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North Dakota Reports ‘Five-Alarm Fire’ as Production Tumbles

Bakken Shale

North Dakota Reports ‘Five-Alarm Fire’ as Production Tumbles

Calling it a “five-alarm fire,” North Dakota’s chief oil and gas regulator on Friday reported record oil and gas production declines during May among a sea of inactive or under-active Bakken Shale wells. May oil production fell 30% to 26.6 million bbl (858,000 b/d), compared to 36.6 million bbls (1.2 million b/d) in April. Natural…

July 20, 2020
U.S. Adds One Natural Gas Rig as Oil Count Slides

Infrastructure

U.S. Adds One Natural Gas Rig as Oil Count Slides

The U.S. natural gas rig count climbed one unit to finish at 76 for the holiday-shortened week ending Thursday (July 2), while declines in the Permian Basin led a modest drop-off in the oil patch, according to the latest numbers from Baker Hughes Co. (BKR). After accounting for a three-rig decline in oil-directed rigs, the…

July 2, 2020
U.S. Drops One Natural Gas Rig, Oil Paces Small Gain in BHI’s Count

E&P

U.S. Drops One Natural Gas Rig, Oil Paces Small Gain in BHI’s Count

The United States dropped one natural gas-directed rig as an uptick in oil activity led to a small increase in Baker Hughes Inc.’s tally for the week ended Friday.

July 27, 2018

Eagle Ford Shale

BHP Billiton Lauds Eagle Ford, But Cuts Capex For 2014

Australia’s BHP Billiton Ltd. said the Eagle Ford Shale has become the largest producing field in its petroleum and potash division for the year ending June 30, but the company plans to scale back its rig count and spend less on capital expenditures (capex) in the United States in 2014.

August 21, 2013
Overall North Dakota Oilfield Activity Levels Off

Bakken Shale

Overall North Dakota Oilfield Activity Levels Off

Despite record daily production levels, overall oil and natural gas production in North Dakota leveled off in June compared with May, the state Department of Mineral Resources said Thursday.

August 16, 2013
New Marathon CEO: ‘Running Room’ in Bakken, Eagle Ford

Bakken Shale

New Marathon CEO: ‘Running Room’ in Bakken, Eagle Ford

At a torch-passing of sorts Wednesday, both outgoing and incoming CEOs for Marathon Oil Corp. had plenty to say about the Bakken and Eagle Ford shale plays, but new CEO Lee Tillman spoke more loudly about future opportunities during a second quarter earnings conference call in which results were said to be up sharply.

August 9, 2013