Williston Basin

Devon Bolts On Williston Leasehold in $865M RimRock Deal

Devon Bolts On Williston Leasehold in $865M RimRock Deal

Devon Energy Corp. has agreed to purchase RimRock Oil and Gas LP’s Williston Basin leasehold interest and related assets for $865 million.  “This bolt-on acquisition is highly complementary to our existing position and is immediately accretive,” said CEO Rick Muncrief. The deal with RimRock, a portfolio company formed in 2016 by private equity giant Warburg…

June 10, 2022
North Dakota Oil, Natural Gas Activity at Two-Year High Despite Labor Shortage

North Dakota Oil, Natural Gas Activity at Two-Year High Despite Labor Shortage

North Dakota’s tally of active oil and natural gas drilling rigs and hydraulic fracturing (frack) crews has risen to levels not seen since the start of the pandemic, the state’s top oil and gas regulator said Friday. The rig count stood at 40 as of Friday, the highest since March 2020, North Dakota Department of…

May 19, 2022
Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Equity Partners LP said its acquisition of Oasis Midstream Partners LP, coupled with robust natural gas and oil prices, helped it drive strong first-quarter results. The Houston-based company expects continued momentum. It said key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware and Powder River Basins in the second…

May 2, 2022
Empire Expands Reach in North Dakota with Williston Acquisitions

Empire Expands Reach in North Dakota with Williston Acquisitions

Empire Petroleum Corp. has boosted its holdings in North Dakota by expanding its existing interests in the Williston Basin and entering a play in the Birdbear formation. The Tulsa-based exploration and production company completed acquisitions earlier this month from an undisclosed firm for an undisclosed price. The deal could increase Empire’s net production in North…

April 21, 2022
Whiting, Oasis to Join Forces in Bakken Through ‘Merger of Equals’

Whiting, Oasis to Join Forces in Bakken Through ‘Merger of Equals’

Bakken Shale independents Whiting Petroleum Corp. and Oasis Petroleum Inc. have agreed to join forces in a “merger of equals” transaction, the companies said Monday. “The combined company will have a premier Williston Basin position with top tier assets across approximately 972,000 net acres, combined production of 167,800 boe/d, significant scale and enhanced free cash…

March 7, 2022
Abraxas Emerges as Permian Delaware Pure-Play, with Angelo Gordon Fund in Control

Abraxas Emerges as Permian Delaware Pure-Play, with Angelo Gordon Fund in Control

With a private equity (PE) infusion, Abraxas Petroleum Corp. is ready to restart oil and natural gas development in the Permian Basin as a Delaware pure-play, the San Antonio, TX-based independent said Monday. The company, which has faced financial issues over the last couple of years, said it completed a strategic review to consider its…

January 3, 2022
Locus Bio-Energy Looking to Bring Sustainable Oil Production to Williston and Beyond

Locus Bio-Energy Looking to Bring Sustainable Oil Production to Williston and Beyond

Using biosurfactants in enhanced oil recovery (EOR) yields benefits from an environmental, social and governance (ESG) perspective, according to Creedence Energy Services, which has plans for the compounds in the Williston Basin. “The Williston Basin holds a vast reserve of trapped oil,” said President Kevin Black. “In fact, most experts suggest only 10-15% of oil…

December 21, 2021
Inclusive Energy Gains Williston Foothold for OFS Across Canada, U.S. Region

Inclusive Energy Gains Williston Foothold for OFS Across Canada, U.S. Region

Calgary-based Inclusive Energy Ltd. has secured a market for its oilfield services (OFS) with an agreement to fund drilling in the northeastern corner of the Williston Basin, both in the United States and Canada. The agreement announced Wednesday by the oilfield services (OFS) company is to provide services in Manitoba and Saskatchewan, as well as…

December 17, 2021
Williston, DJ Basins See Higher Drilling Activity as Baker Tally Inches Higher

Williston, DJ Basins See Higher Drilling Activity as Baker Tally Inches Higher

Including activity increases in the Denver Julesburg-Niobrara and the Williston Basin, the U.S. rig count inched two units higher to 544 for the week ended Friday (Oct. 29), according to the latest figures from Baker Hughes Co. (BKR). Net increases of one oil-directed rig and one natural gas-directed rig for the period left the combined…

October 29, 2021
Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover

Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover

Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48’s prized oil basins.  The deal expands Crestwood’s midstream footprint in the Williston Basin and the Permian Basin’s Delaware sub-basin. The firms said…

October 26, 2021
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