Charlie Passut – April 28, 2017- Natural Gas Intelligence Shale Daily “We don’t have any plans for further JVs in the Williston Basin,” Volker said. But he added that in the Niobrara Shale, “there are several parties who’ve contacted us and are interested in doing drilling out there because they realized we’ve got 5,000 drilling locations. We are talking to some of them. They like the economics, even with oil in the $40-50 range.”
Whiting Petroleum Corp. said the addition of new pipeline infrastructure in the Williston Basin in the first quarter helped drop oil differentials below the low end of its guidance, while its operations team helped lower its lease operating expenses (LOE) during the downturn in oil prices.
The Denver-based producer, one of the largest oil producers in North Dakota’s Bakken Shale, also reported production above the high end of its guidance for the quarter, and raised its production forecast for the remainder of the year. Continue reading “Whiting Sees Lower Costs, Raises Production Guidance” »