Bakken

Hess Boosts Activity in Bakken on Commodity Price Strength

Hess Boosts Activity in Bakken on Commodity Price Strength

U.S. independent Hess Corp. has added a third rig in the Bakken Shale and may consider a fourth next year amid continued commodity price strength. The New York-based producer is ramping up Bakken activity after curtailments last year from the coronavirus. Net production from the Bakken was 148,000 boe/d in the third quarter compared with…

October 29, 2021
Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues

Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues

U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions — the Anadarko, Appalachia and Permian basins, along…

October 18, 2021
Comstock to Exit Bakken for $154M, Boost Gassy Haynesville Completions

Comstock to Exit Bakken for $154M, Boost Gassy Haynesville Completions

Comstock Resources Inc. plans to fund a boost in completions activity at its Haynesville Shale assets in Louisiana and Texas using the proceeds from selling properties in North Dakota. The Frisco, TX-based independent said Thursday it would exit the Bakken Shale, selling its assets to Northern Oil & Gas Inc. for $154 million in cash.…

October 8, 2021
Enerplus Skims Off Some Williston Oil, Gas Properties in $115M Sale

Enerplus Skims Off Some Williston Oil, Gas Properties in $115M Sale

Calgary-based Enerplus Corp. is selling off a small bundle of oil and natural gas interests in Montana and North Dakota for $115 million, but the Williston Basin remains a priority, the CEO said.   Stakes are being sold in Montana’s Sleeping Giant field and North Dakota’s Russian Creek area of the Williston, home to the Bakken…

September 1, 2021
Lower 48 Associated Gas Output Broke Yearslong Uptrend in 2020, EIA Says

Lower 48 Associated Gas Output Broke Yearslong Uptrend in 2020, EIA Says

Associated natural gas production from U.S. onshore oil plays fell in 2020, marking the first year/year decline in output since 2016, the Energy Information Administration (EIA) said in a research note published Monday. Production of associated gas from the Permian and Anadarko basins, as well as from the Bakken, Eagle Ford and Niobrara shales, fell…

August 23, 2021
Ranger Further Expands Wireline Footprint with PerfX Acquisition

Ranger Further Expands Wireline Footprint with PerfX Acquisition

Ranger Energy Services Inc. has further boosted its wireline presence in the Lower 48 following the acquisition of PerfX Wireline Services, its second takeover since May.  The Houston-based oilfield services company said last week it had acquired Minot, ND-based  PerfX in an all-stock deal. The deal follows the acquisition of Patriot Completions Solutions LLC in…

July 12, 2021
Bakken Pipeline Expected to Help North Dakota Production, Natural Gas Capture

Bakken Pipeline Expected to Help North Dakota Production, Natural Gas Capture

A Bakken Shale natural gas pipeline project is expected to increase North Dakota’s efforts to raise production and reduce flaring, according to the director of the state’s Pipeline Authority. MDU Resources Group Inc.’s pipeline unit, WBI Energy Inc. earlier this month received approval for an expansion project to build the North Bakken pipeline. Construction should…

June 18, 2021
North Dakota Reports Higher Natural Gas Production, Lower Flaring in March

North Dakota Reports Higher Natural Gas Production, Lower Flaring in March

Natural gas production outpaced oil in North Dakota’s Bakken Shale during March, according to the state Dakota Department of Mineral Resources (DMR). Gas production was 89.2 Bcf (2.8 Bcf/d), compared to 75.7 Bcf (2.7 Bcf/d) in February. Oil production totaled 34.3. million bbl (1.1 million b/d) from 30.3 million bbl (1.08 million b/d).  The state…

May 17, 2021
Enerplus Expects Bakken Production to Grow After Acquisitions

Enerplus Expects Bakken Production to Grow After Acquisitions

Canadian independent Enerplus Corp. reported lower year/year production for the first quarter but it is poised to resume growing output in the Bakken Shale of North Dakota following a pair of recent acquisitions. Natural gas production for the firm, which also has assets in the Marcellus Shale, dropped to 255.7MMcf/d in the first three months…

May 14, 2021
Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Resources Inc. plans to pivot from natural gas to oil-directed drilling in the latter half of 2021 in response to strengthening crude prices and a tighter supply-demand balance. Drilling in 2021 is to be mainly focused on the South Central Oklahoma Oil Province (SCOOP) and the mighty Bakken Shale of North Dakota, management said…

May 5, 2021
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