North Dakota’s latest production statistics show a new record for average daily natural gas production and a near record-breaking daily average for oil, but an unexpected surge in April — the most recent month for which there are complete statistics — left state oil and gas officials scratching their heads.
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Bakken Natural Gas Flaring High Priority for North Dakota, Industry
Record associated natural gas production from the Bakken Shale’s continuing oil boom in North Dakota remains a top concern for both the industry and the state, executives said last week.
Bakken Differentials in Sweet Spot, Says Whiting CEO
Price differentials are becoming increasingly favorable for Bakken Shale crude oil versus other major U.S. basins, Whiting Petroleum Corp. CEO Brad Holly said last week.
Water Disposal Looms as Challenge After Bakken’s Next Growth Phase, State Official Says
Although there are plenty of near-term challenges tied to robust natural gas production and takeaway infrastructure in the Bakken Shale, water disposal in North Dakota is poised to emerge as a major and costly challenge in the longer-term, according to the state’s chief oil and gas regulator.
Continental Profits Surge in 1Q; SCOOP Development Launched
Higher oil prices drove a surge in profits and revenues for Continental Resources Inc. in the first quarter, as the company kicked off an ambitious multi-year oil development program targeting Oklahoma’s myriad stacked reservoirs.
North Dakota PSC Approves One Bakken NGL Pipeline, Sets Hearing For Another
The North Dakota Public Service Commission (PSC) has given its approval to an application for one natural gas liquids (NGL) pipeline and set a hearing to debate another later this month.
North Dakota Reconsidering Inactive Well Policy
North Dakota, home to the Bakken Shale, may revise its policy for inactive oil and gas wells, which now allows one year before penalties can be imposed on operators.
Change Looms in North Dakota Bakken For Rigs, Gas Market, Officials Say
With oil prices now in the mid-$50/bbl range, a new landscape in North Dakota’s Bakken Shale play has emerged with operators moving more rigs out to the fringes and the market for natural gas products being re-energized, according to top state energy officials.
North Dakota Reports Better Oil Prices, Production
North Dakota rolled into this winter’s freeze on a high for both production and prices, but state officials said Tuesday oil price downside risks are expected to last through the year, after the Organization of the Petroleum Exporting Countries extended production cuts.
North Dakota Sets New Production Records, But Future Infrastructure Problematic
North Dakota officials on Friday reported monthly records for oil and natural gas production, tempered with nagging concerns about growth outpacing the build-out of more takeaway infrastructure, particularly for gas, in the nation’s second largest oil producing state.