Bakken

U.S. Pipeline Firms Looking to Follow Biggest Customers into M&A Wave

U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said.

Gas Pipeline Expansion Trends Shift: Intrastate Capacity Surpasses Interstate in 2023

In a significant shift, natural gas intrastate pipeline capacity outpaced interstate additions in the United States in 2023, according to data from the U.S. Energy Information Administration (EIA).

Bakken Drillers Push Back Against U.S. Carbon Pipeline Company's No Oil Recovery Promise

Summit Carbon Solutions is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases. The company has repeatedly pledged that its project will not be used by drillers to boost output from oil fields.

Devon Energy Reports Lower Profit, Anticipates Production Impact from Winter Storm

U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather.

North Dakota Natural Gas Output Reaches Record High in December, Flaring Eases

Natural gas production in North Dakota in December rose to a record 3.525 billion cubic feet per day (Bcf/d) from the prior all-time high of 3.469 Bcf/d in November, while gas flaring eased.

Spotlight on Bakken: Gas Expansions Offer Alternative to Permian Constraints

Fueled primarily by U.S. production growth concentrated around the oil-generating geology of North Dakota, the Williston Basin’s midstream footprint has expanded according to the region’s evolving needs.

Clean Energy's Tri-Cross Dairy Begins Production of Renewable Natural Gas

Clean Energy Fuels Corp. has announced the successful completion and operational launch of its latest renewable natural gas production facility at Tri-Cross Dairy in Viborg, South Dakota.

EIA Projects U.S. Oil Output Surge from Top Shale Regions in March

U.S. oil output from top shale-producing regions will rise in March to its highest in four months, the U.S. Energy Information Administration (EIA) said on Monday in its monthly Drilling Productivity Report.

Silver Hill Energy Partners to Buy Liberty Resources' Bakken Assets

Silver Hill Energy Partners said on Wednesday it would acquire Liberty Resources II's interests in oil and gas properties and all of Liberty Midstream Solutions in North Dakota for an undisclosed amount.

Oil Producer Hess Tops Profit Estimates on Higher Bakken, Guyana Output

U.S. oil and gas firm Hess beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by higher production in its Bakken shale and Guyana operations.

EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill

Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday.

North Dakota Oil Production Plummets by 650,000 to 700,000 bpd Amid Extreme Cold

Oil production in North Dakota was estimated to have dropped by more than half its typical output because of extreme cold and related operations challenges, the state's pipeline authority said on Wednesday.

Deep Freeze Hits U.S. Oil Industry from North Dakota to Texas

A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others, and halved North Dakota oil production as it dumped snow and rain across a broad swath of the nation.

EOG President: U.S. Oil and Gas Production Growth to Slow in 2024

U.S. oil and gas production will not continue to grow this year at the pace that it did in 2023, U.S. shale producer EOG Resources President Lloyd Helms said on Thursday.

Howard Energy Partners Completes $800 Million in 2023 Growth Projects, Achieves Record Volumes

(P&GJ) — Howard Energy Partners completed $800 million in 2023 growth projects, including new pipelines and facilities in key U.S. oil and gas basins, along with storage and logistics for renewable diesel on the Texas Gulf Coast.

Bakken Case Study: Expanding Operations Depends on Thick-Walled HDPE Pipe

(P&GJ) – As Continental Resources expands its operation in Dunn County, North Dakota, an important component is the use of high-density polyethylene (HDPE) pipe that was selected not only for its integrity but also because it can be installed without scaring the environment.

Bakken Shale Unlikely to Return to Glory Days, Even With Chevron, Hess Deal, Analysist Predict

The Bakken formation is a long way from export terminals, which means producers have higher transport fees and smaller profits than their competitors in the giant Texan and New Mexican shale areas that are closer to the main export hubs on the Gulf Coast.

WBI Energy's North Dakota Natural Gas Pipeline Expansion Gets FERC Approval

(P&GJ) — For the project, WBI Energy will construct approximately 60 miles of 12-inch natural gas pipeline and ancillary facilities to Wahpeton from an existing compressor station at Mapleton, North Dakota.

Bakken Success Boosts Need for Gas Capture Innovations

(P&GJ) — While one of North Dakota’s top energy officials, Justin Kringstad, readily leads the cheers for his state’s success with industry in curbing the economic and environmentally harmful practice of flaring associated gas at well sites.

Energy Transfer to Buy Crestwood in $7.1 Billion Pipeline Deal

The $7.1 billion deal will see Energy Transfer add about 2 billion cubic feet per day (Bcf/d) of gas-gathering capacity, 1.4 Bcf/d of gas-processing capacity and 340,000 barrels per day (bpd) of crude-gathering capacity.

Haynesville Riding LNG Wave to Gulf Coast

(P&GJ) — With the primary driver of U.S. natural gas demand growth continuing to be LNG exports, the bottlenecked pipeline takeaway capacity in the gas-rich Marcellus Shale has left the Haynesville shale, along with the Permian Basin, as the two regions with the most consistent midstream growth.

U.S. Oil M&A Jumps as Private Equity Unloads Shale Assets

U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals.

Enbridge Sells Inactive North Dakota Oil Pipeline to MHA Nation for Reservation's Oil Transportation

(P&GJ) — In order to assist in bringing oil from wells on its reservation to the general market, a Native American tribe in North Dakota purchased an empty pipeline from Canadian pipeline operator Enbridge.

EIA: US Shale Production Set to Rise to Highest on Record in June

U.S. oil output from the seven biggest shale basins is due to rise in June to the highest on record, data from the Energy Information Administration showed on Monday. Oil output is set to rise by 41,000 barrels per day (bpd) to 9.33 million bpd, the EIA said.

Record US Crude Exports, Rising Shale Output Boosts Oil Flow to Houston

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.

MPLX Reports Boost in Total Pipeline Throughputs in Q1 2023

The company's overall gathered volumes averaged 6.4 billion cubic feet per day (Bcf/d), a 21% increase from the first quarter of 2022, it said. Gathered volumes in the Marcellus in Pennsylvania averaged 1.4 Bcf/d, or a 4% increase. Additionally, it announced that it is working to expand natural gas long-haul and crude gathering pipelines for the Permian and Bakken basins.

Shell's Zydeco Pipeline Shut on April 25 After Oil Leak

Shell Pipeline Co.'s Zydeco oil pipeline — which alleviates transportation bottlenecks of crude arriving in Houston from the Eagle Ford, Permian and Bakken regions — was shut on April 25 after a limited release of crude oil was detected in the Intracoastal Waterway.

Kinder Morgan Beats Profit Estimates on Higher Natural Gas; Permian Pipeline Expansion Delayed

Kinder Morgan Inc. on Wednesday beat profit expectations for the first quarter as the U.S. pipeline operator transported higher volumes of natural gas primarily from Haynesville and Eagle Ford systems.

Japan's Mitsui Buys US Gas Asset in 'Pragmatic Solution' for Energy Transition

Japan's Mitsui & Co. Ltd. has bought a 92% stake in an unconventional gas asset in Texas and plans to promote its gas business as a "pragmatic solution" for the energy transition, it said on Thursday.

US Oil Activity in Colorado, Wyoming Slips, Further Slowing Ahead

Oil and gas activity in the U.S. Midwest and Mountain West states declined in the first quarter and is expected to continue to slow, according to a survey released on Friday by the Federal Reserve Bank of Kansas City.