Hess Corporation (NYSE:HES) announced today a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for production, $925 million (16 percent) for developments and $550 million (10 percent) for exploration. by

By Sid Pranke Buffalo, S.D. — Western North Dakotans used to living with an oil boom might not be overly impressed with the oil activity in Harding County, but it’s the biggest thing South Dakota has going right now, and Buffalo is thriving because of it. All of Harding County,…

In April 2013, the United States Geological Service released its most current assessment of the Bakken and Three Forks formations. The long and short of the analysis was that the total amount of recoverable oil in the Bakken and Three Forks formations is roughly double that of earlier projections for…

Bakken oil boom creating much opportunity for many business professionals By Jillian Mitchell  The vast array of business and trade opportunities associated with the Bakken boom has many entrepreneurs all a-twitter, including executive director Tom Rolfstad of Williston Economic Development. “It’s a story that everyone is interested in hearing more…

The North Dakota Petroleum Council was recently recognized with an Environmental Partnership Award by the Interstate Oil and Gas Compact Commission (IOGCC). The NDPC received the award for its Pick Up the Patch! Program, which was launched in 2012 to create partnerships between communities and the oil and gas industry…

By Rebecca Colnar Exponential growth in the Bakken has not only brought about additional restaurants and housing for the increasing population, but medical facilities have also needed to increase their services. Whether it’s the Mercy Medical Center in Williston, McKenzie County Memorial Hospital and Clinic in Watford City or Sidney…