Bakken Shale

Reporting U.S. and overall production growth of 33% and 17%, respectively, EOG Resources senior executives talked bullishly on a 2Q2014 conference call Tuesday about new and existing shale plays with an emphasis on liquids-rich crude oil. They expressed no interest in new dry natural gas plays, citing current low domestic prices.

A final third-party report on the characteristics of light, sweet oil from the Bakken/Three Forks region again shows that the supplies from North Dakota are not more volatile or flammable than other crude oils.

Calumet Specialty Products LP said it has acquired substantially all of the assets of one of its competitors, privately-held Specialty Oilfield Solutions Ltd. (SOS), in a cash deal valued at $30 million.

The stacked pay potential of the Midland Basin’s Wolfcamp Shale has been attracting increasing producer interest and investment, and that’s predicted to grow substantially as the play is further developed, according to Wood Mackenzie.

A Columbia, MD-based combustion technology company on Wednesday touted yet another proposed wellsite solution to North Dakota’s seemingly intractable flaring problem as part of a presentation at the power conference of the American Society of Mechanical Engineers (ASME) in Baltimore.

Halcon Resources Corp. continued making gains on drilling and completion efficiencies in the second quarter, mainly in the Williston Basin, where the Bakken/Three Forks Shale accounted for more than half of its record-breaking 42,055 boe/d.

Denver-based SM Energy Co. executives on Wednesday released early positive results from new Eagle Ford Shale well completion techniques and detailed an acquisition of Bakken/Three Forks acreage that is adjacent to land where the company has experienced faster drill times and better completions.

ConocoPhillips reported 1.59 million boe/d of production in 2Q2014, a 6.5% increase year-over-year, and the Houston-based oil independent’s Eagle Ford and Bakken shale wells once again had the lion’s share of the growth.

Tulsa, OK-based Oneok Partners LP on Wednesday outlined plans for investing up to $785 million over the next two years to build natural gas and natural gas liquids (NGL) processing, compression and pipelines to move Bakken Shale-produced supplies from the Williston Basin in North Dakota.