Hess plans to add one rig in North Dakota’s Bakken Shale in September and also said it expects net output in 2021 to be at the upper end of its previous forecast range.
In their latest venture, Kraken Resources Co-founders, Bruce Larsen and Brad Suddarth, will return to the Williston Basin in pursuit of “large, oil-weighted acquisitions,” according to the company release.
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.
U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.
The original Canadian royalty trust and one of the first E&Ps to explore the Bakken Shale, Enerplus Corp. remained under the radar for many years—until now. The conservative Calgary producer re-emerges with two fast deals and a basket of new top-tier inventory.
Whiting Petroleum entered into separate definitive agreements totaling $458 million to acquire Williston Basin assets in North Dakota and divest all its oil and gas assets in the D-J Basin of Colorado.
Hess was recognized as the No. 1 energy company on the 100 Best Corporate Citizens list for its outstanding ESG transparency and performance this past year, the global independent oil and gas company said.