Producers in North Dakota’s Bakken Shale play are beginning to come to grips with operating without the Dakota Access Pipeline (DAPL) that is now under court order to shut down and be drained by early August. The immediate challenges are how to move up to 300,000 b/d to Gulf Coast refineries, and longer term up…
Articles from Bakken Shale
The U.S. District Court for the District of Columbia has ordered Energy Transfer LP to temporarily halt operations on the Dakota Access Pipeline (DAPL) within the next 30 days while an environmental impact statement (EIS) on the crude oil line is completed. The stoppage order was handed down on Monday when the court vacated the…
Posting its smallest weekly decline in months, the U.S. rig count dropped one unit to finish at 265 for the week ending Friday (June 26), suggesting that upstream activity could finally be stabilizing after a prolonged period of Covid-induced retrenchment. According to the latest Baker Hughes Co. (BKR) data, total U.S. natural gas-directed rigs finished…
After curtailing output by 70% in May in response to a pandemic-driven market downturn, Continental Resources Inc. said Thursday it would bring some production back in July, although about 50% of output is to remain offline.
North Dakota is keeping a wary eye on the continuing legal challenges facing the Dakota Access Pipeline (DAPL), which carries 40% of the daily oil supplies from the prolific Bakken Shale.
Although Bakken Shale oil and natural gas prices in North Dakota have begun to recover, production continues to plummet at a historic pace, according to Department of Mineral Resources director Lynn Helms.
Northern Oil and Gas Inc. has signed a definitive agreement with WPX Energy Inc. to build its Williston Basin portfolio with the $1.5 million cash purchase of about 320 acres.
U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline
The Permian Basin in May reported the largest monthly decline in oil and gas permits ever, down 47% from April, as applications by large-cap operators fell to their lowest levels in history, off by almost three-quarters, Evercore ISI said Tuesday.
The oil market may begin to recover next month, but U.S. midstream companies still face a “challenging” environment as cash flow, low pipeline utilization and other factors may stall a return to financial health, according to Wood Mackenzie.
The first pilot leveraging blockchain technology was successfully completed on five Equinor ASA wells in North Dakota’s Bakken Shale, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium said Wednesday.