Bakken Exclusives

Magnum Hunter emerges from Bankruptcy Sans CEO Gary Evans

Following the reorganization, Gary C. Evans, Magnum Hunter's chairman and CEO since 2009, has left the Irving, Texas-based company to launch another oil and gas venture.

 Whiting, JV, capex, overspend, Bakken, Niobrara, Volker

The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.

cash is king, Bakken, shale, sustain, oil, production, North Dakota, cash flow, Lynn Helms, DMR, Harold Hamm, Continental Resources, Whiting, petroleum, Hess, John Hess, DUC, WTI

In the heart of the Bakken, North Dakota operators are still pumping more than 1 million barrels of oil per day as companies become desperate for cash flow.

Bakken Gross Acreage

CompanyNet Acreage
Crescent Point Energy1,000,000
DeeThree Exploration200,000
ARC Resources179,200
LGX Oil + Gas167,838
All Top Acreage Holders
CompanyNet Acreage
Continental Resources1,074,000
Whiting Petroleum667,668
Hess Corp.609,000
All Top Acreage Holders