M&A report reveals positive year ahead for US shale

Oil prices aside, the year ahead for shale oil plays in the U.S. appears to be bright. Andrew Dittmar, an upstream analyst at PLS, a Houston-based information and transaction advisory firm, spoke to us about Wall Street, the Permian and the Bakken.

Army Corps planning environmental impact statement on DAPL

A notice this week from the U.S. Army Corps of Engineers that it intends to pursue an environmental impact statement for a Dakota Access Pipeline easement was harshly criticized by the North Dakota Petroleum Council and the MAIN Coalition.

Hess outlines 2017 Bakken vision: more rigs, more fracks

The Bakken's rig count will increase by as many as six rigs this year thanks to Hess Corp. In announcing its 2017 plans, the global operator said it would allocate roughly $700 million of a $2.2 billion budget to its Bakken operations.

Helms: North Dakota snowed under by new federal regulations

Winter weather will likely cause North Dakota's oil production to fall below 1 million barrels per day in the coming months, but DMR director Lynn Helms is also concerned about the blizzard of federal regulations hitting the oil and gas industry.

SM Energy exiting Williston Basin for Permian

SM Energy is attempting to exit the Williston Basin. The independent exploration and production firm that sold roughly 55,000 net acres to Oasis Petroleum for $785 million in October last year has now announced plans to sell its main assets.

Magnolia Petroleum planning for increased activity in 2017

With interests in producing wells in North Dakota and Oklahoma, Magnolia Petroleum said in its fourth quarter report that it's planning to bring nine new wells into production during 2017. The company is encouraged increased drilling activity.

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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