The Bakken Update - February 24, 2016

February 24, 2016

SM Energy’s 2016 Bakken plans: target DUCs, drill in Divide SM Energy Co., the independent exploration and production company with operations in the Eagle Ford, Permian and Bakken will focus on the Bakken and Permian in 2016. READ MORE SHARE
IEA report shows oil supply falling now, price spike looming The International Energy Agency, a global energy analysis entity, says the supply of oil is plunging due to low oil prices. The drop in supply is linked to light tight oil produced in the U.S. In five years, however, a price spike will occur. READ MORE SHARE
	ONEOK reports financial results for fourth quarter, 2015 ONEOK Partners LP reported a fourth-quarter 2015 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) significantly higher than the fourth-quarter of 2014 with fee-based earnings expected to increase. READ MORE SHARE
Iowa board expects Dakota Access Pipeline decision by March 10 The Iowa Utilities Board will meet March 9 to review a draft order on the Dakota Access Pipeline and expects to make a decision on the $3.78 billion project by March 10. READ MORE SHARE
Marathon Oil unveils capital expenditure plans for the Bakken Marathon Oil Corp. plans to allocate about $200 million of its $1.4 billion 2016 capital expenditure budget to activities in the Bakken, mostly for drilling and completions. READ MORE SHARE
	Paradigm Midstream and XTO reach oil gathering agreement An agreement between Paradigm Midstream Services and XTO Energy will enable crude from the Charlson Field in McKenzie County to be gathered and delivered to the Keene Central Delivery Point. READ MORE SHARE