High-frack intensity, multilateral drilling could help Bakken

Calgary-based Packers Plus Energy Services Inc. recently closed its facility in Estevan, but company CEO Dan Themig is optimistic that technological developments on the horizon will change the economics of Williston Basin production.
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ND's oil production falls less than expected

While low oil prices continue to negatively impact North Dakota oil production, crude production remained above 1.1 million barrels per day in March and gas production reached an all-time high.
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Cramer, API criticize EPA’s new methane emission standards

North Dakota Congressman Kevin Cramer said the Obama administration was playing favorites when the EPA issued new methane emission standards that harm the oil and gas industry. The API was also critical of their impact.
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Continental Resources to work down Bakken DUCs at $50 oil

Jeff Hume, vice chairman of strategic growth initiatives, said that when oil prices steady at $45/b, the company will apply incoming cash flow to reducing debt. When oil raises another $5/b, the company will add a Bakken completion crew for DUCs.
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For now, EOG eyes premium locations only, plans for 2017 growth

EOG Resources has made a significant shift in its drilling program. The exploration and production company has decided it will only drill new horizontal wells in unconventional oil plays when it can earn a 30 percent IRR at $40/b oil.
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Halcon may look to restructuring options

For the second straight quarter, Halcon Resources Corp. kept its update short and provided no question and answer period. In its Q1 investor presentation, Halcon noted that it would be “an attractive acquisition target post-restructuring.”
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Industry Events

Williston Basin Petroleum Conference

May 24-26, 2016
Bismarck Event Center
Bismarck, North Dakota

Unconventional Resources Technology Conference (URTeC)

August 1-3, 2016
Henry B. Gonzalez Convention Center
San Antonio, Texas

2016 OKC Oilfield Expo

August 17-18, 2016
Cox Convention Center
Oklahoma City, Oklahoma

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