At a steady 60-plus rig count, the Bakken is a powerful job creator even if it doesn’t return to its peak in 2013-2014, Barry Biggs, vice president of onshore for Hess Corp., told Hart Energy’s Jessica Morales at the recent DUG Rockies Conference in Denver.
With completion of pipelines in North Dakota and the narrowing differentiation of price between West Texas Intermediate and Brent, the margins in the Bakken have widened and producers are looking north again, Biggs said.
2022-08-04 - Even window shopping for acreage, or submitting an official expression of interest in an area for potential auction by federal land authorities, would carry a $5 per acre cost if the bill is passed.
2022-06-24 - To date, the direct economic damage to Ecuador is estimated at around $45 million considering a WTI price of $100/bbl, according to state-owned Petroecuador, the country’s main oil and gas producer.
2022-06-24 - “We have to ask ourselves the question: Can we develop additional fields in Germany?” E.ON CEO Leonhard Birnbaum said, adding that maximizing domestic gas production could be part of the solution and more environmentally friendly than other alternatives.
2022-06-28 - Saudi Arabia and the UAE have been perceived as the only two countries in OPEC with spare capacity to boost global deliveries that could reduce prices.
2022-06-02 - Higher gas production could spur an increase in exports, however, higher LNG exports aren’t likely to flow just yet from Trinidad until a decision is taken regarding the restructuring of the Atlantic LNG complex.