Tagged Bakken

Resource Energy bids for Samson Bakken assets

Rate this article Resource Energy Can-Am LLC, Denver, entered a stalking-horse agreement with bankrupt Samson Resources Co., Tulsa, to buy Bakken play properties in North Dakota and Montana for $75 million. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Enbridge-Marathon venture buys interest in Bakken Pipeline

Rate this article MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the Dakota Access pipeline and the Energy…

Train carrying crude oil derails in Oregon

Rate this article A Union Pacific freight train derailed in Oregon on June 3, overturning 14 tank cars carrying Bakken crude oil and forcing Wasco County authorities to evacuate a nearby town in the upper Columbia River Gorge. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation

Anadarko CEO: Distressed Bakken, Eagle Ford Asset Sales Seen Soon

Rate this article Article Abstract: Financial distress is soon expected to trigger long-awaited sales of oil and gas properties in North Dakota’s Bakken and Texas’ Eagle Ford basin, Anadarko CEO Al Walker says. from Rigzone.com: Latest News Headlines Click Here To Read Full Article Visit Rigzone.com: Latest News Headlines for more great articles.

Only 1 Percent Of Bakken Shale Is Profitable At These Prices

Rate this article Article Abstract: Only 1 percent of the Bakken Play area is commercial at current oil prices based on my analysis that follows. Only 4 percent of horizontal wells drilled since 2000 meet the EUR (estimated ultimate recovery) threshold needed to break even at current oil prices, drilling and completion, and operating costs….

Imported Oil Putting The Squeeze On Bakken Producers

Rate this article Article Abstract: As Ralph Macchio celebrates his 54th birthday (make you feel old? me neither, ahem…), the crude complex has tried to kick higher ahead of the weekly inventory report, but is losing the fight against a stronger dollar. While we continue to slowly exit U.S. maintenance season, builds to crude stocks…

North Dakota No Longer Attractive For Drillers Or Refiners

Rate this article Article Abstract: The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid tepid viewer interest. But the real life Bakken is also suffering from a lack of interest, a development that doesn’t bode…