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Bakken Shale

MDU’s Bakken Natural Gas Conduit Gains FERC Approval

MDU’s Bakken Natural Gas Conduit Gains FERC Approval

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…

June 3, 2021
Bakken Looking to Grow Oil Reserves on EOR, Technology

Bakken Looking to Grow Oil Reserves on EOR, Technology

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…

May 25, 2021
DAPL Avoids Shutdown in Latest ‘Twist’ in Oil Pipeline Litigation

DAPL Avoids Shutdown in Latest ‘Twist’ in Oil Pipeline Litigation

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…

May 24, 2021
Ranger Builds Lower 48 Wireline Business with All-Stock Trade for Patriot

Ranger Builds Lower 48 Wireline Business with All-Stock Trade for Patriot

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…

May 20, 2021
Marathon Oil Sticking to 2021 Capex Even if Oil Prices Rise

Marathon Oil Sticking to 2021 Capex Even if Oil Prices Rise

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…

May 19, 2021
U.S. Oil, Gas Industry Said Ready to Thrive with Economic Stimulus, Fair Trade

U.S. Oil, Gas Industry Said Ready to Thrive with Economic Stimulus, Fair Trade

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…

May 18, 2021
EIA Modeling June Oil Production Growth on Strength of Permian Output

EIA Modeling June Oil Production Growth on Strength of Permian Output

Driven by the Permian Basin, oil production out of seven key U.S. onshore regions is set to grow from May to June, while natural gas production is on track to decline, according to the updated projections from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), EIA said it expects the Anadarko,…

May 17, 2021
North Dakota Reports Higher Natural Gas Production, Lower Flaring in March

North Dakota Reports Higher Natural Gas Production, Lower Flaring in March

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…

May 17, 2021
North Dakota Governor Sets Carbon-Neutral Goal by 2030

North Dakota Governor Sets Carbon-Neutral Goal by 2030

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…

May 16, 2021
Enerplus Expects Bakken Production to Grow After Acquisitions

Enerplus Expects Bakken Production to Grow After Acquisitions

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…

May 14, 2021