Tag Archives: oil

Economic expressway to market

History has a way of repeating itself, as the saying goes, and it certainly rings true for Alliance Pipeline. The idea behind Alliance’s original mainline was to help Western Canadian Sedimentary Basin producers move trapped natural gas to market. Fast-forward to today and a similar situation in the North Dakota…

USGS Bakken assessment. Behind the numbers: a closet optimists’ perspective

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 answers the naysayers with double and triple recoverable estimates

By Chris Faulkner, President & CEO, Breitling Energy Companies To paraphrase Mark Twain, reports of the Bakken formation’s demise have been greatly exaggerated. Earlier in the year, naysayers were wringing hands and sounding the death knell for the Bakken based on falling rig counts and wrong assumptions. As noted in…

Whiting Petroleum Corp. completes Williston Basin acquisition

Whiting Petroleum Corporation (NYSE: WLL) announced last Friday the closing of the previously announced $260 million acquisition from a private party of certain producing oil and gas wells and development acreage in the Williston Basin. The purchase price is subject to customary post-effective date closing adjustments for revenues and expenses. by

Whiting Petroleum Corporation announces agreement to acquire properties in the Williston Basin for $260 million

Whiting Petroleum Corporation (NYSE:WLL) announced on August 27, 2013 that it has signed a purchase and sale agreement with a private party to acquire certain producing oil and gas wells and development acreage in the Williston Basin in Williams and McKenzie counties of North Dakota and Roosevelt and Richland counties of Montana. The purchase price is $260 million, subject to customary adjustments, and the acquisition…

Whiting Petroleum Corp. announces second quarter 2013 financial and operating results

Record Q2 2013 Production of 93,380 BOE/d Up 4.8% over Q1 2013 Q2 2013 Net Income Available to Common Shareholders of $134.7 Million or $1.14 per Diluted Share and Adjusted Net Income of $121.3 Million or $1.02 per Diluted Share Q2 2013 Discretionary Cash Flow Totals a Record $440.9 Million…