the country the most oil-independent in 20 years. Shipments surged 34% to average 502,000 bopd in November, the most on record dating back to 1920, data from the U.S. Census Bureau and the Energy Information Administration show. The previous peak was 455,000 in March 1957.
