williston

Bakken, Permian Seen Driving 300,000 b/d of Lower 48 Oil Supply Cuts Through June

Bakken, Permian Seen Driving 300,000 b/d of Lower 48 Oil Supply Cuts Through June

The Williston and Permian basins are expected to drive at least 300,000 b/d of shut-in oil supply from Lower 48 operators during May and June, up from about 100,000 b/d of cuts projected for April, according to new analysis by Rystad Energy.

April 29, 2020
4Q2019 Earnings: $40 Oil Enough For WPX in 2020, Management Says

4Q2019 Earnings: $40 Oil Enough For WPX in 2020, Management Says

WPX Energy Inc. expects to generate positive free cash flow (FCF) in 2020, even if oil prices fall to $40/bbl, CFO J. Kevin Vann said during the recent fourth quarter 2019 earnings call.

March 3, 2020

Outrigger Deal with XTO to Expand Bakken Midstream Infrastructure

Private midstreamer Outrigger Energy II LLC has agreed to provide long-term natural gas gathering and processing services to a subsidiary of supermajor ExxonMobil Corp. to assist in developing Williston Basin assets in North Dakota.

January 7, 2020
Oasis to Use Williston Cash Flow to Fund Permian Delaware Activity in 2019

Oasis to Use Williston Cash Flow to Fund Permian Delaware Activity in 2019

Oasis Petroleum Inc. said it expects production to be essentially flat entering into 2019, and plans to use cash flow from its assets in the Williston Basin to fund a small outspend in the Permian’s Delaware sub-basin.

February 28, 2019

Oasis Adding Williston Rig Next Month, Prepping for 2019 Field Development

Houston-based Oasis Petroleum Inc. said it plans to add a fifth operated rig to the Williston Basin next month, and will target multiple zones of the Permian Basin’s Wolfcamp and Third Bone Spring formations for development next year, where it also may add a third rig next summer.

November 20, 2018
QEP Selling Williston Assets for $1.7B as Permian Takes Priority

QEP Selling Williston Assets for $1.7B as Permian Takes Priority

QEP Resources Inc. has secured a deal to sell its Montana and North Dakota assets in the Williston Basin to Vantage Energy Acquisition Corp.

November 7, 2018

Oneok Plans $1.05B in NGL, Natural Gas Infrastructure Projects

Oneok Inc. plans to construct additional infrastructure to handle growing natural gas and natural gas liquids (NGL) volumes from its U.S. operations, including a fractionator in Texas, a gas processing facility to serve the Williston Basin and an NGL pipeline extension and expansion in the Midcontinent.

September 26, 2018

Oasis Bumps Up Capex, Production Guidance While Getting Settled in Permian’s Delaware

Oasis Petroleum Inc. said it plans to spend an additional $80 million this year on capital expenditures (capex) in the Williston Basin, home to most of its assets, as it looks to take advantage of existing infrastructure and better price differentials than those in the Permian Basin’s Delaware sub-basin, where it holds fewer assets and takeaway capacity is constrained.

August 8, 2018
Whiting to Keep Some DJ Basin Assets; Add Williston Acreage

Whiting to Keep Some DJ Basin Assets; Add Williston Acreage

Denver-based Whiting Petroleum Corp.’s CEO Brad Holly on Wednesday said his company has pulled some of its Denver-Julesburg (DJ) Basin assets from the sales block and added nearly 55,000 net acres in the Williston Basin as its drilling teams continue to set new records for shortening well completion times.

August 2, 2018

Oasis Unloads Package of Williston Basin Assets for $283M

Oasis Petroleum Inc. has signed two separate agreements to sell 65,000 net acres in the Williston Basin for $283 million as part of a broader push to monetize noncore assets there this year.

June 26, 2018
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