November

Cash and futures posted strong gains with nearly all points into the black, some in double-digits.

Natural gas for Thursday delivery rose 6 cents on average nationally on Wednesday as short-term weather forecasts continued to prove unrelenting in their call for unseasonably warm temperatures. Only a handful of points were in the loss column and many points were up a dime or more. Great Lakes locations were up about 4 cents and Midcontinent locations gained a couple of pennies to a little more than a nickel.

The seven-member city council in Fort Collins, CO, on Tuesday will decide how to handle a proposed five-year hydraulic fracturing (fracking) moratorium in the city — either through passage of an ordinance or letting local voters decide in a November ballot measure.

Officials in two Pennsylvania counties with significant oil and gas drilling that targets the Marcellus Shale say they support plans by the U.S. Geological Survey (USGS) to conduct baseline testing at private water wells in their counties next year.

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.

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.

A state-of-the-art terminal in northwestern Alberta to provide sand for unconventional drilling operations is set to open this November, Edmonton-based Di-Corp said Wednesday.

FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission’s proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.

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.