Bakken news
Comstock Resources divests Bakken assets to Northern Oil & Gas
The properties being sold include non-operated interests in over 400 producing wells (65.9 net) with recent production of greater than 4500 net boe/d (approximately 65% oil).
Equinor completes sale of Bakken assets
Equinor has completed the sale of its operated and non-operated acreage in the Bakken field in North Dakota and Montana to Grayson Mill Energy.
Hess to sell Bakken acreage to Enerplus Corp.
The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.
Equinor sells Bakken assets
Equinor is divesting its interests in the Bakken field to Grayson Mill Energy.
Hess sets 2021 budget of US$1.9 billion
Most of the company's 2021 budget will be allocated towards operations in Guyana.
Rystad analysis indicates US fraccing activity set for biggest monthly decline
Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
Marathon Oil revises 2020 spending
The revised 2020 capital budget of US$1.3 billion or less includes the implementation of 2Q20 frac holidays in the Bakken and Eagle Ford.
Continental Resources revises 2020 capital budget
The company will be reducing its average rig count from 9 to approximately 3 in the Bakken and 10.5 to approximately 4 in Oklahoma.
ESAI Energy: Bakken to surpass record output despite gas bottlenecks
The company's recently published North America Watch attributes the growth in output to increasing rig productivity and efficiency gains in areas outside of the Bakken core.
GlobalData: over US$142 billion will be spent on 97 upcoming oil and gas fields in North America to 2025
Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.