Bakken Shale

Natural gas production outpaced oil in North Dakota’s Bakken Shale during March, according to the state Dakota Department of Mineral Resources (DMR). Gas production was 89.2 Bcf (2.8 Bcf/d), compared to 75.7 Bcf (2.7 Bcf/d) in February. Oil production totaled 34.3. million bbl (1.1 million b/d) from 30.3 million bbl (1.08 million b/d).  The state…

North Dakota, the nation’s second largest oil-producing state, will strive to become carbon-neutral by decade’s end, Gov. Doug Burgum said Wednesday. At the Williston Basin Petroleum Conference in Bismarck, Burgum cited the global energy sustainability effort that North Dakota intends to join. He encouraged the oil and gas industry representatives in the audience to support…

Canadian independent Enerplus Corp. reported lower year/year production for the first quarter but it is poised to resume growing output in the Bakken Shale of North Dakota following a pair of recent acquisitions. Natural gas production for the firm, which also has assets in the Marcellus Shale, dropped to 255.7MMcf/d in the first three months…

Despite a pullback in the natural gas patch, gains in oil-directed drilling lifted the U.S. rig count five units higher to 453 for the week ended Friday (May 14), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for the week, which was…

Continental Resources Inc. and Energy Transfer LP executives said Wednesday the future prospects for the Bakken Shale are strong, and they expect the Dakota Access Pipeline (DAPL) to continue to serve the region’s oil producers.   Speaking at the Williston Basin Petroleum Conference in Bismarck, ND, Continental Executive Chairman Harold Hamm and Energy Transfer CEO Kelcy…

Harping on the need for storage to meet critical demand during Winter Storm Uri, Oneok Gas Transmission is gauging market interest in more than 1 Bcf of incremental firm storage capacity at its West Texas natural gas storage facilities. Management for the Oklahoma midstream company said the natural gas pipelines segment fetched $105 million in…

Lower 48 producer Northern Oil & Gas Inc. saw its 1Q2021 output climb over the previous three months as more curtailments were eased in the Bakken Shale and well productivity improved. The company, which has positions in the Bakken, the Marcellus Shale and the Permian Basin, reported overall production of 38,417 boe/d for the first…

Bakken Shale producer Whiting Petroleum Corp. posted higher 1Q2021 revenues despite lower production as commodity prices strengthened. Output declined in the first quarter to 8.1 million boe from 8.44 million boe in 4Q2020. Natural gas production totaled 10.3 Bcf compared to 10.7 Bcf in 4Q2020, while natural gas liquids (NGL) output rose slightly to 1.56…

Hess Corp. is considering adding a third rig in the second half of 2021 in the Bakken Shale of North Dakota if oil prices remain strong, executives said during an earnings call. Adding a fourth rig in the future “would get output to 200,000 b/d and make the Bakken a $1 billion/year free cash flow…