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.
Articles from Bakken Shale
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.
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.
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.
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.
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.
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.
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.
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.