Next-gen drill rig designer finding interest in Bakken

If Bakken operators are willing to think differently during times of low oil prices, there are opportunities to generate positive margins, said Mike Dynan, vice president of strategic development for a drilling rig maker with plans for the Bakken.
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Helms: State's largest-ever production drop not a trend

The month of April saw North Dakota's largest ever drop in oil production. However, Lynn Helms, director of the state's Department of Mineral Resources, said that while decrease wasn't surprising, other factors made it greater than expected.
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NY equity firm infuses $150M into Bakken-focused non operator

New York-based private equity firm Crestview Partners is investing $150 million to become part of the Bakken shale play. Crestview has backed a newly formed non-operating exploration and production company formed by Bakken industry vets.
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EIA: OPEC oil export revenues down 46 percent

The Organization of the Petroleum Exporting Countries (OPEC) experienced a 46 percent decline from net oil export revenues in 2015 compared to 2014, according to the U.S. Energy Information Administration.
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UPDATE: Liberty completes acquisition of Sanjel’s US assets

Liberty Oilfield Services has finalized the purchase of Sanjel Corp.'s U.S. assets. The completed deal adds roughly 250,000 pressure pumping horsepower to Liberty's fleet. Investors also provided the Denver-firm with an added $100 million.
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Congress tackles energy policies impacting oil and gas

Members of Congress and an industry organization were critical of proposals to levy a carbon tax and impose a $10 per barrel tax. In the Senate, there was general agreement that a change in energy policy was needed.
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Industry Events

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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