Bakken Shale News & Information

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The largest producer in North Dakota's Bakken basin - the second-biggest U.S. shale field - had cut as much as 55% of its planned oil output in the June quarter as the oilfield was among the hardes...
Posted: August 3, 2020, 8:15 pm
MPLX LP said on Monday that any closures of the Dakota Access Pipeline (DAPL) and the Tesoro High Plains Pipeline in North Dakota could potentially reduce its pre-tax earnings by about $100 million...
Posted: August 3, 2020, 10:33 am
Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of 827,000 barrels per day in May (Figure 1). That is a drop of almost 550,000 barrels per day (-40%) since March. Mos...
Posted: July 30, 2020, 12:50 pm
Overall, the company produced 334,000 barrels of oil equivalent per day (BOE/D) during the period, up 22% year over year. Fueling that growth was the strength of its Bakken shale operations in Nort...
Posted: July 30, 2020, 6:24 am
The uncertainty surrounding the future operations of Dakota Access, the key pipeline carrying crude out of the Bakken, is stalling oil companies’ plans to invest in bringing back online the output ...
Posted: July 29, 2020, 9:30 am
Higher oil equivalent production from the Bakken play and increased throughput volumes aid Hess' (HES) Q2 earnings.
Posted: July 29, 2020, 7:56 am
posted a 22% jump in second-quarter output to 334,000 barrels of oil equivalent per day (boepd). The jump was driven by a 39% increase in Bakken output and production from the Liza Field ...
Posted: July 29, 2020, 5:19 am
North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy the pipeline that transports most of t...
Posted: July 29, 2020, 4:23 am
The last greenfield refinery built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) plant in Garyville, ...
Posted: July 27, 2020, 10:40 am
Since March, oil companies have shut in 7,500 wells across North Dakota and all but ceased new drilling. The crash is rippling across once-boom towns where residents can no longer depend on industr...
Posted: July 27, 2020, 4:37 am
This is “a five-alarm fire for North Dakota’s oil and gas industry,” said Lynn Helms, director of North Dakota’s Mineral Resources department, which released the data. Fueled by the prolific Bakken...
Posted: July 23, 2020, 7:16 am
North Dakota's oil production fell four times faster than the national average between January and May, according to new data. New Mexico's production also plummeted in May.
Posted: July 22, 2020, 8:37 am

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