Posts Tagged ‘bakken’

Vanguard Natural Resources to acquire properties in Montana

by on November 16, 2012 3:06 am BST
Vanguard Natural Resources to acquire properties in MontanaVanguard Natural Resources today announced it has entered into a definitive agreement with an undisclosed seller to acquire certain non operated oil and natural gas assets in Montana for a purchase price of $131.0 million. However, the properties under the agreement are subject

US rig count gains six

by on November 9, 2012 6:44 pm BST
Rigs drilling for oil were up by 16 for 1389 while those drilling for gas were down 11 for 413, back to the normal recent trend compared to last week amid an industry-wide pullback in gas drilling.Texas, as usual, was the biggest mover this week, adding 12 rigs for a total of 852. The

Magnolia Petroleum starts drilling at 2 Statoil operated wells

by on November 8, 2012 3:09 am BST
Magnolia Petroleum starts drilling at 2 Statoil operated wellsLONDON -- Magnolia Petroleum an onshore oil and gas exploration and production company, said drilling has started at the Jake 2 11-1H and the Jake 2-11 TFH wells operated by Statoil, successor to Brigham Oil & Gas, and targeting the prolific Bakken Three Forks Sanish formations, North

Derivatives dent Denbury profit

by on November 6, 2012 2:11 pm BST
The company said, however, that full-year production looks to be on track to hit the higher end of previous forecasts as it benefits from a ramp-up in Bakken numbers.Denbury posted a net profit of $85.37 million in the three months to the end of September as against