Monday, December 23, 2024

Oil Comes Back to Life in Canada

Canada is expecting a 31% increase in the number of wells drilled in 2017: CAODC Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors (CAODC) is forecasting a year-over-year increase in the number of wells drilled in Canada. Companies will drill 4,175 wells net

Whiting Looks to Pay Down Debt, Increase Drilling with Midstream Sale

Whiting Petroleum announces $375 million sale of Bakken midstream assets Whiting Petroleum Corp. (ticker: WLL) announced that it has entered into an agreement to sell its 50% stake in two Bakken natural gas processing facilities. The sale of the facilities, one of which is in Mountrail County, North Dakota, and the gas processing plant and associated natural gas, crude oil