Chris Mathews

1 week ago | hartenergy.com | Chris Mathews

CASPER, Wyoming—Continental Resources is targeting full-scale development of the Powder River Basin’s oily stacked pay. Oklahoma City-based Continental’s footprints in the Williston, Anadarko and Permian basins make up the bulk of its proved reserves. But Continental also sees “a massive resource potential” in Wyoming, said Jake Hunter, Powder River Basin asset manager for Continental.

2 weeks ago | hartenergy.com | Chris Mathews

CASPER, Wyoming—Wyoming’s Powder River oil play faces unique challenges, but Wyoming Gov. Mark Gordon sees growth on the horizon. The Powder River Basin is a higher-cost basin to develop than the mighty Permian Basin or other Rockies plays like the Bakken Shale and Denver-Julesburg Basin. But the remaining runway is immense in the Powder River Basin’s oily stacked pay, where delineation of the play’s Niobrara and Mowry shales is in the early innings.

3 weeks ago | hartenergy.com | Chris Mathews

The Bakken has been repeatedly targeted for over 25 years, but Chord Energy is still finding ways to extract more from the maturing basin. Over 6 Bbbl of crude have produced from the Williston Basin, primarily from the Bakken formation, according to North Dakota and Montana state data. Most of it has produced since 2000, when the first stimulated horizontal well landed targeting the middle Bakken came online in Montana’s Elm Coulee Field.

3 weeks ago | hartenergy.com | Chris Mathews

Canadian firm Vermilion Energy is selling its last U.S. assets for cash proceeds of CA$120 million (~US$88 million). The assets in the Powder River Basin include an average of 5,500 boe/d (81% oil and liquids) of production and 10 MMboe of proved developed producing (PDP) reserves. Calgary-based Vermilion told investors it had launched a formal sales process for the Wyoming assets in the first quarter. The assets include multi-zone development potential across the Niobrara and Parkman benches.

3 weeks ago | hartenergy.com | Chris Mathews

Asian, Middle Eastern and European buyers want a piece of U.S. shale gas, and they want it now. Jeet Benipal, managing partner at Greenhill, a Mizuho affiliate, said there’s at least five or six different shale gas deals on the market right now. “If I were to add all of them together, we’re probably looking at $10-plus billion,” Benipal said June 4 during Hart Energy’s Energy Capital Conference.