Ultimately the market will decide, but some industry stakeholders in North Dakota think the time may be fast approaching for the establishment of a Bakken crude oil price point, according to recent testimony to a state interim legislative committee examining the state’s energy future.
Bakken
Articles from Bakken
North Dakota Sets More Production Highs; Big Oil Price Drop
North Dakota reported Friday it again has set new all-time records for natural gas and oil production as the price of its much-sought-after light sweet crude oil took a nosedive, dropping $14/bbl compared to October prices, according to the latest statistics from the state Department of Mineral Resources (DMR).
November 15, 2013
Tesoro Ordered to Take Corrective Actions Following Bakken Oil Spill
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) Thursday issued a safety order to the Tesoro High Plains Pipeline in response to a recent rupture that resulted in a spill of Bakken crude oil in North Dakota.
November 4, 2013
Eagle Ford, Lower 48 Shales, Continue to ‘Excite’ ConocoPhillips
ConocoPhillips executives said most of the company’s production growth during 3Q2013 came from shale plays in the Lower 48 — especially the Eagle Ford and the Bakken — and predicted “significant growth and very high margin growth” from the Eagle Ford for several more years.
November 4, 2013
Oasis Cuts Drilling Costs with Efficiencies
Continued drilling efficiency improvements are driving record production growth in the Williston Basin’s Bakken Shale and helping to push down costs, according to top Oasis Petroleum executive.
October 4, 2013
Bakken Projected Growth Carries Price, Demand Questions
The Bakken has the potential to fill all of the current added demand for sweet crude, but the Eagle Ford Shale and the Permian Basin will have something to say about that, a North Dakota official said.
October 2, 2013
Tallgrass Interstate Gets OK to Convert Segment to Crude
FERC Thursday approved Tallgrass Interstate Gas Transmission LLC’s (previously Kinder Morgan Interstate Gas Transmission LLC) proposal to sell a 432-mile mainline segment to affiliate Tallgrass Pony Express for the purpose of converting it to transport crude oil from the Bakken and Denver-Julesburg/Niobrara shales.
September 16, 2013
Continental Readies for Big Bounce in Bakken, SCOOP
Oklahoma City’s Continental Resources Inc. is preparing for a 26-32% increase in oil and natural gas production in 2014, CEO Harold Hamm said Tuesday.
September 12, 2013
REX CEO Makes Case for Pipeline Flow Reversal
With up to 18 Bcf/d of natural gas supplies expected by 2018 from the Marcellus and Utica shales, the logical place to carry excess gas is west, according to Rockies Express Pipeline LLC (REX) CEO Bill Moler.
September 12, 2013
SaskEnergy, Mistral JV to Build Bakken NGL Plant
A SaskEnergy subsidiary and Calgary-based Mistral Midstream Inc. have formed a joint venture (JV) to build a facility in southeast Saskatchewan to extract ethane and other hydrocarbons from natural gas from the Bakken formation being transported on the SaskEnergy system.
September 9, 2013
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