The Bakken shale will not go quietly. That's what we've begun to gather, at least in terms of the news cycle. Hess Corp. continued a trend of producers shedding noncore assets to build up liquidity. Hess, though, might have done so in one of the more...
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CONTANGO OIL AND GAS DISCOVERS OIL IN WYOMING
Contango Oil & Gas Company announced today the discovery and successful completion of the Elliott #1H well in the Muddy Sandstone formation in Weston County, Wyoming. The well tested at a maximum 24 hour rate of 907 Boepd (98% Oil, 39 degree API) from a 6,601 foot...
Deep In The Heart Of Texas: County Attorney Not To Pursue DWI Charges Against Judge
Travis County Attorney David Escamilla said Monday he will not pursue a drunken driving case against a district judge arrested in March and will reduce her charges to a class C speeding misdemeanor ticket after test results show she was below the legal limit for...
Hess, Global Infrastructure Partners To Form Joint Venture
Hess Corporation has agreed to farm out a stake of 50% in its Bakken midstream assets to Global Infrastructure Partners. The transaction is valued at $2.675 billion.Hess and Global Infrastructure Partners will join hands to form a premier midstream joint venture,...
Minnesota Sex Offender Program Is Ruled Unconstitutional
A federal judge ruled Wednesday morning that Minnesota's controversial system of confining convicted sex offenders violates the U.S. Constitution.U.S. District Judge Donovan Frank ruled that the Minnesota Sex Offender Program (MSOP) is unconstitutional because it...
North Dakota’s Oil Production Has Peaked: Kemp
North Dakota's crude oil output has peaked, according to the latest production data published by the state government, as the slump in prices takes its toll.The state produced 1.17 million barrels per day (bpd) in April, down from a peak of 1.23 million in December,...
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...
O&G LEASEHOLDERS WIN APPEAL IN LEASE DISPUTE INVOLVING TRIBAL LAND
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...
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...