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North Dakota’s record-setting oil production pace has provided an economic boost that has increased sevenfold since 2004, reaching $30.4 billion in 2011, according to a study released by North Dakota State University (NDSU).

Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.

Continental Resources Inc. plans to double the number of drilling rigs it has targeting a legacy shale play in Oklahoma in 2013, and it will increase development and exploratory drilling in the Bakken Shale as it looks to maintain its reign as North Dakota’s top oil producer.

Continental Resources Inc. plans to double the number of drilling rigs it has targeting a legacy shale play in Oklahoma in 2013, and it will increase development and exploratory drilling in the Bakken Shale as it looks to maintain its reign as North Dakota’s top oil producer.

Texas crude oil production during November was up from a year ago while natural gas production declined; during December, oil well completions were up while gas well completions declined, and the number of drilling permits issued was down from a year ago, according to the latest figures from Railroad Commission of Texas (RRC).

PetroQuest Energy Inc. said Monday it has closed on the sale of its assets in the Fayetteville Shale for about $9.2 million as it shifts its focus to production of natural gas liquids (NGL) from other plays, including the Woodford Shale and the Mississippian Lime formation.

The number of original drilling permits issued in Texas during November declined from one year ago, as did the amount of natural gas produced from Texas wells during October compared to a year ago, according to Railroad Commission of Texas (RRC) figures.

The number of original drilling permits issued in Texas during November declined from one year ago, as did the amount of natural gas produced from Texas wells during October compared to a year ago, according to Railroad Commission of Texas (RRC) figures.

Despite a decided turn toward more winter-like weather in a number of regions of the United States on Monday, the expected decrease in natural gas demand tied to the Christmas Holiday proved to be enough to send nearly all pricing points lower, with a majority of the declines recorded across the country coming in at more than a dime.