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  1. BetaZi, P2 Energy Solutions team up

    Basin Studies provide full production forecasts on every well for each significant US oil and gas basin BetaZi LLC is now offering a product powered by its proprietary physics-based™ predictive analytics and P2 Energy Solutions' Tobin™ data: Basin Studies.  Each basin study includes a forecast on every well in the basin, delivered in a pre-loaded Spotfire database that includes: the BetaZi forecasts, associated type curves, pScores™, first-pass economics, and the Tobin well data. Results may be filtered by the user to provide a look at a reservoir, operator, county, or select asset grouping. Individual Basin Studies are available directly from BetaZi and will be released in this order: North Dakota/Bakken, Eagle Ford, Niobrara, Scoop, Stack, Permian, and Marcellus. Other basins are available by request. Each Study is based on the most current public data available on the date it was created. "These Basin Studies allow our clients to get to the high value analysis of an asset in a remarkably short time frame, with the highest levels of actionable intelligence and clean data on Day 1 of their assessment.  Producers and finance people are finding all kinds of new ways to use this information:  to rank operators, locate sweet spots, validate production assumptions, or benchmark their wells vs others'. The low price point makes it a must-have for everyone looking at these plays. Taking the work flow down from 2 months or more just to gather all the data to 2 minutes is also a definite game changer,” said Janette Conradson, CEO, BetaZi LLC. BetaZi creates production forecasting solutions for the oil and gas industry using physics-based predictive analytics. P2 Energy Solutions serves oil and gas entities worldwide with software and data solutions that reach across upstream domains from the back office to the field.

    Online Articles

    Online Articles

    Mon, 26 Sep 2016

  2. Resource Energy bids for Samson Bakken assets

    Resource Energy Can-Am LLC, Denver, entered a stalking-horse agreement with bankrupt Samson Resources Co., Tulsa, to buy Bakken play properties in North Dakota and Montana for $75 million.

    Online Articles

    Online Articles

    Fri, 9 Sep 2016

  3. Resource Energy enters Stalking Horse Agreement with Samson Resources

    Resource Energy Can-Am LLC has entered into a stalking horse asset purchase agreement with Samson Resources Company to acquire certain of Samson’s North Dakota and Montana properties in the Bakken .

    Online Articles

    Online Articles

    Thu, 8 Sep 2016

  4. Oil and Gas News: At least 15 protesters arrested at Iowa pipeline work site

    At least 15 people were arrested Saturday during a protest intended to block the construction of a major oil pipeline through southeast Iowa.

    Online Articles

    Online Articles

    Mon, 19 Sep 2016

  1. EIA: Bakken oil output to fall below 1 million b/d in August

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  2. Marathon Petroleum to join Bakken pipeline JV

    Marathon Petroleum has agreed to participate in the formation of a joint venture to invest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system.

    Online Articles

    Online Articles

    Wed, 3 Aug 2016

  3. EIA: Bakken oil output to remain below 1 million b/d in August

    Crude oil production in August from the Permian and Bakken is expected to remain below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration.

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  4. Enbridge-Marathon venture buys interest in Bakken Pipeline

    MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the ...

    Online Articles

    Online Articles

    Thu, 4 Aug 2016

  5. EIA now provides estimates of drilled but uncompleted wells in major production regions

    Starting this month, EIA's Drilling Productivity Report (DPR) includes monthly estimates of the number of drilled but uncompleted wells in the seven DPR regions.

    Online Articles

    Online Articles

    Wed, 14 Sep 2016

  6. Enbridge, Spectra merge to create $127-billion midstream company

    Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which the two companies will combine in a stock-for-stock merger transaction. The combination will create the largest energy infrastructure company in North America and one of the largest globally, the ...

    Online Articles

    Online Articles

    Tue, 6 Sep 2016

  7. Dakota Access construction temporarily blocked by DOJ, DOI

    The US Departments of Justice, Interior, and the Army jointly blocked construction of a portion of the proposed Dakota Access crude oil pipeline after a federal district judge rejected an Indian tribe’s request for a preliminary injunction.

    Online Articles

    Online Articles

    Mon, 12 Sep 2016

  8. EIA counts 5,000 DUC wells in major US shale regions

    Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US tight oil and shale gas producing regions totaled 5,031, down slightly from the 5,065 counted in July.

    Online Articles

    Online Articles

    Tue, 13 Sep 2016

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