Bakken Loses More Rigs
Bakken Rig Count Falls The Bakken-Three Forks rig count fell by four this week landing at 48 rigs running across our coverage area by midday Friday. A total of 664 Continue Reading
U.S. shale player Pioneer expects higher output
U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. Pioneer said it plans Continue Reading
Shale-rich Oklahoma facing budget crisis
While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget. In a New Continue Reading
Appetite for mergers in energy sector drying up
Despite some planned mega-mergers, market uncertainty meant few companies were willing to join forces in last year’s weakened energy economy, analysis finds. An emailed report from consultant firm IHS found Continue Reading
Shale Explorers Pull Oil on the Cheap From Slumbering U.S. Wells
U.S. shale explorers will be able to bring new supplies to market this year even with most of the rig fleet shut down and drilling budgets cut to the bone. Continue Reading
Oklahoma Oil Firm Resists Call to Shut Down Wells Amid Earthquake Concerns
A financially strapped Oklahoma oil company is defying the state regulator’s request that it shut down six wells used to dispose of wastewater, despite fears they may be contributing to Continue Reading
BAKKEN – Single Well Economics
This is a guest post by Ciaran Nolan Disclaimer The opinions and views expressed in this presentation are solely those of the author and not necessarily those of any organisation. Continue Reading
Worst Year for Rigs in Quarter Century Closes With a Whimper
Oil explorers shut down more rigs in U.S. fields to finish out the worst year for drilling cutbacks in almost three decades. Rigs targeting crude in the U.S. fell by Continue Reading
Bakken Shale Ends the Year with 52 rigs
Bakken Rig Count Falls Due to the holiday, we are releasing the weekly rig count post early. The Bakken-Three Forks rig count fell by three this week landing at 54 Continue Reading
Oil Slump Threatens $125 Million in North Dakota Property Debt
The plunge in oil prices may jeopardize almost $125 million of securitized loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Continue Reading