Tag Archives: Williston Basin
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…
Hoeven Presses USGS Nominee for Update of Oil Reserves in Williston Basin
Senator worked with USGS to secure last estimate released in 2013 At a Senate Energy Committee hearing this week, Senator John Hoeven asked Dr. Suzette M. Kimball Ph.D, the nominee to be director of the U.S. Geological Survey (USGS), to update the USGS study of recoverable reserves in the Williston…
WBI Energy celebrates 30 years of operation
2015 marks significant anniversary It was 1985. Ronald Reagan was president and George H.W. Bush was vice president. A movie called Back to the Future broke box office records and the San Francisco 49ers won Super Bowl XIX. Meanwhile, in North Dakota, a new company within a corporation called MDU…
Plains All American Pipeline acquires Williston Basin crude oil terminal under construction
Plains All American Pipeline, L.P. (NYSE: PAA) today announced Friday it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude…
Growing with the Bakken: Enerplus and the community
Enerplus is coming off a landmark 2013 in the Williston Basin. The company’s record production last year sets the stage for more growth in 2014. by
Expansion projects improve Bakken takeaway capacity
By Lisa Fattori As Bakken oil production reaches one million barrels per day (bpd), sufficient takeaway capacity and access to preferred markets continues to be a priority among shippers. Expanded crude-by-rail services, combined with new pipeline infrastructure, are together working to meet the current demand and will ramp-up to accommodate…
