Successful bidders, including Houston-based Schlumberger, in a 2007 auction of Bakken Shale oil and gas rights conducted by the Bureau of Indian Affairs (BIA) and related to tribal land, recently won in an appeal before the U.S. Court of Appeals for the Eighth...
Offering Efficient, Cost-Effective Representation
Start Today With Your Initial Consultation
Uncategorized
OIL STILL TOPS ND ECONOMY
Oil remained king in North Dakota as the largest economic sector and the engine that powered the state's impressive growth last year despite a drop in petroleum prices. The mining sector, dominated by oil and gas extraction, contributed $9 billion toward the state's...
State Files Motion To Dismiss Knodel Case
FARGO - A state prosecutor has filed a motion to dismiss the case against Aaron Knodel, the 2014 North Dakota Teacher of the Year accused of having sex with a student.The case was headed toward a second trial later this month after Knodel's first trial in April ended...
BAKKEN MAD DASH FROM FRINGE TO CORE
While operators in other plays have been jogging toward the sweet spots over the past 6 months, Bakken operators have been on a mad dash from fringe to core. This makes sense as Bakken production economics can be more challenging than the Texas oil plays due in part...
Bakken Formation Still Has 6 Billion Barrels Of Oil
How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the Bakken, and another 3.5 billion to 4.1 billion barrels of "undiscovered and...
AMERICA’S OIL DRILLING BOOM IS SPUTTERING BACK TO LIFE
For the first time in five months, a rig in the Williston Basin, where North Dakota's Bakken shale formation lies, sputtered back to life and started drilling for crude once again. And then one returned to the Permian Basin, the nation's biggest oil play, field...
EOG HAS LION’S SHARE OF 900 NORTH DAKOTA WELLS AWAITING FRACKING
Reuters) - Oil producer EOG Resources Inc has the lion's share of an estimated 900 North Dakota wells waiting to be fracked, according to state data, showing that even major oil titans are mothballing operations while they hope for a rebound in oil prices.For months...
BAKKEN SHALE IS ALIVE AND, SORT OF, KICKING, ANALYSTS SAY
Came across some positive news for North Dakota amidst this downturn in the industry. SterneAgee analysts Tim Rezvan and Truman Hobbs presented at Hart Energy's DUG Bakken and Niobrara conference earlier this month where they learned that operators remain bullish...