Posts tagged as:

bakken shale

U.S. Oil Production on the Rise – ND Leads the Pack

by Kenneth E. DuBose on January 31, 2012

U.S. oil production has experienced a more than 30% decline over the past 50 years. Compared to natural gas that has blossomed since the dawn of the boom in the Barnett Shale, that’s a stark difference. The primary reason for the delay is oil is just beginning to bear the fruit of technology application. From […]

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Bakken Mineral Rights Case to the State Supreme Court

by Kenneth E. DuBose on December 5, 2011

Montana mineral buyers might be on the hook for knowing whether or not a mineral owner has the right to sell. Northland Royalty Corp bought minerals from a gentleman in the 1990, but a will surfaced approximately a decade later that changes the understood ownership of the minerals. Without the Bakken Shale, this might not […]

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Statoil Acquires Brigham – Gains Bakken Acreage

by Kenneth E. DuBose on October 17, 2011

Statoil is acquiring Austin based Brigham Exploration in an all cash transaction worth $4.4 billion. The deal builds on Statoil’s current positions in the Marcellus and Eagle Ford shales, as well as giving the company its first operated position in the onshore U.S. The company paid a 36% premium to BEXP’s previous 30 day average […]

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Oil Drilling Outpaces Natural Gas Drilling in the U.S.

by Kenneth E. DuBose on August 18, 2011

The oil rig count has surpassed the natural gas rig count in all polls and don’t expect that to change without higher natural gas prices. We’re experiencing a renaissance in oil drilling that might create hundreds of thousands of jobs and grow U.S. oil production by millions of barrels per day over the next decade. This is the […]

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Minnesota Oil & Gas Attorneys Get ND Bakken Shale Oil Work

by Kenneth E. DuBose on August 18, 2011

Minnesota Oil & Gas attorney’s are quickly expanding into North Dakota as the oil & gas industry’s needs can’t be met by local attorneys alone. Minnesota law offices are dedicating teams to deal flow, permits, and other regulatory proceedings related to the Bakken Shale in North Dakota. The state saw 20% more out of state […]

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EOG’s Shale Oil Bet Pays Bakken and Eagle Ford Dividends

by Kenneth E. DuBose on August 11, 2011

EOG’s Bakken Shale and Eagle Ford Shale success was the direct result of the company’s exploratory mentality. The company followed the lead of a geologist when entering the Bakken and then quickly began expanding into the Eagle Ford Shale when it first identified the play. The company literally led the industry into liquids-rich gas and […]

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Bakken Shale drilling continues across the Blackfeet Indian Reservation in Glacier County and Pondera County, MT. Anschutz Exploration, Newfield Exploration and Rosetta Resources are the primary companies drilling exploratory wells to extend the Bakken Shale into this part of Montana. The operators have drilled numerous Bakken Shale wells to test the potential of the play, […]

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North Dakota Bakken Shale Oil Rig Count Setting Records

by Kenneth E. DuBose on July 22, 2011

The North Dakota rig count is bouncing back as water levels recede. An all time record 184 rigs are active in North Dakota. Recent floods had limited operations, but things seem to be headed up again. The Bakken Shale that produces from Montana and North Dakota now accounts for more than 7% of US crude […]

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Tesoro Refinery in Washington to Take Bakken Shale Oil

by Kenneth E. DuBose on July 18, 2011

The Bakken Shale is booming and we’re seeing more and more signs of long-term growth and development. When companies begin committing to larger volumes in transportation agreements, it means they are confident the crude oil will be produced. Utilizing rail in the Bakken is EOG Resources’ primary shipping method. Hess and others also have long-term […]

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EIA – Shale Oil Production Coming

by Kenneth E. DuBose on July 11, 2011

The EIA estimates technically recoverable U.S. shale oil reserves are over 24 billion barrels or enough to fuel our needs for 7 years. What I find interesting is that some industry proponents like Harold Hamm of Continental Resources think that the Bakken alone holds 24 billion barrels of oil equivalent. If that’s the case, expect […]

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