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…
Tag / Williston Basin
SubscribeWilliston Basin
Articles from Williston Basin
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…
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…
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…
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…
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…
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…
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…
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…
North Dakota Touts $2.8B GTL Plant, with Construction Starting in 2023
North Dakota has approved initial support for a $2.8 billion gas-to-liquids (GTL) plant envisioned for Trenton in Williams County, in the heart of the Williston Basin. The North Dakota Development Fund (NDDF) is providing $3 million in initial development capital to project sponsor Cerilon GTL Inc., Gov. Doug Burgum’s office said. NDDF provides flexible funding…