Whiting Petroleum Corp. is suspending plans to drill at 20 Bakken and Three Forks well sites as low oil prices continue to weigh heavily on the exploration and production company. Continue Reading
Saudi officials insist the kingdom’s oil production strategy is not aimed at putting U.S. shale producers out of business, a message that has been repeated to visiting U.S. policymakers. The Continue Reading
Noble Energy Inc. swung to a multibillion-dollar loss as the oil-and-gas producer wrote down the value of assets amid the decline in energy prices. Still, excluding certain costs, Noble posted Continue Reading
Bakken production was down 28,604 barrels per day to 1,096,044 bpd. All North Dakota was down 29,506 bpd to 1,152,280 bpd. This is just the last two years of the Continue Reading
North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in Continue Reading
The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March as $30-a-barrel oil makes it harder for companies to scrape up the Continue Reading
North Dakota said Wednesday crude-oil production in December fell 2.5% to the lowest level in more than a year, and the state’s top energy regulator said Bakken Shale output will Continue Reading
Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if Continue Reading
Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, Continue Reading
The U.S. Geological Survey reported at least 9 minor earthquakes since the weekend in Oklahoma, a state wary of the connection between fracking and tremors. The USGS reported two magnitude-2.8 Continue Reading
