Tag: Bakken
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Williston Basin Petroleum Conference
Among featured speakers of The Williston Basin Petroleum Conference will be Harold Hamm, Executive Chairman, Continental Resources, the largest producer of the Bakken. The event will be held May 11-13 at the Bismarck Event Center, in Bismarck, North Dakota. The Williston Basin Petroleum Conference is the largest conference and trade show in the nation focused…
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ONEOK Reports 4th Quarter
ONEOK, Inc. a major Bakken oil company, announced fourth quarter results:Fourth Quarter 2020 Results, Compared With Fourth Quarter 2019: * 11% increase in operating income to $538.7 million. * 12% increase in adjusted EBITDA to $742.0 million. * 24% increase in Rocky Mountain region NGL raw feed throughput volumes. * 11% increase in Rocky Mountain region natural…
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Bakken Output Increases, Expected to Grow More
North Dakota’s Bakken Shale gas output increased by 20% in 2019, and the latest analysis shows it growing another 10% year over year in 2020. Due to limited downstream access, the additional production looks to take a greater share on Northern Border Pipeline. Bakken gas production is expected to grow by 10% in 2020, before…
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The Bakken
The core area of North Dakota’s Bakken was rocking in October as the state set new records for oil and natural gas production. According to Lynn Helms, North Dakota Mineral Resources director. “For the first time ever, the state had over 1.5 million barrels per day of oil production” – a five percent increase over…
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Continental CEO Predicts More Drilling Rig Cuts
From the Oil Patch Hotline Harold Hamm, CEO of Continental Resources, the largest Williston Basin producer, said OPEC and U.S. shale producers should cut crude oil production and shipments into an oversupplied market. U.S. shale producers “need to row our own boat… We need to make sure we don’t oversupply the market,” Hamm told a…
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Oil Field Innovations Change The World & Oil Industry
“You did that.” “We need to talk about it more,” said Blu Hulsey, Senior Vice President of Government Relations and Regulatory Affairs at Continental Resources. The accomplishments and technological development of the petroleum industry goes far too much unremarked upon, Hulsey told the audience at the Montana Petroleum Association’s Appreciation Luncheon at the DoubleTree in…
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Price of Gas and Oil May Drop
The price of oil is a double edged sword for Montana. When the price is high the industry does well and so does Montana in terms of jobs and state tax revenue, but when it drops while the industry struggles, consumers benefit with a lower cost of living and lower cost of doing business. But…