Williston Basin – Oil & Gas 360

Phoenix Capital Group reports strong well performance, record growth in Williston basin

October 21, 2024

(World Oil) – Phoenix Capital Group has announced significant results from its latest wells in the Williston Basin, North Dakota. Since becoming an operator in the region in September 2023, Phoenix has rapidly expanded its footprint, now managing 37 gross operated wells, with 26 currently in production. Most of the wells are less than a year old, marking Phoenix’s swift

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

Devon Energy announces bolt-on acquisition in the Williston Basin

June 9, 2022

Oil and Gas 360 OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The transaction is

Enerplus agrees to acquire Williston Basin operator, enhancing value for shareholders and accelerating free cash flow generation; provides preliminary 2020 results and 2021 guidance

January 26, 2021

Oil and Gas 360 CALGARY, AB , Jan. 25, 2021 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today announced that it has entered into a definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for total cash consideration of US$465 million (the “Acquisition”). KEY HIGHLIGHTS Core

U.S. shale bust slams rural economies as oil checks shrivel

May 22, 2020

Reuters DeWITT COUNTY, Texas – Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments. The worst oil bust in decades has slashed the

Northern Oil and Gas Founder to Depart

August 2, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Michael Reger, Northern Oil and Gas president and founder, will leave the company amicably Northern Oil & Gas (stock ticker: NOG), a non-operating E&P, has announced that Michael Reger, its president, founder and chairman emeritus, will be departing the company amicably to pursue other opportunities. Reger, however, will continue to serve

Conference Spotlight: Williston Basin Presenters

July 17, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 The Oil and Gas Conference’s Williston Basin presenters cumulatively produce 633,800 BOEPD From August 11-14, Oil & Gas 360’s parent company – EnerCom – will host its 24th annual The Oil and Gas Conference® at the Westin Downtown Hotel in Denver, Colorado. This event offers investment professionals the opportunity to hear

Northern Oil and Gas Provides Q4 2018 Update

January 22, 2019

Northern Oil and Gas, Inc. (stock ticker: NOG) updated its stock repurchase program and provided a general business update with new fourth quarter estimates and hedging information. Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019. Production for the fourth

Samson Oil and Gas Sells Williston Assets

June 27, 2018

Upon completion, Samson will be able to retire all of its debt, meet liabilities and retain $6.7 million Samson Oil and Gas USA, Inc. a subsidiary of Samson Oil and Gas Limited (ASX:SSN and OTCQB:SSNYY), has entered into a Sales agreement with EDF Trading for Samson’s Foreman Butte Project located in the Williston Basin in North Dakota and Montana, effective

WPX Energy: Daily Production 76% Higher than Year Ago

May 3, 2018

WPX Energy, Inc. (ticker: WPX) reported a net loss of $119 million, or $(0.30) per common share for the first quarter of 2018. Production for the quarter reached 102.7 MBOEPD, a 6% sequential increase over Q4 2017 and 76% higher than Q1 2017. WPX had oil volumes of 65,800 BOPD. WPX completed 36 gross operated wells (34 net) in its

Oasis Petroleum Doubles Down in the Williston Basin

February 28, 2018

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act. For the full year of 2017, Oasis reported net income attributable to Oasis of $123.8 million. The company produced 73,207

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

February 23, 2018

Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an estimated average annual production of 128,400 BOEPD. In the Williston Basin alone, production is forecasted to grow 14% from Q4

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