bakken – Page 6 – Oil & Gas 360

U.S. Energy Corp. Holding Diversified Working Interests

June 28, 2017

U.S. Energy Corp. (ticker: USEG) has multiple working interests with companies in the Bakken and Three Forks formations and throughout Texas and Louisiana. The company produced 50,628 BOE during 2016, and has projected that it will produce approximately 49,885 BOE during the course of 2017. Bakken/Three-Forks In the Williston basin, USEG partnered with Brigham Exploration Company to conduct exploratory work

Brazos County Well and New Eagle Ford Acreage Spell Growth For Lonestar Resources

June 28, 2017

Lonestar Resources (ticker: LONE) has made unconventional resource plays its bread and butter with its focus in the Eagle Ford and the Bakken. Bakken resource evaluation Lonestar has 28,655 net acres within the Bakken formation located in northern Montana, where the company was, as of the end of Q1, 2017, conducting resource evalution. Eagle Ford acquisition Lonestar nearly doubled its

Earthstone Energy Inc. Taking Advantage of its Midland Assets

June 16, 2017

Capitalizing on the Midland acquisition Midland-Eagle Ford-Bakken producer Earthstone Energy (ticker: ESTE) isn’t slowing down. With 66.1 MMBOE in reported proven reserves and 9,515 BOEPD average production in 2017, Earthstone is moving forward on a growth plan that’s being fueled by five Permian wells in progress as of May. Earthstone completed a business combination with Bold Energy III LLC in

Granite Oil: Drilling Alberta Bakken, EOR to Shallow Declines

June 14, 2017

Granite Oil Corp. (ticker: GXO) has established its operational core in the Bakken siltstone play, located in southern Alberta. The company is focused on further developing the play’s enhanced oil recovery (EOR) operations and on building additional profile on the western portion of the play. In its Bakken play, Granite holds approximately 350,000 acres with 100% working interest. Granite currently

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

May 23, 2017

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million. The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) producing approximately 140 Boe/d net from 50 Eagle Ford wells and one Austin Chalk well. Yuma also announced that on May 19, 2017 the lenders under its

Round Two: OPEC vs. U.S. Shale

May 18, 2017

OPEC will meet to decide on further production cuts next week, but will their efforts be ruined by the power of U.S. shale producers? OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed to production cuts last November. In total, the OPEC group targeted production

Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD

May 8, 2017

Northern anticipates more production growth in 2H 2017 Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD. Northern’s business model is as a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. Northern operates under a capital allocation model that calls

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

February 21, 2017

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors to kick the tires of about 40 publicly traded independent oil and gas companies

Whiting Petroleum Reboots its Balance Sheet to Pre-Kodiak Levels

December 12, 2016

Whiting’s debt for equity swap puts $721 million in the bank; company looks to ramp Bakken development in 2017 Whiting Petroleum Corp. (ticker: WLL) announced today that it gave notice to mandatorily convert $716.8 million of outstanding mandatory convertible notes into shares of common stock on December 19, 2016. Last Friday, the company’s stock traded above $8.75 per share for

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

November 22, 2016

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

The Number of DUCs in the U.S. Climbs in October

November 14, 2016

The EIA reported the number of uncompleted wells rose for the first time since July The Energy Information Administration (EIA) released its monthly Drilling Productivity Report Monday. The November report forecasts that both oil and gas production in the United States will decline by 20 MBOPD and 94 MMcf/d, respectively, and also noted that the number of drilled but uncompleted

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

ConocoPhillips Shifts Capital into the Bakken and Eagle Ford in a Late 2016 Move

October 27, 2016

COP adding 5 rigs in the Bakken and Eagle Ford in Q4 2016 The world’s largest independent E&P, ConocoPhillips (ticker: COP), reported a third-quarter 2016 net loss of $1.0 billion, or ($0.84) per share today. But the company snagged its analysts’ attention in today’s conference call when executives disclosed that it had shifted capital from deepwater and large projects into two U.S. shale basins. In its

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