Posts in development
North Dakota 'just won the geology lottery.'

Oil exec estimates the Bakken reserves hold 30 to 40 billion barrels of recoverable oil

Read More
Industrial real estate market tight

Oilfield companies who waited on seeking a position in the Bakken likely to face a premium for that choice.

Read More
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.

Read More
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.”

Read More
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.

Read More
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.

Read More
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.

Read More
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).

Read More
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

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
Oasis CEO says Bakken still early innings

When Taylor Reid, president and Chief Operating Officer of Bakken pure-play operator Oasis Petroleum Inc., is asked how long the oil production and development will happen in the Williston Basin, he responds with a baseball analogy. The Bakken is still “in the early innings,” Reid said. For Oasis, it appears the game is just getting good. “2013 was a really good year for us,” he said.

Read More
Bakken crude breakeven prices as low as $58/bbl in 2014 -report

(Reuters) - New efficient drilling practices may drive breakeven rates in the best areas of the Bakken shale oil play as low as $58 per barrel, Wood Mackenzie said on Tuesday, far lower than the traditional $70 per barrel figure frequently touted by analysts.

Read More