North Dakota

Bakken Shale Natural Gas Prices ‘In the Tank’ as Production Rebounds From Winter Storm Shut-ins

Bakken Shale Natural Gas Prices ‘In the Tank’ as Production Rebounds From Winter Storm Shut-ins

Bakken Shale natural gas prices remain at pandemic-era lows amid an overall softening of the North American market, according to North Dakota’s Department of Mineral Resources (DMR). The price of natural gas delivered to TC Energy Corp. and Oneok Inc.’s Northern Border pipeline system at Watford City, ND, stood at $2.08/Mcf as of Wednesday (March…

March 17, 2023
Winter Storm, Sub-Zero Temperatures Hammer North Dakota Oil, Natural Gas Production

Winter Storm, Sub-Zero Temperatures Hammer North Dakota Oil, Natural Gas Production

A winter storm last week shut in an estimated 300,000-400,000 b/d of oil production in North Dakota, and producers now must contend with bone-chilling temperatures as they attempt to restart operations, according to the state’s Department of Mineral Resources (DMR). “If you’ve been dreaming of a white Christmas, you’ve come to the right place,” DMR’s…

December 21, 2022
North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota reported record high natural gas production of 3.18 Bcf/d in September, up 2.8% from August, according to the latest data from the state’s Department of Mineral Resources (DMR). Producers captured and marketed 3.02 Bcf/d or 95% of the total, another all-time record amid efforts to curb routine gas flaring, said DMR’s Lynn Helms,…

November 18, 2022
North Dakota Oil, Natural Gas Production Flat as Bakken Operators in Maintenance Mode

North Dakota Oil, Natural Gas Production Flat as Bakken Operators in Maintenance Mode

North Dakota’s natural gas production averaged 3.09 Bcf/d in August versus 3.1 Bcf/d in July, according to the latest figures from the state’s Department of Mineral Resources (DMR).  The slight dip was mainly because of a processing plant outage, DMR’s Lynn Helms, Oil and Gas Division director, told reporters.  The natural gas capture rate held…

October 17, 2022
Hess, Nabors, Halliburton to Fund North Dakota Tribal Apprenticeship Program

Hess, Nabors, Halliburton to Fund North Dakota Tribal Apprenticeship Program

The North Dakota Tribal College System (NDTCS) is partnering with three leading oil and gas companies on an apprenticeship program to develop a homegrown workforce in the energy sector and other trades. Persistent labor shortages have plagued the Williston Basin, home to the mighty Bakken Shale, one of the Lower 48’s major oil and gas…

September 26, 2022
North Dakota Markets Record Natural Gas Volumes, Reports Three-Year Permitting High

North Dakota Markets Record Natural Gas Volumes, Reports Three-Year Permitting High

North Dakota posted a 1.5% month/month increase in natural gas production and a record high volume of gas captured in July, despite a 2.5% decline in oil output.  Natural gas production averaged 3.1 Bcf/d, of which 3 Bcf/d or 94% was captured and sent to market while the remaining 6% was flared off, according to…

September 19, 2022
North Dakota Natural Gas Production Surges as Capture Rate Holds Steady

North Dakota Natural Gas Production Surges as Capture Rate Holds Steady

Natural gas production in North Dakota swelled by 9.7% in June versus May to 3.06 Bcf/d, while oil production rose 3.5% to 1.1 million b/d, according to the latest figures from the North Dakota Industrial Commission (NDIC). The increases reflect a full recovery from disruptions caused by April snowstorms, as well as strong market fundamentals…

August 19, 2022
Oil, Natural Gas Activity Creeping Upward in North Dakota as Labor Challenges Persist

Oil, Natural Gas Activity Creeping Upward in North Dakota as Labor Challenges Persist

Active drilling rigs, hydraulic fracturing crews and drilling permits all are creeping upward in North Dakota, though workforce challenges remain a hindrance to faster growth, the state’s top oil regulator said Tuesday (July 19). North Dakota had 42 active rigs as of Tuesday (July 19), which also was the monthly average for June. This is…

July 25, 2022
Haymaker Lands Oil and Natural Gas Mineral, Royalty Package Spanning Four States

Haymaker Lands Oil and Natural Gas Mineral, Royalty Package Spanning Four States

An affiliate of Haymaker Minerals & Royalties III has closed a deal to acquire mineral and royalty interests in “thousands of wells” across 30 counties and parishes in Louisiana, Montana, North Dakota and Texas. “This acquisition fits perfectly within the Haymaker strategy of acquiring diversified mineral portfolios valued at greater than $100 million,” said Haymaker’s…

July 11, 2022
North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

News that Continental Resources Inc. may be taken private should come as no surprise, according to North Dakota’s top oil and gas regulator. Continental is the largest producer in the oily Bakken Shale, which accounts for 96% of the state’s production. Executive Chairman Harold Hamm announced he is seeking to purchase all outstanding shares in…

June 17, 2022
‹ Previous 1 2 3 8