Tag Archives: Bakken

Upwing Energy to Exhibit Downhole Gas Compressor Technology at its First Shale Insight Conference

Company to showcase Subsurface Compressor System™ that uses magnetic technologies to solve the challenges of liquid loading in shale gas well Upwing Energy, an artificial lift technology company, will showcase its Subsurface Compressor System™ (SCS) for gas wells at its first Shale Insight conference from October 23-24. This industry leading…

Investing and expanding with education

Companies operating throughout North Dakota and in the Bakken region may differ in size, scope and mission, but many of them share one common challenge – recruiting, developing and maintaining a skilled workforce. One effective solution to the challenge has been for organizations to look within themselves and invest in…

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…

Industrial Commission Amends Crude Oil Conditioning Standards

On January 18, 2019, the North Dakota Industrial Commission approved amendments to the crude oil conditioning requirements as outlined in Commission Order No. 29398 in Case No. 29398. The amendments include the addition of a commission-approved oil conditioning policy/guidance that will continue to ensure the safe transportation and marketability of…

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…

Bakken communities adopting strategies to address workforce shortage

Companies in the oil business sometimes struggle for capital. Others have to contend with tough terrain or harsh weather. And some are forced to cope with environmental opposition. But in North Dakota these days, the biggest obstacle to success is finding enough workers to do the job. Bakken oil producers…