Tag Archives: Bakken

Pembina Pipeline Corporation to expand Vantage Pipeline

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announced that it has entered into agreements to expand the Vantage pipeline system for an estimated capital cost of $85 million. The Vantage Expansion entails increasing Vantage’s mainline capacity from 40,000 barrels per day (“bpd”) to approximately 68,000 bpd through the addition of mainline…

When is 30-million barrels really 30 million barrels?

By Chris Faulkner, CEO, Breitling Energy Corporation  2011 wasn’t one of OPEC’s better years.  In June, ministers from the 12-member Organization of Petroleum Exporting Countries (OPEC) convened in Vienna for their bi-annual get-together with the proposition of hiking the consortium’s oil production output — at that time running about 28.8…

Kinder Morgan to acquire premier midstream position in Bakken

Kinder Morgan, Inc. (NYSE: KMI) today announced a definitive agreement whereby KMI will acquire Hiland Partners (Hiland) from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt. Hiland’s assets, which are mostly fee based, consist of crude…

The new Hellfighters

NDIC gears up to enforce stringent new gas flaring regulations coming into effect By Rebecca Colnar Gas flaring in the Bakken has been making worldwide news.  Everyone is concerned about it, from industry and mineral owners to environmental groups and politicians. The Ceres Group shows a map of the U.S….

Whiting Petroleum completes acquisition of Kodiak Oil & Gas

Whiting Petroleum Corporation (NYSE:WLL) (“Whiting”) today announced that it has completed its previously announced acquisition of Kodiak Oil & Gas Corp. (“Kodiak”), creating the largest Bakken/Three Forks producer. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement…

‘Kicking the can’ on fracking in Colorado

Policy storm poses wider implications for the industry at large By Michael Sandoval New state-based fracking regulations will not be on the Colorado ballot in November, but that does not mean the raging debate over the traditional extraction method will die down anytime soon—for this state, or our neighbors to…