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 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.
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.
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.
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.
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.
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.
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.
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.
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.