Chord Energy shareholders are reaping the benefits from the Bakken E&P’s foray into drilling longer laterals, though a further dip in oil prices could cause the company to hunt for acquisitions at the low point in the cycle.
With the uncertainty generated by the tariffs and a higher-than-expected increase in supply from OPEC+, for the upcoming week, Stratas Advisors expect that oil prices will be under pressure – and the price of Brent crude could test $66.
Intensity Infrastructure Partners’ two-phase pipeline project would move natural gas from the Bakken to eastern North Dakota.
Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.
Prairie Operating CFO Greg Patton describes the company's shift into the E&P space and its potential M&A plans following Prairie's $600-million D-J acquisition from Bayswater Exploration and Production.
Changing the salinity of frac fluid in a reservoir may boost EOR efforts, according to a research paper presented at URTeC.
The initiative reflects Volt Lithium’s strategy of extracting lithium from streams of produced water associated with oil and gas production.
Chord Energy is drilling longer 3- and 4-mile laterals in the middle Bakken to extend inventory life—and closely watching new oily zones being tested in the Williston Basin’s stacked pay.
The Bakken and Eagle Ford have three or four years of new-drill well inventory left at $63/bbl WTI while the Permian has between seven and 10 years, Quantum Capital Group’s Wil VanLoh said at Hart Energy’s Energy Capital Conference.
The first stimulated horizontal middle Bakken well came online 25 years ago, proving horizontal drilling and fracking could unlock vast oil reserves. What began as a modest experiment in a remote Montana field reshaped the future of U.S. oil production.