By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day
Bakken-focused PetroShale Inc. (ticker: PSH) released financial and operating results for the year-ended December 31, 2017. Production averaged 2,121 BOEPD in the fourth quarter and 2017 production averaged 2,445 BOEPD, an increase of 50% over 2016. Financially, PetroShale reported 2017 revenues of $44.0 million (an increase of 89% over 2016) and 2017 EBITDA of $21.2 million (an increase of 123%
PetroShale Announces Significant Production Increase and Core Area Property Acquisition
PetroShale Inc. (ticker: PSH) has commenced drilling two (1.7 net) wells on its operated Primus unit in Antelope during the third quarter of 2017. PetroShale operates primarily in the Bakken/Three Forks play in North Dakota. As of September 2017, the company has 57-78 future net drilling locations (depending on the spacing) and approximately 4,946 net acres. The company also commenced
PetroShale: could double production in the next 3-4 months At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with PetroShale (ticker: PSH) President & CEO Mike Wood. PetroShale’s acquisitions have focused on drilling opportunities in the geological ‘sweet spot’ of the Bakken oil play at the Ft. Berthold Indian Reservation.
PetroShale Breakout Notes Mike Wood, president and CEO of PetroShale, (ticker: PSH) presented today at EnerCom’s The Oil & Gas Conference® 22. PetroShale is a Calgary based E&P company with partnerships among several operators in the Bakken/Three Forks area. The company is beginning production out of its first operated well in 2017. During the company’s breakout session, management was asked
PetroShale (ticker: PSH) holds multiple assets throughout the Bakken/Three Forks plays. The company is partnered with several Bakken operators and has 64,500 gross (4,136 net) acres. Across this acreage, the company holds 49 net potential drilling locations—representing approximately $450 million in drilling inventory, the company reported. PetroShale produced an average of 3,349 BOEPD during its first quarter of 2017. Its
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