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Bakken Shale

BNSF Chief: More than Ever, Crude Rides the Rails

BNSF Chief: More than Ever, Crude Rides the Rails

The shale revolution is stimulating a large-scale infrastructure buildout and record levels of capital spending — in the railroad industry.

August 15, 2013

Magellan Prepping Williston Basin EOR Pilot Program

Magellan Petroleum Corp. recently received permits from the U.S. Bureau of Land Management (BLM) to drill five wells on its leases at Poplar Dome in Roosevelt County, MT. The permits were the final requirement before the company can begin drilling for its CO2-enhanced oil recovery (EOR) pilot program.

August 13, 2013

Rail Will Have Long-Term Role in Oil, Continental Exec Says

Rail transport of oil is in for a long-term ride in moving burgeoning U.S. crude supplies and other liquids, according to Rick Bott, president of Oklahoma-based Continental Resources Corp., the largest producer in the Bakken Shale, where railroad shipments in recent months have accounted for more than 70% of the oil moved to market (seeShale Daily,July 11).

August 12, 2013

Enbridge Pipe Reversal to Deliver U.S. Shale Oil to Canadian Refineries

After capturing a healthy and growing share of Canadian natural gas consumption with shale production from the United States, exploration and production companies are poised to repeat the feat in oil markets.

August 12, 2013
New Marathon CEO: ‘Running Room’ in Bakken, Eagle Ford

New Marathon CEO: ‘Running Room’ in Bakken, Eagle Ford

At a torch-passing of sorts Wednesday, both outgoing and incoming CEOs for Marathon Oil Corp. had plenty to say about the Bakken and Eagle Ford shale plays, but new CEO Lee Tillman spoke more loudly about future opportunities during a second quarter earnings conference call in which results were said to be up sharply.

August 9, 2013

EOG Increases Production Growth Estimate on Eagle Ford Strength

Production of crude oil, condensate, natural gas liquids (NGL) and other liquids was up 30% in 2Q2013 at EOG Resources compared with 2Q2012, and the Houston-based company expects significant increases to come in the full year 2013.

August 8, 2013

North Dakota Cracks Down on Improper Wellsite Waste Dumping

Levying the largest civil penalty ever — $1.5 million — for an oil and natural gas violation, the North Dakota Industrial Commission (NDIC) last Wednesday found a small operator, Halek Operating ND LLC, guilty of violating state standards for disposing of salt water, a byproduct of oil production, in an injection well.

August 7, 2013

WPX Adds San Juan Basin to Growing List of Targets

WPX Energy has achieved its second exploratory success of the year, this time from the Mancos Gallup Sandstone formation in the oil window of Northwest New Mexico’s San Juan Basin, company management said during an earnings conference call.

August 7, 2013
Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips

Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips

ConocoPhillips saw its combined production in the Permian Basin, Eagle Ford and Bakken shales nearly double during 2Q2013, and it expects to see future growth from its holdings as it transitions to multi-well pad drilling and experiments with tighter well spacing and hydraulic fracturing (fracking) stages.

August 5, 2013
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