Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.
July 8, 2024Government, Business, Fuel
Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Business, Fuel
Whiting, Oasis to Merge as Bakken M&A Warms Up
Oasis Petroleum Inc. and Whiting Petroleum Corp. agreed to combine, creating a new oil producer focused on North Dakota’s Bakken shale patch with an enterprise value of about $6 billion.
March 7, 2022Business, Fuel
Oil Production Jumps in March Even as US Drilling Collapses
The United States keeps pumping oil at a near-record pace in spite of the collapse in prices over the past year and cutbacks in drilling.
April 15, 2015Business
US Oil Boom Could End in May After Price Collapse
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.
April 13, 2015Business, Fuel
Oil Drops Below $45; U.S. Stockpiles May Speed Collapse
Oil extended losses to trade below $45 a barrel amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5½ years.
January 13, 2015Business
Government Tells Railroads to Avoid Older Tank Cars
The federal government has told railroads to avoid using older model tank cars when transporting Bakken crude oil.
May 8, 2014Government
US DOT Orders Shippers to Test Oil From Bakken Region Before Transport by Rail
The U.S. Department of Transportation issued an emergency order requiring shippers to test product from the Bakken region in North Dakota and Montana to ensure proper classification of crude oil before it is transported by rail.
February 26, 2014