Tag: Bakken

How oil’s decline could spatter North Dakota

North Dakota’s petroleum industry could see a big tax cut if crude continues to slide, and if that happens, it means the state will be missing out on billions of dollars.  More »

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »

Enterprise abandons Bakken pipeline

The proposed line would have run 1,200 miles from the prolific oilfields of North Dakota to the oil transportation hub in Cushing, Oklahoma.  More »

EIA: US production to increase 115K barrels in January

Next month’s total will be nearly 2,000 bpd more than December’s rise.  More »

North Dakota regulators to vote on oil shipment rules

Oil industry officials have said the state already has proper regulations in place.  More »

Sub-$50 oil surfaces in North Dakota as regional discounts swell

Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 28.  More »

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »

Halcón to slash spending, cut rigs as oil prices fall

Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015.  More »

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »

Wilbur Ross sees profits for Texas shale as Venezuela struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble.  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

Targa Resources to acquire Atlas for $5.9 billion

The acquisition will create a company with a presence in four of the top five basins by active rig count.  More »

Magnum Hunter sells North Dakota acreage for $85 million

Magnum Hunter Resources Corp. will sell a portion of its Bakken acreage for $84.7 million, the Houston-based exploration and production company announced Thursday afternoon.  More »
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