Geology of Saskatchewan http://www.globalpost.com/taxonomy/term/66745/all en Oasis Petroleum ramps up production with $1.52 billion deal http://www.globalpost.com/dispatch/news/thomson-reuters/130905/oasis-petroleum-ramps-production-152-billion-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Swetha Gopinath</p> <p>(Reuters) - Oasis Petroleum Inc &lt;OAS.N&gt; will buy oil and gas assets in the Williston Basin in North Dakota from a clutch of sellers including Magnum Hunter Resources Corp &lt;MHR.N&gt; for about $1.52 billion, boosting its production by nearly a third.</p> <p>Oasis, which signed four separate deals, will add about 161,000 net acres to the 331,000 net acres it already holds. Production will increase by 9,300 barrels of oil equivalent (boe) to 43,000 boe.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130905/oasis-petroleum-ramps-production-152-billion-deal" target="_blank">read more</a></p> Geography of the United States Geology of North America Geology of Saskatchewan Oasis Petroleum Inc Thomson Reuters Thu, 05 Sep 2013 16:35:39 +0000 Thomson Reuters 5925503 at http://www.globalpost.com Exclusive: North Dakota Jan oil output flat as winter chills drilling - data http://www.globalpost.com/dispatch/news/thomson-reuters/140228/exclusive-north-dakota-jan-oil-output-flat-winter-chills-drilli <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Selam Gebrekidan</p> <p>NEW YORK (Reuters) - Oil production in North Dakota's Bakken shale stayed flat in January after falling sharply the month before, according to independent data that illustrate how this winter's bitter cold put a freeze on the world's fastest-growing oil patches.</p> <p>Although December's extraordinary chill gave way to relatively warmer weather last month, Bakken output hovered just below 860,000 barrels-per-day, according to calculations by LCI Energy Insight, a Texas-based energy intelligence firm.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140228/exclusive-north-dakota-jan-oil-output-flat-winter-chills-drilli" target="_blank">read more</a></p> Bakken formation Business Geology of Saskatchewan Human Interest oil Shale Thomson Reuters Fri, 28 Feb 2014 17:40:57 +0000 Thomson Reuters 6083510 at http://www.globalpost.com NY starts inspecting rail yards handling Bakken crude: Governor http://www.globalpost.com/dispatch/news/thomson-reuters/140228/ny-starts-inspecting-rail-yards-handling-bakken-crude-governor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON (Reuters) - New York Governor Andrew Cuomo said on Friday officials have launched inspections at state rail yards to protect people from potential accidents involving shipments of volatile crude oil from the Bakken oil fields in North Dakota.</p> <p>Federal and state officials inspected two rail yards on Thursday, one in Albany owned by Canadian Pacific Railroad, and the other in Buffalo owned by CSX, Cuomo's office said.</p> <p>Rail cars laden with Bakken crude have been involved in a slew of recent fiery derailments.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140228/ny-starts-inspecting-rail-yards-handling-bakken-crude-governor" target="_blank">read more</a></p> Bakken formation Geology of Saskatchewan Shale Thomson Reuters Fri, 28 Feb 2014 22:32:59 +0000 Thomson Reuters 6083686 at http://www.globalpost.com Report: Bakken, Three Forks oil production to average 1.1 million barrels a day in 2014 http://www.globalpost.com/dispatch/news/the-canadian-press/140402/2020-production-will-hit-17m-barrels-day-formation-holds-118 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WILLISTON, N.D. - Oil production in North Dakota and Montana's Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm.</p> <p>Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and Three Forks formations will grow to 1.7 million barrels per day in 2020.</p> <p>"We're very confident on the future of the Bakken," said Jonathan Garrett, an analyst at Wood Mackenzie. He added that the expected lifetime of a Bakken well is 25 years to 30 years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140402/2020-production-will-hit-17m-barrels-day-formation-holds-118" target="_blank">read more</a></p> Geography of the United States Geology of Saskatchewan Matter oil The Canadian Press Wed, 02 Apr 2014 23:32:43 +0000 The Canadian Press 6112013 at http://www.globalpost.com Bakken oil fields of North Dakota, Montana mark billionth barrel of crude oil production http://www.globalpost.com/dispatch/news/the-canadian-press/140429/bakken-oil-fields-north-dakota-montana-mark-billionth-barrel <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BISMARCK, N.D. - Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.</p> <p>Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques to recover oil trapped in a thin layer of dense rock nearly two miles beneath the surface.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140429/bakken-oil-fields-north-dakota-montana-mark-billionth-barrel" target="_blank">read more</a></p> Bakken formation Geology of Saskatchewan North Dakota oil Shale The Canadian Press Wed, 30 Apr 2014 00:36:44 +0000 The Canadian Press 6134404 at http://www.globalpost.com Railroad: New federal emergency order won't affect oil train shipments from Bakken region http://www.globalpost.com/dispatch/news/the-canadian-press/140508/railroad-new-federal-emergency-order-wont-affect-oil-train-s <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BISMARCK, N.D. - The main railroad moving crude oil out of the rich Bakken formation in North Dakota and Montana said a new federal emergency order on rail shipments will not affect shipments.</p> <p>The U.S. Department of Transportation on Wednesday required railroads to inform state emergency management officials about the movement of large shipments of crude oil. The agency also asked companies shipping oil from the Bakken region to stop using older generation tank cars that have been involved in a spate of fiery derailments over the past year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140508/railroad-new-federal-emergency-order-wont-affect-oil-train-s" target="_blank">read more</a></p> Bakken formation Geology of Saskatchewan oil Shale The Canadian Press Thu, 08 May 2014 22:51:08 +0000 The Canadian Press 6142356 at http://www.globalpost.com ND now produces 1 million barrels of oil a day; due in large part to the rich Bakken formation http://www.globalpost.com/dispatch/news/the-canadian-press/140617/nd-now-produces-1-million-barrels-oil-day-due-large-part-the <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WILLISTON, N.D. - North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state.</p> <p>The state's Department of Mineral Resources on Tuesday released the April production numbers that show the oil fields' record level. In March, the state produced 977,000 barrels per day.</p> <p>The director of the department, Lynn Helms, says only Texas, Alaska and California have also reached a million-barrel-a-day production.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140617/nd-now-produces-1-million-barrels-oil-day-due-large-part-the" target="_blank">read more</a></p> Bakken formation Geology of Saskatchewan oil Shale The Canadian Press Tue, 17 Jun 2014 20:26:43 +0000 The Canadian Press 6179431 at http://www.globalpost.com