For months the news coming out of Midland has been positive – gradually increasing oil prices triggered a resurgence in activity in the Permian and Delaware Basins.  At the same time, the slow if steady rise in oil prices seemed to be doing little to increase activity in the northern Rockies.

On December 13, however, in the Director’s Cut issued by the NDIC (North Dakota Industrial Commission) Department of Mineral Resources, we may be seeing evidence of
Continue Reading Is the Oil Recovery Finally Reaching North Dakota?

drillingThe Energy Information Agency (EIA) announced yesterday that oil production in the nation is expected to drop in November to about 4.43 million barrels a day.  Overall, the EIA expects production declines in both the Eagle Ford Shale of south Texas and the Bakken in North Dakota and Montana of roughly 35,000 and 21,000 barrels per day, respectively.

At the same time, however, analysts are seeing the decline in domestic oil production slowing, with the expectation that it will begin increasing sometime in 2017 and into 2018.
Continue Reading U.S. Shale Oil Production – Different Basins, Different Stories