Bakken Shale

Anti-Flaring Sentiment Strong in the West, Poll Shows

A strong majority of potential voters in four western states support government mandates for oil/natural gas operators to greatly cut amounts of flared wellhead associated gas... Read More

Bakken Rail Crude Shipments Likely Strong Into 2016, Fitch Says

With significant new pipeline capacity not likely before some time in 2016, burgeoning Bakken crude oil production in North Dakota will continue... Read More

Magnum Hunter Steadily Selling Off Bakken Assets

Magnum Hunter Resources Corp. keeps whittling away at its North Dakota portfolio, announcing late Thursday another deal to sell more of its nonoperated Bakken Shale assets, this time divesting 12,500 net acres for $84.7 million to a large undisclosed independent. Read More

Weather, Completions Gave SM Energy 3Q Production Pains

Implementation of its enhanced completion program in the Eagle Ford Shale and weather-related delays in the Williston Basin caused SM Energy Co. to turn in disappointing third quarter production results. Read More

Oxy Mum on Williston Sale Rumors, Cites Ongoing Strategic Review

Exactly a year after it said parts of its 2.5 million acres in the Midcontinent could be up for sale, a Houston-based Occidental Petroleum Corp. (Oxy) spokesperson refused to comment Thursday on rumors in North Dakota that Oxy was selling all of its more than 330,000 acres in the Williston Basin for an asking price of $3 billion. Read More

NRP Expands Bakken Holdings in Kaiser-Francis Deal

Natural Resource Partners LP (NRP) has agreed to pay Kaiser-Francis Oil Co. $340 million to increase its oil and gas holdings in the Bakken/Three Forks formation of the Williston Basin. Read More

Bakken Sandpiper Pipeline Delayed a Year, Enbridge Says

A proposed pipeline project for moving swelling supplies of Bakken crude oil in North Dakota has hit a roadblock in neighboring Minnesota, causing its sponsor, Canadian-based Enbridge Energy Partners LP, to report Wednesday that the project will be delayed at least a year. Read More

Magnum Sells Non-Op Assets in North Dakota for $23M

Continuing its push to divest non-core assets across the country in favor of its properties in the Utica and Marcellus shales, Magnum Hunter Resources Corp. has completed the sale of its non-operated working interests in Divide County, ND, for more than $23 million. Read More

Rail, Pipe Jostling to Continue in Bakken, Texas Energy Center Says

The competition between rail and pipelines for moving Bakken sweet light crude oil in North Dakota will continue to be brisk, driven by... Read More

Pony Express Weighing Expansion Into Colorado, Wyoming

Tallgrass Pony Express Pipeline LLC is proposing to more than double the capacity of its crude oil pipeline system by expanding into several areas of Colorado and Wyoming, including the Denver-Julesburg (DJ) Basin, the Niobrara and Codell formations, the Bakken Shale and the Powder River Basin. Read More