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Exclusives

Bakken crude: Could pipelines replace the need for oil-by-rail?

The transportation of Bakken crude is beginning to shift away from the railways and into pipelines as production levels off in the wake of last year’s price collapse and more oil and gas pipelines are brought online. Rusty Braziel, analyst with RBN Energy, explained, “Since 2012 a combination of rail and pipeline has given Bakken producers ample crude takeaway capacity, ...

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Breaking even: Bakken still profitable, but barely

The oil price crash just can’t keep a good shale driller down. According to a Bloomberg Intelligence analysis, parts of North Dakota’s Bakken shale formation continue to be profitable at less than $30 per barrel, half the amount of some predictions gave last year when prices began to drop. As companies tap larger wells and reap the benefits of decreased ...

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Louisiana’s Abita Springs wetlands safe for now

In a state ruled by the oil and gas industry lies Abita Springs, a parish known for pristine waters and quality living. Their clean waters are so well known that Abita Brewery is stationed here. A new development suggests their surrounding wetlands, the main drinking water source for the town, sit atop valuable fossil fuels. Helis Oil & Gas Co. ...

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Morgan Stanley benefits from Eureka Hunter sale

Earlier this week, Magnum Hunter Resources Corp. shared it will be selling its interests in its Eureka Hunter pipeline system to help battle the industry’s downward spiral. Well, Magnum Hunter isn’t the only company that will be benefiting from the sale. Magnum Hunter’s partner Morgan Stanley, who owns 53 percent of the pipeline system, will also see some impact come ...

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Devon, Denbury, Shell and Vine O&G unlock automation opportunity

Shale production has rocketed from 100 kboe/d to 7,500 kboe/d in less than 10 years. During the same time, shale plays across North America have seen hugely impactful developments, with drilling costs declining and productivity per well increasing. The adoption of digital technologies has been critical to this, supporting the fact that the digital oilfield services market is set to ...

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Oneok to connect 700 Bakken gas wells by year’s end

Last week Oklahoma-based natural gas company Oneok reported that it was on schedule to connect over 700 wells in the Williston Basin by the end of this year, and more than 600 next year. As reported by Reuters, Oneok Partners CEO Terry Spencer said the company has already connected more than 260 new wells in the Bakken region during the ...

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Nagle: Energy Efficiency mutually beneficial in New Mexico

Looks like energy efficiency benefits energy producers as well as consumers in New Mexico, the Albuquerque Business Journal reports. Cynthia Nagle, who directs marketing for PNM Resources’ business energy efficiency programs says the company was able to avoid building more facilities by offering rebates: One of the ways [that PNM is able to pay out rebates] is that every business ...

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Shell discharged 163 tons worth of toxic gas at Deer Park facility

natural gas

Last Sunday morning, over 300,000 pounds worth of toxic gas was accidentally released into the air at the Deer Park Shell Oil facility. According to reports from the Texas Commission on Environmental Quality (TCEQ), the emission hazard in Southeastern Texas was occurred at approximately 10:40 am at the Shell Deer Park site. Operating personnel discovered the leak roughly 15 minutes ...

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O&G exec sets sights on film

While oil exploration and filmmaking make for an interesting combination on a LinkedIn profile, oil executive William Divine plans to try his hand at film production. Variety reports Divine, a 30-year energy industry veteran, recently launched Divine Discoveries Productions and plans to offer a more positive perspective of the oil and gas industry. The production company, a subsidiary of consultancy ...

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Helms: Bakken core still profitable

North Dakota Department of Mineral Resources Director Lynn Helms, the state’s top oil regulator, says drilling is still very profitable in the Bakken’s core of Dunn, MnKenzie, Mountrail and Williams counties. As reported by the Williston Herald, Lynn Helms said these core counties were home to more than half of last Thursday’s 73 active drilling rigs. Despite the current average ...

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