Whiting Petroleum Corp. has two agreements in hand to expand its operated leasehold in the Bakken Shale, and it has raised its capital budget for 2022. Management of the Denver-based independent said Tuesday the agreements entail acquiring nonoperated assets in the Bakken’s Sanish field from two undisclosed private companies for $273 million total. “These transactions…
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U.S. Drilling Activity Rises on Strength of Williston Growth, Says Baker
Driven by strong growth in the Williston Basin, the U.S. oil and gas rig count climbed three units to 613 during the week ended Friday (Feb. 4), according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Gains in the United States included two oil-directed rigs and one natural gas-directed unit.…
MPLX Targets Growth in Bakken, Marcellus and Permian
MPLX LP on Wednesday highlighted the top three destinations for the midstreamer’s capital spending program this year: the Bakken and Marcellus shale formations, and the Permian Basin. “In 2022, the majority of capital is expected to be directed at opportunities in the Marcellus, Permian and Bakken, where we are focused on high capital return projects”…
Hess Ramping Up Bakken Production as Oil Demand, Prices Rise
U.S. independent Hess Corp. expects production from its Bakken Shale assets to grow 6-9% in 2022 to 165,000-170,000 boe/d. The New York-based producer is ramping up Bakken activity after adding a third rig last September. Previously it had slashed its rig count from six to one because of the coronavirus pandemic. A fourth rig could…
Locus Bio-Energy Looking to Bring Sustainable Oil Production to Williston and Beyond
Using biosurfactants in enhanced oil recovery (EOR) yields benefits from an environmental, social and governance (ESG) perspective, according to Creedence Energy Services, which has plans for the compounds in the Williston Basin. “The Williston Basin holds a vast reserve of trapped oil,” said President Kevin Black. “In fact, most experts suggest only 10-15% of oil…
North Dakota Oil, Natural Gas Production Slips in October
Oil and natural gas production in North Dakota, home to the Bakken Shale, slipped in October versus September. Department of Mineral Resources (DMR) director Lynn Helms issued the monthly Director’s Cut on Friday, which provides information about all of the wells capable of producing, as well as permit activity. Natural gas production in October averaged…
More Drilling Equals Fewer Undiscovered Reserves in Bakken, Three Forks, Says USGS
The Williston Basin’s Bakken and Three Forks formations within Montana and North Dakota contain substantial natural gas and oil reserves yet to be discovered, but extensive drilling since 2013 has reduced the overall amount, according to the U.S. Geological Survey (USGS). Researchers in the latest report, as in the one published in 2013, assessed the…
Permian, Haynesville to Spur Natural Gas Production Growth in January, Says EIA
The Permian Basin and Haynesville Shale will keep domestic natural gas production growing into the new year, according to updated modeling from the Energy Information Administration (EIA). In its latest monthly Drilling Productivity Report (DPR), EIA said it expects natural gas production from seven key U.S. regions — the Anadarko, Appalachia and Permian basins, alongside…
North Dakota Minimizing Natural Gas Flaring Even as Production Rebounds, EIA Says
The rate of natural gas flaring by producers in North Dakota declined to an average of 7.5% this year through September, bringing the level of gas burned at the wellhead of the production site below the state’s target for 2021, a new federal report showed. North Dakota set a gas capture goal to keep flaring/venting…
North Dakota’s Bakken Natural Gas, Oil Production Rises in September
Oil and natural gas production in North Dakota, home to the Bakken Shale, rose in September over August. Department of Mineral Resources (DMR) director Lynn Helms issued the monthly Director’s Cut on Tuesday, which provides information about all of the wells capable of producing, as well as permit activity. Natural gas production in September averaged…