Bakken

Whiting Petroleum Corp. is building its presence in the Williston Basin by purchasing some acreage in North Dakota and Montana, the Denver-based operator said Tuesday.

While rail transport of crude oil is getting a lot of attention these days, railroads are playing a bigger part in the U.S. domestic energy expansion, as BNSF Railway Co.’s $4.3 billion capital budget for 2013 indicates.

While rail transport of crude oil is getting a lot of attention these days, railroads are playing a bigger part in the U.S. domestic energy expansion, as BNSF Railway Co.’s $4.3 billion capital budget for 2013 indicates.

The future of continued robust growth in railing domestic crude oil supplies has come into question following the Quebec oil tanker car derailment in July, but the transporters don’t see a slowing trend longer term.

Despite record daily production levels, overall oil and natural gas production in North Dakota leveled off in June compared with May, the state Department of Mineral Resources said Thursday.

The shale revolution is stimulating a large-scale infrastructure buildout and record levels of capital spending — in the railroad industry.

Rail transport of oil is in for a long-term ride in moving burgeoning U.S. crude supplies and other liquids, according to Rick Bott, president of Oklahoma-based Continental Resources Corp., the largest producer in the Bakken Shale, where railroad shipments in recent months have accounted for more than 70% of the oil moved to market (seeShale Daily,July 11).

After capturing a healthy and growing share of Canadian natural gas consumption with shale production from the United States, exploration and production companies are poised to repeat the feat in oil markets.

Private equity (PE) continues to put a bead on funding U.S. exploration and production (E&P) companies, and there appears to be a lot more money available than ever before, unconventional operators said at the Colorado Oil & Gas Association’s Rocky Mountain Energy Summit in Denver.