Articles by Richard Nemec

'Bakken Strong' Theme Underscored by Producer CEOs

CEOs from three major Bakken formation producers on Thursday predicted that North Dakota's rapid oil/natural gas production growth is just getting started, pointing toward 2 million b/d levels in the next few years and recovery rates in future wells approaching 40%. Read More

North Dakota Officials Claim BLM Not Prepared for Regulating Oil/Gas Sector

With the increasingly real prospects for the U.S. Department of Interior’s Bureau of Land Management (BLM) issuing new rules for hydraulic fracturing (fracking) and combating gas flaring on oil/natural gas operations on federal lands, officials in North Dakota on Wednesday said they are skeptical about the federal agency's ability to oversee industry operations. Read More

Oneok Bakken Base Grows; $3.6B in Gathering, Processing

Tulsa, OK-based Oneok Partners LP footprint will continue to grow in North Dakota by another 400 MMcf/d of gas processing capacity now under construction to supplement an earlier 300 MMcf/d of new capacity at three separate locations, Oneok executives told NGI's Shale Daily at the Williston Basin Petroleum Conference, which began Tuesday in Bismarck, ND. Read More