- Tight Gas & Oil
- Gas Hydrates
Williston Basin activity has rebounded from the 2014 market crash and production rates are climbing higher.
From the biggest operators with multinational portfolios to basin-specific smaller producers with motivation to grow. Investor showcases the 50 most-valued U.S. independents.
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Hess anticipates the completions design will help grow its Bakken production to about 200,000 barrels of oil equivalent per day by 2021.
In addition to strong Bakken core extension test results, Marathon Oil also continued to chip away at its remaining $1 billion share buyback program.
Addressing these issues has become a priority for many operators and service companies as they work to overcome adverse perceptions of their own industry.
Houston-based independent oil and gas producer EOG Resources has secured 65% of its expected services for 2019.
Matt Steele’s privately held Bruin E&P joined the big league in the Williston Basin with last year’s $1.4 billion acquisition, and he’s not feeling intimidated at all.
The acquisition of QEP’s foothold in the Williston Basin by Vantage Energy, a SPAC formed by NGP and industry veteran Roger Biemans, is set to create a Bakken pure-play operator.
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
Production from the company’s unconventional assets in the Eagle Ford, Bakken and Delaware Basin jumped in the third quarter to 313,000 barrels of oil equivalent per day.
Analysts say the $442 million Velocity acquisition combined with the concurrently announced Bakken acreage dedication doubles down on a strategic pivot to liquids by Enable Midstream.