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Bakken Shale

North Dakota Oil Production Could Hit 1.6M b/d by 2017

North Dakota Oil Production Could Hit 1.6M b/d by 2017

North Dakota’s robust oil production is racing toward the 900,000 b/d level and could hit 1.6 million b/d by 2017, but with that growth the state will face stiffer challenges in terms of the growth of infrastructure.

October 1, 2013
North Dakota Aims to Accelerate Flaring Cuts

North Dakota Aims to Accelerate Flaring Cuts

Following an upswing in the percentage of associated gas being flared in the most recent monthly oil/natural statistics, albeit due to gas processing and electric grid breakdowns, North Dakota state officials are stepping up their efforts to speed up the reduction of flaring, which again hangs at 30%. The state wants new programs or rules in place early next year.

September 18, 2013
North Dakota Regains Mojo with Record Production

North Dakota Regains Mojo with Record Production

After a small slump in past monthly statistics reports, North Dakota regained its record-setting production, setting new highs for natural gas/oil production, wells and permitting in its most recent monthly totals for July. Gas production increased by 4% and oil jumped 6.4% month over month.

September 17, 2013

Tallgrass Interstate Gets OK to Convert Segment to Crude

FERC Thursday approved Tallgrass Interstate Gas Transmission LLC’s (previously Kinder Morgan Interstate Gas Transmission LLC) proposal to sell a 432-mile mainline segment to affiliate Tallgrass Pony Express for the purpose of converting it to transport crude oil from the Bakken and Denver-Julesburg/Niobrara shales.

September 16, 2013

Continental Readies for Big Bounce in Bakken, SCOOP

Oklahoma City’s Continental Resources Inc. is preparing for a 26-32% increase in oil and natural gas production in 2014, CEO Harold Hamm said Tuesday.

September 12, 2013

SaskEnergy, Mistral JV to Build Bakken NGL Plant

A SaskEnergy subsidiary and Calgary-based Mistral Midstream Inc. have formed a joint venture (JV) to build a facility in southeast Saskatchewan to extract ethane and other hydrocarbons from natural gas from the Bakken formation being transported on the SaskEnergy system.

September 9, 2013

Natural Gas Flaring a Global Concern, Says World Bank Report

A small increase in natural gas flaring worldwide was detected in 2011, the most recent year for which statistics are compiled, and that increase concerns officials at a World Bank-led global partnership focused on the oilfield issue.

September 6, 2013
Oasis Grows Williston Position by Nearly 50% for $1.52B

Oasis Grows Williston Position by Nearly 50% for $1.52B

Oasis Petroleum Inc. is acquiring 161,000 net acres in the Williston Basin for nearly $1.52 billion in four separate transactions, which will grow its Williston position to 492,000 net acres with 43,000 boe/d of production and 215.6 million boe of proved reserves.

September 6, 2013

ASTM Proposes Frack Standard on Data Management, Reporting

More than one year after creating a subcommittee to study hydraulic fracturing (fracking) and develop a consensus for best practices, ASTM International has proposed a new standard for data management and reporting that would cover oil and gas operations in shale plays.

September 4, 2013
Whiting Adds to Bakken War Chest

Whiting Adds to Bakken War Chest

Whiting Petroleum Corp. is building its presence in the Williston Basin by purchasing some acreage in North Dakota and Montana, the Denver-based operator said Tuesday.

August 28, 2013