Topic: Dunn County ND

Oasis Petroleum Settles in For Lower for Longer, Keeps Rig Activity Lower 

Oasis Petroleum (NYSE: OAS) is a pure play operator in the Williston basin having about 485,000 net acres. The company expects production to be in the range of 48.5 to 49.5 Mboepd for 2016 which was increased since the previous guidance. Oasis has cut capital expenditures by just over half for the 2016 year down to $200 million for drilling and completion activity. The company expects to spend another $200 million on midstream services and other expenses. Year to date...

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A Look into Dunn County (ND): Permitting Drops to Zero and C&J Gains Market Share

Drilling deeper into activity in North Dakota we take a look at how Dunn county has tolerated the oil price slump. Operators like ConocoPhillips (NYSE: COP), Marathon (NYSE: MRO), HRC Operating, and ExxonMobil (NYSE: XOM) are still active. Since the start of the year, there have been few completions with 9 in January and only one in February.Permitting Tumbles to Zero Permit activity has slowed from a peak of 51 permits in October of 2014 to most recently 16 in the...

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Land Rig Count Drops to 1599 as WTI Crude Increases to $48.45

US Land Rigs dropped -4.4% this week to 1599 from 1673, as reported in the weekly Baker Hughes Rig Count. The horizontal rig count dropped to 1247, a -3.6% decline in activity. WTI Crude edged up to $48.45. Top 3 Shale Plays Drop 33 Rigs Permian Basin is -15 compared to previous week and +9 compared to last year at this time. 30% of the US land rigs operate in the Permian Basin. Horizontal drilling activity remains strong with over 69% of the rigs drilling (see...

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