Bakken
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.
News
December 22, 2014
OKLAHOMA CITY -- Continental Resources has announced a revised 2015 non-acquisition capital expenditures budget of $2.7 billion. This level of activity is projected to yield 16% to 20% production growth in 2015 compared to estimated 2014 production.
Article
December 2014
Oil prices in the world market hit a three-year low during November, but that has not inhibited the enthusiasm and positive long-term outlook for the energy industry. The surge in U.S. production has changed the game for the national economy and reset the world stage. The recent drop in prices represents a shift of market fundamentals adjusting to a new, abundant supply. It also signals the growing strength of the United States’ hand.
