BREAKING NEWS... NOG Reverse Stock Split… Land Board Delays Back Royalty Payments… Oil Tanker Storage Rates Lowered

BREAKING NEWS!

Biden Election Could Prompt More Drilling

As daily production jumped back over 1.1 million BOPD, North is “back on the road with healthy production” and could see even more drilling on Federal land if Joe Biden is elected president, according to Lynn Helms, director of the ND Dept. of Mineral Resources. “A change in administrations might mean more drilling on federal…

Biden Election Could Prompt More Drilling

As daily production jumped back over 1.1 million BOPD, North is “back on the road with healthy production” and could see even more drilling on Federal land if Joe Biden is elected president, according to Lynn Helms, director of the ND Dept. of Mineral Resources. “A change in administrations might mean more drilling on federal…

McKenzie County Disposal Plant Gets ND Okay

KT Enterprises, LLC of Watford City must post  a bond of $465,000 bond as part of its approval for new waste oil treating plant in McKenzie County limited to storage…

Whiting Slashes Workforce and Pay

Secrecy surrounds the more than $200 million being held in the Bank of North Dakota that will be tapped to make refunds to mineral owners along the edge of Lake…

Army Corps Ordered To Provide Shut Down Options

Federal Judge James Boasberg, who originally ordered Dakota Access Pipeline to empty all the oil while a 13-month environmental analysis is being made, now wants the U.S. Army Corps of…

Pay Hike For Helms

Lynn Helms, director of the ND Dept. of Mineral Resources—the state regulatory agency over the oil and gas industry—was given a 3.5 % pay raise by the ND Industrial Commission,…

HESS PUTTING BAKKEN CRUDE ON TANKERS

Hess Corp. has contracted with three large crude oil tankers to store 2 million barrels each of Bakken crude oil in May, June and July that will be sold off…

sorum mineral map

LAKE SAKAKAWEA MINERAL GRAB CRITICIZED

The 17 sections in Township 154 North, Range 96 West shown with the purple squares and green dots and the yellow sections are all under water and were privately owned…

BIG CRUDE OIL PRICE JUMPS PROJECTED

Two major Wall Street banks are projecting higher prices for crude oil later this year because of production cuts by OPEC and hundreds of wells shut down in leading oil…

ND Land Board Backs Off Past Royalty Payments

Facing tough criticism along with the economic downturn, the ND Board of University and School Lands backed from demanding past gas royalty payments from wells on state lands. The board…

Goodnight Protests Slurry Well

Goodnight Midstream LLC of Dallas, which operates several salt water disposal systems in North Dakota, filed several objections to two proposed slurry well injection wells in McKenzie County. At a…

keystone xl us map feature

$8 Billion Keystone XL Starts Up

Backed up with $1.1 billion in funding from the Alberta provincial government, TC Energy Corp. said it was moving forward with the construction of the $8 billion Keystone XL Pipeline…

Continental Resources multi well pad williams county

Continental Chops Spending; Drilling Rigs

Continental Resources said it has made a 55% cut in its capital spending budget, dropping it to $1.2 billion as it reduces the number of rigs drilling in North Dakota…

williston basic petroleum conference sept 2020

ND Petroleum Conference Postponed To Sept. 1-3

The North Dakota Petroleum Council has postponed the May 2020 Williston Basin Petroleum Conference to Sept. 1-3. This decision was made following issuance of the CDC’s Interim Guidance for Coronavirus…

OCTOBER 8, 2020

oil patch hotline page 1 october 8 2020

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meritage midstream gas plant under construction

Rockies Midstream Operators Launching New Gas Plants

Meritage Midstream Steamboat natural gas processing plant under construction October 2019 Midstream operators in Wyoming and North Dakota are scrambling to get flaring under control as they launch new natural…

Hess 2020 Production Target: 200,000 BOEPD

Hess Corporation will spend $1.375 billion to fund a six rig program in the Williston Basin this year to drill 170 new wells and complete 175. The company estimates production…

Keystone XL Pipeline Rolls

TC Energy Corp. said it will start construction in April on the 1.2 mile section of the Keystone XL crude oil pipeline that crosses the Canadian border and will also…

Bakken Targeted For Blockchain Testing

Blockchain, a digital distributed ledger system, will be tested on water handling services in North Dakota’s Bakken oil fields. A group of companies including Chevron Corp., ConocoPhillips, Exxon Mobil Corp.,…

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