Petro-Hunt contracted to operate former Bakken producer's assets

Petro-Hunt LLC, a privately-held operator based in Dallas with existing operations in the Bakken, has been contracted to take over where Emerald Oil left off. In November, Emerald Oil LLC completed bankruptcy proceedings, including an asset sale.

US Strategic Petroleum Reserve selling sweet crude

The U.S. Department of Energy is selling 8 million barrels of sweet crude oil from its Strategic Petroleum Reserve. The sale will net the DOE $375.4 million and is only the third such sale of its kind in the last six years.

EIA outlook: US set to become net energy exporter by 2050

For the first time, the Energy Information Administration is making U.S. energy market projections out to 2050 in its Annual Energy Outlook. The agency says that under the right conditions, America could become a net energy exporter.

Army Corps will not change permitting process for oil pipelines

In a blow to opponents of the Dakota Access Pipeline project, the U.S. Army Corps of Engineers announced one revised and two new permits, but did not include any changes to Nationwide Permit 12, the process the Corps used to permit the project.

Using FRAC as ticker symbol, Keane to go public

Keane Group Inc. is going public using the New York Stock Exchange ticker symbol FRAC. The Houston-based entity anticipates pricing its public shares between $17 and $19 per share in its initial public offering.

New API report stresses the need for fracking and pipelines

A new report from the American Petroleum Institute on the state of energy not only makes a strong case for oil and gas production in the U.S. from fracking, but also highlights the need for modern pipelines and other energy infrastructure.

Industry Events

NAPE Summit

February 15-17, 2017
George R. Brown Convention Center
Houston, Texas

2017 Williston Basin Petroleum Conference

May 2-4, 2017
Evraz Place
Regina, Saskatchewan

The Bakken Conference & Expo

July 17-19, 2017
Bismarck Event Center
Bismarck, North Dakota

Summer NAPE

August 16-17, 2017
George R. Brown Convention Center
Houston, Texas

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