Articles tagged Williston Basin

Multi-basin exploration and production firm EOG Resources Inc. is maintaining its natural gas activity as it looks toward better demand dynamics next year, management said in its 2Q2024 earnings call.

Lower 48 stalwart Devon Energy Corp. has taken a leap into the super-charged acquisition game, with a goal to triple its Williston Basin production, by snapping up private equity-backed Grayson Mill Energy LLC in a $5 billion cash-and-stock takeover.

Rising gas-to-oil ratios (GOR) and a mandate to stamp out flaring in the Bakken Shale mean opportunity for the Williston Basin’s leading natural gas processor, Oneok Inc., management said Tuesday.

The U.S. natural gas drilling count rose three units to 117 for the period ending Wednesday (Nov. 22) as the Haynesville and Marcellus shales picked up rigs, Baker Hughes Co. (BKR) data show.

Production continues to edge upward in North Dakota’s oil and natural gas patch, with total output growing by 3% in June versus May, according to the state’s Department of Mineral Resources (DMR).

Williston Basin pure-play Chord Energy Corp. has agreed to acquire a package of assets from ExxonMobil subsidiary XTO Energy Inc. in a cash transaction valued at $375 million.

It’s a good time to be in the natural gas gathering and processing (G&P) business, particularly in oil-weighted basins such as the Permian, Powder River and Williston, according to Crestwood Equity Partners LP CEO Robert Phillips.

Devon Energy Corp. is planning to focus a majority of its capital on the Permian Basin’s Delaware sub-basin this year, management said Wednesday.

Sitio Royalties Corp. and Brigham Minerals Inc. said Tuesday they have agreed to merge in a roughly $4.8 billion, all-stock transaction.

Northern Oil and Gas Inc. posted record production and earnings during the second quarter, led by Permian Basin activities, as it pursues acquisitions in the Williston Basin and elsewhere.