Bakken

Bakken’s Robust Production Threatened by Low Prices and Biden Presidency, North Dakota Officials Say

Bakken’s Robust Production Threatened by Low Prices and Biden Presidency, North Dakota Officials Say

North Dakota officials estimate that 25% of the Bakken Shale’s output could be negatively impacted by a change in energy policy under President-elect Joseph R. Biden Jr., threatening the 7,000 state-drawn, two-square-mile spacing units that contain all of the state’s future drilling sites. Nearly half (48%) of those units include federal-owned land and/or mineral rights,…

November 20, 2020
North Dakota Reaches 93% Natural Gas Capture Rate Amid Production Increases

North Dakota Reaches 93% Natural Gas Capture Rate Amid Production Increases

North Dakota’s operators have achieved a 93% natural gas capture rate statewide in September, when month/month oil and gas production increased.  In the state’s Bakken Shale, home of robust supplies of sweet light crude oil that is rich with associated gas, flaring has been excessive as production growth outpaced efforts to build sufficient midstream takeaway…

November 18, 2020
Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

U.S. explorers during October increased their oil and gas permit requests for the third month in a row, with an uptick in developing leaseholds on federal lands, according to Evercore ISI. The analyst firm each month provides data using state and federal sources regarding permits for oil and gas wells, plugging and abandoned (P&A) wells…

November 12, 2020
Hess Boosts Bakken Oil Production, but Maintaining Only One Rig Until WTI Prices Improve

Hess Boosts Bakken Oil Production, but Maintaining Only One Rig Until WTI Prices Improve

Hess Corp. said net production from its acreage in the Bakken Shale increased substantially in the third quarter, and it expects the full-year 2020 total to exceed year-earlier levels as the company weathers the pandemic’s demand shocks. The New York City-based independent said Wednesday Bakken net production rose 21% from a year earlier to 198,000…

October 29, 2020
Crestwood Sees Renewed Bakken, Permian Activity Driving 4Q Volumes

Crestwood Sees Renewed Bakken, Permian Activity Driving 4Q Volumes

Crestwood Equity Partners LP expects to finish out 2020 on record footing as a resumption of normal operations in core areas of the Bakken Shale and Permian Basin drive higher volumes of natural gas, oil and water. The Northeast also has “good potential for growth” as business in the challenging environment has stabilized, and prospects…

October 28, 2020
Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Despite anticipated increases in productivity per rig across seven key U.S. producing regions, overall oil and gas output from these areas is expected to fall across the board from October to November, according to updated numbers released Tuesday by the Energy Information Administration (EIA). The agency’s latest Drilling Productivity Report (DPR) projects that total natural…

October 13, 2020
North Dakota Rigs Exploring Potential for Oilfield Slurry Injections, CCS

North Dakota Rigs Exploring Potential for Oilfield Slurry Injections, CCS

North Dakota has two special rigs drilling in the Bakken Shale not included in the 10 reported in the July count that are exploring the potential for carbon capture and storage (CCS), as well as slurry fracture injections. A rig in Center is drilling a well to explore CCS prospects. Another rig in Johnsons Corner…

September 18, 2020
Dakota Access Operations Face ‘Little Risk’ For Now as Court Ruling Not Expected Until After Election

Dakota Access Operations Face ‘Little Risk’ For Now as Court Ruling Not Expected Until After Election

Parties to ongoing litigation challenging the continued operation of the Dakota Access Pipeline LLC (DAPL) have agreed to a schedule that would see the last brief filed in mid-December, raising the prospect that a ruling in the case won’t arrive until after the election. Lawyers in the case, between the Standing Rock Sioux Tribe and…

September 18, 2020
Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021

Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021

A substantial inventory in the Lower 48 of drilled but uncompleted wells, aka DUCs, could sustain drilling — without adding more wells — long into the coming year, according to a new analysis. “After DUCs run out, however, rig activity in the five key oil regions needs to be in the 280-300 range to maintain…

September 8, 2020
Energy Transfer, Army Corps Argue DAPL Facing ‘Impossible’ Standards, Roadblocks for Future Infrastructure

Energy Transfer, Army Corps Argue DAPL Facing ‘Impossible’ Standards, Roadblocks for Future Infrastructure

The three-year-old Dakota Access Pipeline (DAPL), which moves crude supply from North Dakota’s Bakken Shale, is facing pressure that puts “impossible” standards on any infrastructure development, according to the U.S. Army Corps of Engineers and sponsor Energy Transfer LP. The pipeline, completed in 2017 and carrying oil from the Bakken Shale of North Dakota since…

August 28, 2020
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