Denver-based Kodiak Oil & Gas Corp., which is focused on the Bakken Shale in North Dakota’s Williston Basin, grew oil and gas sales volumes by 83% during the second quarter compared to a year ago; crude oil accounted for 87% of second quarter sales. The company has raised capital spending and production guidance for the remainder of the year.
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Gulfport’s Strong Results in Utica Continue
Gulfport Energy Corp. smashed its natural gas, oil and liquids production records in 2Q2013 with total output at 815,300 boe, with the Utica Shale the outstanding contributor. A year earlier the operator produced a total of 663,300 boe.
July 24, 2013
Kodiak Completes Bakken, Three Forks Acreage Acquisition
Denver-based Kodiak Oil & Gas Corp. has completed its acquisition of 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC. The deal included core Bakken and Three Forks producing properties in addition to undeveloped leaseholds.
July 15, 2013
Traders Circumspect About Collapsing Northeast Basis; Futures Ease
Cash natural gas prices Friday for Monday delivery followed the lead of Thursday’s futures and fell 16 cents on average. Almost all points fell into the loss column, and only a few market points escaped double-digit losses.
July 1, 2013
Northeast, East Lead Cash Lower, But Futures Swoon
Physical natural gas overall fell 2 cents in Thursday’s trading, but that followed the typical Thursday script of traders getting their deals done prior to the release of Energy Information Administration (EIA) inventory data.
June 28, 2013
Indiana Supreme Court Will Hear SNG Case
The Indiana Supreme Court announced Thursday that it will hear a case involving a 30-year contract for the state to purchase coal-to-substitute natural gas (SNG) from a proposed $2.8 billion gasification plant in southwestern Indiana.
June 11, 2013
Ohio Governor Revives Severance Tax Proposal
In an effort to revive his plan to levy new severance taxes on hydraulic fracturing (fracking) and natural gas liquids (NGL), Ohio Gov. John Kasich has proposed giving 25% of the tax proceeds to 33 counties in the state’s Appalachian region, home to Ohio’s Utica Shale drilling.
June 11, 2013
Kodiak Acquires Acreage, Production in Williston Basin
Kodiak Oil & Gas Corp. has agreed to purchase 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC.
June 4, 2013
BP Now ‘Carefully Pruned,’ Readying for Growth, Says Dudley
BP plc Group CEO Bob Dudley on Thursday said 2013 will be a “year of execution,” to build financial reserves, followed by a “year of delivery” as it prepares to launch a portfolio of 45 major upstream projects to 2020.
April 15, 2013
BP Now ‘Carefully Pruned,’ Readying for Growth, Says Dudley
BP plc Group CEO Bob Dudley on Thursday said 2013 will be a “year of execution,” to build financial reserves, followed by a “year of delivery” as it prepares to deliver a portfolio of 45 major upstream projects to 2020.
April 12, 2013
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