Shale News

    White House leaders to meet in Bismarck next month

    On August 8, federal and White House leaders will meet on the Bismarck State College campus as part of a national review of the country’s energy strategy.

    Next month’s meeting is being led by the U.S. Department of Energy. DOE Secretary Ernest Moniz and U.S. Department of Transportation Secretary Anthony Foxx, along with U.S. Senators Heidi Heitkamp, who proposed the meeting be held in North Dakota, and John Hoeven, who proposed establishing a quadrennial energy review, will speak during the meeting.

    Bakken Shale Rig Count Increases by Five to 182

    The Bakken-Three Forks rig count increased by five to 182 rigs running across our coverage area by the end of last week. The NDIC notes 196 rigs are active in North Dakota, but around 14 of those are in the process of moving in and rigging up.

    In recent Bakken news, Whiting Petroleum announced on July 13, 2014, that it would acquire Kodiak Oil & Gas, in an all stock transaction, for $3.8 billion. The deal makes the combined company the largest Bakken/Three Forks producer, unseating Harold Hamm’s Continental Resources from the top spot.

    The Shale Surge: $80 Billion Economic Boom Is Reshaping North American Cities

    HOUSTON, TX--(Marketwired - July 21, 2014) - JLL (NYSE: JLL) -- Shale zone communities have discovered yet another benefit from their surging economic growth: more of everything. Small towns like Williston, North Dakota, which has relatively little retail, are now catching the eye of major brands like Whole Foods and Trader Joe's.

    EnerJex Resources announces operations update and acceleration of drilling

    EnerJex Resources, Inc. (NYSE MKT: ENRJ) ("EnerJex" or the "Company"), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties located in the mid-continent region of the United States, announced today an update on its operations and the acceleration of its drilling and development activities in Colorado and Kansas.

    The Bakken brand: Bakken-themed merchandise is taking off

    DICKINSON, N.D. — Oil isn’t the only item for which the “Bakken” name will move product.

    The popularity of Bakken-branded foods, souvenirs and clothing is showing how the oil boom isn’t only affecting the economy — it’s a national story. Whether it’s on a T-shirt in a gas station, a candy bar or a brand of beer, the Bakken and North Dakota’s oil boom are a hot trend.ADVERTISEMENT

    Caprock announces agreement for field project in Texas

    Caprock Oil, Inc. (OTC:ROKO.OB) has announced that it has entered into a participation agreement with private Houston based Rio Bravo Energy Partners, LLC to acquire a 20 percent working interest in a proposed gas development project in the Goldman Field in Edwards County, Texas. Caprock acquired its working interest from Rio Bravo by the issuance of 120,000 shares of its restricted Common Stock, and by agreeing to assume the obligation for 20% of the costs of drilling an initial well which is expected to commence late in the third quarter of 2014.

    Cardinal Energy eyes more acreage in Texas

    Cardinal Energy Group Inc., which recentlysigned a deal for 2,800 acres in the Eagle Ford shale play, is on the prowl for additional drilling sites in the south Texas oil-and-gas fields and in west Texas' Permian Basin.

    Dublin-based Cardinal initially focused on purchasing underperforming and abandoned oil assets, but has since expanded its business plan to picking up undervalued acreage in booming plays such as the Eagle Ford, says John May, its senior vice president.

    Pipe dream: Front Range project gives Colorado an edge in natural gas liquids industry

    The Front Range Pipeline that runs through eastern El Paso County has positioned Colorado to take advantage of the burgeoning market for natural gas liquids.

    The pipeline, which began operating in February, is expected to become increasingly important as the state’s production of natural gas liquids (NGLs) continues to grow. Last year, the Denver-Julesburg basin produced about 53,000 barrels of NGLs per day; by 2019, that number is expected to nearly double, according to research by Bentek Energy, a Denver-based energy analytics firm.

    Kinder Morgan Bets on Massive Pipeline Demand in Marcellus, Utica Shales

    SUGAR LAND, TX--(Marketwired - Jul 18, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Energy pipeline transportation and storage company Kinder Morgan Energy Partners LP (NYSE:KMP) (KMP) (Houston, Texas), whose general partner is owned by Kinder Morgan Incorporated (NYSE:KMI) (KMI) (Houston), reported solid growth in the second quarter of 2014, as booming pipeline business in the Marcellus and Utica shales, as well as expanded oil and gas activity in the Permian Basin and Eagle Ford Shale, strengthened the company's revenues and backlog.

    Shale upstarts merge in long shadow of Big Oil

    The $6 billion deal announced last week between Whiting Petroleum andKodiak Oil and Gas has fanned expectations that more U.S. energy producers will actively seek deals—the better to capitalize on a surge of shale that is expected to push U.S. production close to 10 million barrels of oil per day.

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