Bakken Shale

North Dakota exceeded its monthly production level projections for April, but it may be losing its bragging rights to New Mexico as the second largest oil producing state. Oil production was up 1% in April month/month to 33.6 million bbl, or 1.126 million b/d. Natural gas output grew at a 3.1% rate to 88.89 Bcf,…

Breaking from a prolonged downtrend that dates back to before the Covid-19 pandemic, natural gas output from seven key U.S. onshore regions is poised to grow from June to July, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the…

Breaking from a prolonged downtrend that dates back to before the Covid-19 pandemic, natural gas output from seven key U.S. onshore regions is poised to grow from June to July, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the…

The pipeline subsidiary of MDU Resources Group Inc. has received federal approval to build a pipeline expansion to transport natural gas from the Bakken Shale in North Dakota. FERC on Tuesday issued the certificate of public convenience and necessity for WBI Energy Inc.’s 250 MMcf/d North Bakken Expansion project. The project includes construction in western…

The Bakken Shale is coming back strong in the months ahead as producers secure more permits and boosted by improved technologies, according to North Dakota officials. North Dakota Department of Mineral Resources Director Lynn Helms said at the Williston Basin Petroleum Conference in Bismarck, ND, earlier this month that he had signed orders for another…

The Dakota Access Pipeline (DAPL) is free to keep flowing Bakken Shale oil while an environmental impact statement (EIS) is completed after a coalition of Native American Tribes failed in the first test for an injunction. U.S. District Court for the District of Columbia (DC) Judge James Boasberg last year axed a key permit for…

Houston-based Ranger Energy Services Inc. has agreed to swap stock for Patriot Completion Solutions LLC to expand its Lower 48 wireline business. Ranger provides well service rigs and associated oilfield services (OFS) for domestic onshore producers with a focus on unconventional well completions and production operations. Patriot, a portfolio company of White Deer Energy, offers…

Houston-based Marathon Oil Corp. will stick to its $1 billion capital expenditures (capex) budget in 2021 even if oil prices keep rising, according to management.  Assuming a $60/bbl West Texas Intermediate (WTI) oil price, the independent expects to generate $1.6 billion of free cash flow (FCF) this year, CEO Lee Tillman said during a call…

The U.S. oil and natural gas sector could thrive with federal stimulus packages and with the resumption of fair trade worldwide, a top Federal Reserve Bank (Fed) executive said Tuesday in North Dakota. Fed President Neel Kashkari of the Minneapolis branch spoke at the Williston Basin Petroleum Conference. He discussed the Biden administration’s proposed stimulus…