North Dakota – Oil & Gas 360

North Dakota oil output estimated down up to 160,000 bpd, state regulator says

February 20, 2025

(BOE Report) – North Dakota oil production was estimated to be down between 130,000 and 160,000 barrels per day (bpd) as of Thursday morning due to the recent extreme cold and related operational challenges, the state’s pipeline authority said. Associated wellhead natural gas production was estimated to be down 0.37-0.45 billion cubic feet per day, said Justin Kringstad, director of

Empire Petroleum doubles revolver loan commitment to support North Dakota production

November 27, 2024

(World Oil) – Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. Currently, Empire has approximately $8.4 million borrowed on the $20.0 million facility. The loan is secured by assets from two of

Permian, Bakken drilling rigs spur “record” U.S. oil production forecast on longer laterals

August 29, 2024

World Oil (Bloomberg) – Oil rigs in the Permian and Bakken basins of the U.S. are producing at the most efficient rates in about 13 years, leading Macquarie Group analysts to predict the country’s crude production will top most consensus views. Rigs in the Midland basin of Texas and New Mexico drilled an average of 47 miles of horizontal lateral

Zephyr Energy progresses oil drilling in Utah, reports production shut-ins in North Dakota

February 12, 2024

World Oil (WO) – Rocky Mountain oil and gas company Zephyr Energy plc provided an update on its project in the Paradox basin, Utah, and its non-operated project in the Williston basin, North Dakota. Paradox project. Zephyr’s operations team continues to progress planning for the forthcoming “twinned” redrill of the State 36-2 well. In late 2023, to ensure an optimal

North Dakota oil production climbing back faster than anticipated

January 26, 2024

Oil Price North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by authorities, new data from the state’s regulator showed on Friday. Crude oil production in the Peace Garden State is now down by between 30,000 and 80,000 bpd after extreme cold led to operational challenges. Associated natural gas production—the natural

Freezing temperatures in U.S. shut in over half of North Dakota’s oil production

January 17, 2024

World Oil (Bloomberg) – Freezing temperatures sweeping the U.S. shut in more than half of North Dakota’s oil production and curbed refinery operations in Texas. The outage in the second-largest U.S. shale basin briefly lifted West Texas Intermediate futures. Physical oil prices also rose on the Gulf Coast as Midwest refiners seek alternatives to North Dakota’s Bakken oil. As much

North Dakota’s aging Bakken shale field “holding back” U.S. oil production

February 8, 2023

World Oil (Bloomberg) – North Dakota’s Bakken shale field — once the largest and busiest American shale patch — is showing signs of age, threatening to hold back U.S. oil production as the world thirsts for more crude. Mature wells that are producing more gas than expected are hurting crude output from the Bakken, the Energy Information Administration said in

North Dakota sues federal govt over canceled oil and gas leasing

July 8, 2021

Reuters NEW YORK – North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state. The complaint, filed late Wednesday with the United States District Court for the District of North Dakota Western Division, said March and June auctions nixed by

More energy is used per person for transportation in states with low population density

August 31, 2020

EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,

North Dakota crude oil production fell in May beyond natural declines

August 20, 2020

EIA Between December 2019 and May 2020, crude oil output in North Dakota fell from an average of 1.5 million barrels per day (b/d) to 0.9 million b/d, a decline of more than 615,000 b/d (41.6%). This production decline is greater than it would have been if producers solely halted new drilling and allowed production from current wells to naturally

Court orders Dakota crude pipeline shutdown, in win for Native American tribes in long-running saga

July 6, 2020

CNBC A district court ruled Monday the Dakota Access Pipeline must shut down within 30 days, by August 5, according to a copy of the brief obtained by USA Today. The U.S. District Court for the District of Columbia scrapped a key permit from the Army Corps of Engineers, and ordered the pipeline to end its three-year run of delivering

President and CEO of Panhandle Oil and Gas Resigns

August 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,

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