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Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
Canada’s Crude Oil Production Expects Produce 4.5 Million Barrels of Oil a day
In its annual forecast of Canada’s crude oil production through 2020, the Canadian Association of Petroleum Producers said it expects the country will produce 4.5 million barrels of oil per day (bpd) in 12 years, double current output, with U.S. refiners taking the lion’s share of the supply increase.
And while the group called for 2015 [...]
North Dakota’s mineral resource leader gives estimate of oil in Bakken formation
North Dakota’s own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion barrels, Lynn Helms reported this morning at a conference here.
Helms, director of the state’s department of mineral resources, said that estimate is based on a [...]
Saskatchewan New Invest and Find More Oil Mining Exploration Location
Energy finds in Saskatchewan, New Brunswick, North Dakota and Pennsylvania could give investors cheap, low-risk — albeit unconventional — entries into oil and gas now, and handsome profits later.
Western North Dakota and western Pennsylvania, by which I mean the middle of nowhere, are on track to become the center of the universe for energy companies [...]
Oil Rigs Begin Drilling in North Dakota’s, The Big Lake
Oil companies are now drilling beneath North Dakota’s big lake.
Oil companies are using advanced horizontal drill techniques to tap crude oil and gas underneath Lake Sakakawea.
State mineral resources director Lynn Helms says it’s a logical extension to the formation known as the Middle Bakken. The formation lies two miles under the surface in western North [...]
Progress on tax-sharing oil agreement lags
Negotiations on an agreement to help spur oil exploration on Fort Berthold Indian Reservation should intensify soon, prompted by recent oil discoveries on the reservation’s outskirts, state and tribal officials say.
However, the talks will have some complex employment, tax and regulatory differences to resolve, participants say. The Three Affiliated Tribes has its own oil production [...]
Northern Oil and Gas, Inc. Announces Agreement to Acquire Appalachia Basin Acreage
Northern Oil and Gas, Inc. announced today that it has entered into an Agreement to acquire approximately 10,000 net mineral acres in the Appalachia Basin. The acreage is located in the “Finger Lakes” region in Yates County, New York. Seismic studies associated with the acreage show a highly fractured fault system in the Trenton-Black River [...]
Northern Oil and Gas, Inc. Announces Agreement to Acquire Appalachia Basin Acreage
Northern Oil and Gas, Inc. (OTCBB: NOGS) announced today that it has entered into an Agreement to acquire approximately 10,000 net mineral acres in the Appalachia Basin. The acreage is located in the “Finger Lakes” region in Yates County, New York. Seismic studies associated with the acreage show a highly fractured fault system in the [...]
Charges to Income Lead to Pogo’s First Quarter Net Loss;
In the first quarter of 2007, Pogo Producing Company (Nachrichten) reported a net loss of ($21,195,000), or ($0.37) per share, on revenues of $351,406,000, compared to first quarter 2006 net income of $67,471,000, or $1.18 per share, on revenues of $373,538,000. Discretionary cash flow in the first quarter of 2007 was $163,574,000, down from $192,261,000 [...]
