Bakken

Bakken Exclusives

Northern Oil And Gas Continues Williston Consolidation With Largest Acquisition To Date

Northern Oil and Gas will acquire more than 10,000 net core nonop Bakken acres from W Energy Partners in a cash-and-stock deal worth roughly $292.8 million.

Exxon Mobil, production, oil, gas, Permian, unconventional, Guyana, Stabroek, Neil Hansen, Neil Chapman

The company's second-quarter net income of $3.95 billion was up from $3.35 billion in the year-ago quarter, while overall production fell by 7%. But Permian production grew 30%.

bakken_permian_tradeoffs

Analyst say the Permian Basin has the best shale oil production in the U.S. but the high cost associated could make the Bakken a better play for some.

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
ConocoPhillips620,000
Hess Corp.609,000
All Top Acreage Holders