Trends suggest that operators are using their DUCs as a more capital efficient means of tapping production, rather than using them to grow production For the past year, discussions in the oil and gas industry have been focused on asking what role drilled uncompleted wells, or DUCs, will play in the industry’s recovery. Most analysts have predicted a rapid reduction
“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report Whiting Petroleum Corporation’s (ticker: WLL) geoscience team has taken a macro-approach by taking a microscopic view of the way oil flows through the rocks in the Bakken-Three Forks oil play. The new knowledge that Whiting’s geoscientists are gaining from a large scale, high-tech project in its core lab
Lynn Helms gives insight on North Dakota oil patch During a conference call yesterday, Lynn Helms, director of North Dakota’s Department of Mineral Resources, told reporters that production in the state will likely fall below the 1 MMBOPD mark by the end of this year. Assuming crude oil prices remain relatively the same next year, North Dakota production could go
“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report It’s a tough market for the oil companies, but Whiting Petroleum Corporation (ticker: WLL) has figured something out. While oil and gas companies across the planet are battling a commodities price environment in which a barrel of oil fetches 70% less than it did 18 months
In its yearend earnings release, Earthstone Energy (ticker: ESTE) reported average daily production of 2,416 BOEPD, a 20% increase over 2013; it reported oil, natural gas, and NGL sales of $47.6 million, a 61% increase over 2013, Adjusted EBITDAX of $28.5 million, representing a 121% increase over 2013, and PV-10 of $344.8 million, a 175% increase from 2013. Frank A. Lodzinski, President
CALGARY, ALBERTA–(Marketwired – April 1, 2015) – DEETHREE EXPLORATION LTD. (“DeeThree” or the “Company“) (TSX:DTX)(OTCQX:DTHRF) is pleased to announce results from its latest Alberta Bakken horizontal well 11-20-3-16 W4M. This is the first well designed specifically to optimize the Company’s ongoing gas re-injection Enhanced Oil Recovery (“EOR”) scheme. The 2,000 meter horizontal lateral well was drilled in the base of
Northern’s New Website Tells the “One Step Ahead of the Drill Bit” Story with Jumbo Graphics, Maps and Aerial Photography Northern Oil and Gas, Inc. (ticker: NOG), is an independent oil and gas producer that has one of the largest non-operated leasehold positions in the Williston Basin. Northern controls almost 185,000 net mineral acres in the heart of the Bakken and
After offering an extension to attract more commitments, Enterprise decides not to move ahead on project In a two sentence release from the company today, Enterprise Products Partners (ticker: EPD) announced that it would not be moving forward with its proposed Bakken-to-Cushing crude oil pipeline. The project was initially announced September 4 of this year by the company, which said
A Montana judge will consider a plea agreement Wednesday that calls for a Colorado man to plead guilty to killing a high school teacher and burying her in a shallow grave in the Bakken oil patch.
Albany Two commissioners in the Cuomo administration are urging the North Dakota governor to back proposed rules that would make crude oil from that state’s Bakken field less explosive before it is shipped on rail cars, thousands of which are arriving at the Port of Albany. Environmental Conservation Commissioner Joe Martens and Transportation Commissioner Joan McDonald wrote Tuesday to North …
Local firefighters warned Bergen County officials on Monday that they don’t have the manpower, equipment or expertise required should there be an accident involving trains carrying millions of gallons of volatile Bakken crude oil that pass through their towns every day.
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