williston

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.

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.

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.

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.

Denver-based Whiting Petroleum Corp. said it plans to deploy a fifth drilling rig in the Williston Basin and is moving forward with a possible sale of some assets in the Denver-Julesburg (DJ) Basin in Colorado.

QEP Resources Inc. management said it broke production records in the Permian Basin during the first quarter, but it plans to drop to a four-rig drilling program in May, even as it raises overall production guidance for the remainder of the year.

Doubling down on a goal to get more oily, Denver-based QEP Resources said last week it plans to become a Permian Basin pure-play by divesting its assets in the Williston Basin and Haynesville Shale.

A gain of four natural gas-directed drilling rigs in the United States for the week ended Friday couldn’t make up for declines in oil-directed drilling, and the U.S. rig count fell by one to end at 935, according to data compiled by Baker Hughes Inc. (BHI).

Houston independent Halcon Resources Corp. has agreed to take $1.4 billion for its Williston Basin properties to focus exclusively on the Permian Basin’s Delaware formation in West Texas.