Bakken Shale

Whiting to Expand Operated Bakken Footprint, Pursue Modest Growth in 2022

Whiting to Expand Operated Bakken Footprint, Pursue Modest Growth in 2022

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…

February 8, 2022
U.S. Drilling Activity Rises on Strength of Williston Growth, Says Baker

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.…

February 4, 2022
MPLX Targets Growth in Bakken, Marcellus and Permian

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”…

February 4, 2022
Hess Ramping Up Bakken Production as Oil Demand, Prices Rise

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…

January 26, 2022
Locus Bio-Energy Looking to Bring Sustainable Oil Production to Williston and Beyond

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…

December 21, 2021
North Dakota Oil, Natural Gas Production Slips in October

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…

December 20, 2021
More Drilling Equals Fewer Undiscovered Reserves in Bakken, Three Forks, Says USGS

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…

December 16, 2021
Permian, Haynesville to Spur Natural Gas Production Growth in January, Says EIA

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…

December 13, 2021
North Dakota Minimizing Natural Gas Flaring Even as Production Rebounds, EIA Says

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…

December 9, 2021
North Dakota’s Bakken Natural Gas, Oil Production Rises in September

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…

November 18, 2021
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