Tag Archives: North Dakota

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

Targa Resources Corp. (NYSE: TRGP) announced on February 19, 2019 that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, “Blackstone”) for $1.6 billion in cash (the…

Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow

Hess Corporation (NYSE:HES) announced in early December 2018 a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent…

Meridian Energy Group, Inc. begins civil construction of the Davis Refinery

Meridian Energy Group, Inc., the leading developer of innovative and environmentally-compliant oil refining facilities, announced on July 17, 2018 that the company has executed a contract with SEH Design|Build, Inc. (SEH D|B), a subsidiary of Short Elliott Hendrickson Inc. (SHE) with an office in Bismarck, North Dakota, for the performance…

PSC approves permit for expansion of the Bear Creek Gas Plant

The North Dakota Public Service Commission (PSC) has approved a siting permit for the expansion of the Bear Creek Gas Plant in Dunn County. The permit was approved during the commission’s April 11 meeting. “Bear Creek is one of several gas processing projects under development in the state,” said commission…

XTO Energy relocates 20 employees to Williston office

XTO Energy Inc., a subsidiary of ExxonMobil, has added 20 jobs to its Williston Field Office. These moves came with the closure of their metro Denver office on Sept. 1, 2017. The closure was part of a larger effort to move employees closer to the field. Williston’s newest residents are…

Valley Expansion delivers warmth and supports growth

If you grew up on the Northern Plains, where the icy winter wind whips across fields of snow and down darkening city streets, where your cheeks burn from the cold even as you turn your back to the gale and lean your way toward the warm lights of home, then…