Technology Leads Way To Bigger Profits In The Bakken | Oil and Gas Investor

While increasing oil prices and fewer regulations have led to a resurgence in the Bakken, improved technologies since the last boom could lead to more production and the ability to move product to market even faster this time around.

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Stable and steady makes the Bakken attractive to investors

“To emphasize my point, the Permian right now is the leading play and gets most of the attention from industry. However, there are some major tradeoffs to growing that much and that fast. We think that’s where Bakken operators and Bakken investors can look to find opportunities and to capitalize on some of those tradeoffs that there are in the Permian.”

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No doubt about it: Bakken is back

In May, the North Dakota oil and gas industry set a new production record, hitting 1.244 million barrels of oil per day (bopd). In 18 months, production has grown by more than 300,000 bopd, from 942,156 bopd in December 2016. It's hard to believe that only ten years ago, in May 2008, the state's production totaled only 156,420 bopd.

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Construction begins on Davis Refinery site

Meridian Energy Group announced Tuesday it is starting site construction for the Davis Refinery near Theodore Roosevelt National Park.

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The Bakken Better than Ever

Emerging from the downturn, optimism from Bakken-industry players highlights why most see the play as another opportunity waiting to happen.

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Stein's law says oil prices will rise: Kemp

“If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998).

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Saudi Arabia may go broke before the US oil industry buckles

It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise

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Oil holds above $64 before U.S. supply report, eyes on Iran

LONDON – Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.

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KLJ reports on positive effects from decrease in oil prices

This time last year, he said, wells that were yielding 3,000-3,500 were considered “very good.” But innovation has occurred since then, which suggest re-fracking may be feasible.

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North Dakota posts surprising jump in oil output in March

North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices.

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Fall in the oil price has not curbed fracking nearly as much as expected

There is little sign of a bust in America’s shale basins, where horizontal drilling and hydraulic fracturing (fracking) have led to a boom in oil and gas production in the past five years.

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TransCanada Plans to Seek U.S Approval for new Pipeline

The company behind the Keystone XL pipeline plans to ask the U.S. government to permit a new and different pipeline project.

Despite the yearslong fight over Keystone XL, TransCanada Corp. will apply to the U.S. State Department to build a 200-mile pipeline from North Dakota’s booming oil fields across the border into Canada to connect to another proposed pipeline, according to a person briefed on the plan.

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Oil's State of the State Williston ND

WILLISTON — Bakken shale looks like black marble, and marble, as we all know, releases no oil. For a long time, most industry experts believed that Bakken shale was a lot like black marble. It would forever be too expensive to draw out the solid Kerogen materials and create from it flowing black gold.

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Lunnen Real Estate – Father Son Real Estate Duo

When Tom Lunnen first came to Williston three years ago his experience was not, by most standards, ideal. His hotel room was overpriced, he could not get a table at Applebee’s, to get to Wal-Mart he had to park a block away from it, and once inside it took him nearly an hour to buy allergy medicine. Moreover there were “trucks going in every direction” and countless construction sites. 

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Jeff LunnenComment
Following long ban, U.S. could dominate global light oil supply

After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.

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Bakken Oil Boom now a generational oil play

WILLISTON - Any thoughts that the pace in the Bakken oil patch has slowed down over the past few years, can be eliminated.  "We're breaking records everyday," noted Tom Rolfstad, Executive Director of Williston Economic Development.

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