
Articles
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2 days 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.
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2 days 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.
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3 days 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.
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4 days ago |
hartenergy.com | Chris Mathews
It was 25 years ago, in a nondescript corner of eastern Montana, that wildcatters unlocked the recipe that would turn the U.S. into the world’s top oil producer. On May 26, 2000, the first stimulated horizontal oil well was landed targeting the middle Bakken Formation in Montana’s Elm Coulee Field. The independent-fueled “shale revolution” that followed shocked the OPEC cartel, the oil supermajors, Wall Street experts—and even the independents themselves.
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4 days ago |
hartenergy.com | Chris Mathews
Terra Energy Partners II said June 3 it has launched with backing from private equity firm Kayne Anderson. Terra II has secured $300 million in equity commitments from Kayne Private Energy Income Fund III LP and members of the company’s management team. Terra II will focus on acquiring and developing “large, cash flowing oil and natural gas assets with significant existing production throughout the Lower 48,” the company said.
Journalists covering the same region

Julye Keeble
Staff Writer at Uvalde Leader-News
Julye Keeble primarily covers news in the Texas Hill Country region, including areas around Kerrville and Fredericksburg, Texas, United States.
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