Million

Newly formed exploration company Teal Natural Resources LLC recently received capital commitments totaling $125 million from two private investment firms.

With the number of uncompleted wells continuing to rise in the Bakken Shale, it is doubtful the 1 million b/d production level can be maintained into next year, North Dakota chief oil/natural gas official Lynn Helms said Thursday in releasing the state’s latest production statistics.

With the number of uncompleted wells continuing to rise in the Bakken Shale, it is doubtful the 1 million b/d production level can be maintained into next year, North Dakota chief oil/natural gas official Lynn Helms said Thursday in releasing the state’s latest production statistics.

Halcon Resources Corp. dropped down to one operated rig in the Williston Basin during the first quarter, but it could deploy another in East Texas if crude oil prices recover. Production has declined but so have operating expenses.

Halcon Resources Corp. dropped down to one operated rig in the Williston Basin during the first quarter, but it could deploy another in East Texas if crude oil prices recover. Production has declined but so have operating expenses.

Rice Energy Inc. and its affiliates continued to expand their midstream operations in the Appalachian Basin during the first quarter, with throughput in Ohio increasing 309% and in Pennsylvania 50% compared to year-ago levels.

For the second time this year Continental Resources Inc. executives raved about the performance of three wells targeting the Meramec formation within Oklahoma’s stacked reservoirs. But despite record production, the company also reported a net loss of more than $198 million for the first quarter.

Houston-based Occidental Petroleum Corp. (Oxy) senior executives have chosen to stay focused on their game plan and the company’s brightest star, the Permian Basin in West Texas and New Mexico.

Houston-based Noble Energy Inc. during the first three months of this year delivered cost reductions across the board, while its U.S. natural gas-rich production, led by the Denver-Julesburg (DJ) and Permian basins, outperformed.