Bakken Shale RSS Feed

MDU Resources Reports 2011 Results, Initiates Guidance for 2012

Thu, 2 Feb 2012 00:00:00 -0600

MDU Resources Group, Inc. reported 2011 consolidated earnings of $212.3 million or $1.12 per share.

GMX Resources Inc. Provides an Operational Update and Guidance for 2012

Thu, 2 Feb 2012 00:00:00 -0600

Gmx Resources Inc., announced an operational update on our Bakken development program, provides production guidance for the first quarter and year-end 2012 and provides an update on the Company's capital expenditures for 2012.

Continental Resources To Use ESP Resources Services in Oklahoma Woodford

Wed, 1 Feb 2012 00:00:00 -0600

ESP Resources, Inc., an oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies, has expanded its petrochemical service work with Continental Resources, Inc. ("Continental") to include completion petrochemicals.

Credo Announces Increase in Fiscal 2012 Drilling Budget

Wed, 1 Feb 2012 00:00:00 -0600

Bakken and Three Forks Drilling Expected to Double in 2012

Dawson Geophysical Reports Fiscal First Quarter 2012 Results

Wed, 1 Feb 2012 00:00:00 -0600

Dawson Geophysical Company reported revenues of $92,382,000 for the quarter-ended December 31, 2011, the Company's first quarter of fiscal 2012, compared to $72,653,000 for the same quarter in fiscal 2011, an increase of 27 percent.

Petrolease™ Accelerates Race For Bakken Acreage

Wed, 1 Feb 2012 00:00:00 -0600

PetroLease supplies maps and data to oil companies that can help them obtain leading ownership positions in the Bakken region of North Dakota.

U.S. Energy Corp. Provides Operational Update

Tue, 31 Jan 2012 00:00:00 -0600

U.S. Energy Corp. provided an operational update on Bakken, Eagle Ford.

American Eagle Energy Announces Drilling of New Well in Hardy Field, SE Saskatchewan

Tue, 31 Jan 2012 00:00:00 -0600

American Eagle Energy Corporation and its partner, Passport Energy Ltd, are pleased to announce the drilling and casing of the second horizontal development well in the Hardy Bakken Field.

Kodiak Oil & Gas Corp. Announces Year-end 2011 Proved Reserve

Mon, 30 Jan 2012 00:00:00 -0600

Kodiak Oil & Gas Corp., an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, announced preliminary unaudited financial and operational results for the fiscal year 2011.

Magnum Hunter Provides Fourth Quarter 2011 Company Wide Operational Update

Mon, 30 Jan 2012 00:00:00 -0600

Magnum Hunter Resources Corporation announced an operational update on each of the Company's three upstream unconventional resource plays for the fourth quarter of 2011 which include the Eagle Ford Shale, the Williston Basin, and the Appalachia/Marcellus/Utica Shale.

Plains All American Announces New Bakken Area Gas Processing Plant

Fri, 27 Jan 2012 00:00:00 -0600

Plains All American Pipeline, L.P. announced that its wholly owned subsidiary Plains Gas Solutions, LLC (“PGS” and formerly known as CDM MAX, LLC) plans to construct a cryogenic gas processing plant with deep cut ethane plus recoveries and specification product fractionation capability

Oasis Announces 2011 Operational Results and an Outlook for 2012

Fri, 27 Jan 2012 00:00:00 -0600

Oasis Petroleum Inc. announced operational results and proved reserves for 2011, updated its financial outlook for 2011, and provided an outlook for 2012, including its capital budget.

U.S. Energy Corp. Announces Sale Of North Dakota Property

Thu, 26 Jan 2012 00:00:00 -0600

U.S. Energy Corp., announced that it has completed the sale of an undivided 75% of its undeveloped Zavanna LLC ("Zavanna") leasehold interests in McKenzie County, North Dakota. The interests were sold to GeoResources, Inc. and Yuma Exploration and Production Company, Inc. ("Yuma") for $16.7 million.

ConocoPhillips Reports Fourth-Quarter Earnings

Wed, 25 Jan 2012 00:00:00 -0600

ConocoPhillips reported fourth-quarter earnings of $3.4 billion, compared with fourth-quarter 2010 earnings of $2.0 billion. Fourth-quarter 2011 earnings excluding $723 million of special items were $2.7 billion.

Occidental Petroleum Announces Year-End Results

Wed, 25 Jan 2012 00:00:00 -0600

Occidental Petroleum Corporation announced net income of $1.6 billion ($2.01 per diluted share) for the fourth quarter of 2011, compared with the $1.2 billion ($1.49 per diluted share) for the fourth quarter of 2010.

Hess Reports Estimated Fourth Quarter Results

Wed, 25 Jan 2012 00:00:00 -0600

Hess Corporation reported a net loss of $131 million for the fourth quarter of 2011 compared with net income of $58 million for the fourth quarter of 2010.

SET Corp Closes Offering for Phase One Bakken Shale Expansion

Tue, 24 Jan 2012 00:00:00 -0600

Sustainable Environmental Technologies has closed a private placement for the sale of 15 million units of securities of the Company, at a price of $0.10 per Unit, for the aggregate gross proceeds of $1,500,000 to be used as part of the Phase 1 expansion for SET Corp's wholly owned subsidiary, ProWater, into the Bakken Shale in North Dakota and Montana.

ConocoPhillips Reports 2011 Organic Reserve Replacement

Mon, 23 Jan 2012 00:00:00 -0600

ConocoPhillips announced preliminary 2011 organic net proved reserve additions of 738 million barrels of oil equivalent (BOE).

Whiting Petroleum Corporation Year-End Reserves, 2012 CAPEX

Fri, 20 Jan 2012 00:00:00 -0600

As of December 31, 2011, Whiting Petroleum Corporation’s estimated proved reserves totaled 345.2 million barrels of oil equivalent (MMBOE), an increase of 13.2% over year-end 2010 proved reserves of 304.9 MMBOE.

Mountainview Announces Loan to Drill Wells in Bakken & Three Forks

Fri, 13 Jan 2012 00:00:00 -0600

Mountainview Energy Ltd. announced that it has entered into a loan arrangement with an affiliate of an insider of the Company (the "Lender"), pursuant to which the Lender will lend Mountainview USD $2 million for a term of 2 years at an annual interest rate of 8.0% (the "Loan").

Bakken Investor Conference April 2-4, 2012 in Minot, ND

Fri, 13 Jan 2012 00:00:00 -0600

The 2nd Annual Bakken Investor Conference connects investors and opportunities in the Bakken Shale Play. The 2012 Bakken Investor Conference will be held April 2-4, 2012 in Minot, North Dakota.

Samson Oil & Gas Bakken Operational Advisory

Fri, 13 Jan 2012 00:00:00 -0600

Samson Oil & Gas Limited advises on Bakken field operations:

Ball-Drop, Sleeve System Cuts Completion Time

Fri, 13 Jan 2012 00:00:00 -0600

By eliminating tripping for installing and removing plugs, and perforating, companies can cut the time for hydraulic fracturing dramatically.

Hess Announces Capital and Exploratory Budget for 2012

Thu, 12 Jan 2012 00:00:00 -0600

Hess Corporation announced a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration.

Kodiak Oil & Gas Corp. Completes Latest Williston Basin Acquisition

Wed, 11 Jan 2012 00:00:00 -0600

Kodiak Oil & Gas Corp., an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, announced the closing of the previously announced acquisition of Williston Basin oil and gas producing properties and undeveloped leasehold.