Bakken Formation

Nikki Sorum, John Uribe Join Board of Directors for Alerus Financial Corporation

Retrieved on: 
Wednesday, December 13, 2023
Banking, Asset Management, Professional Services, Finance, Alerus, RedBrick Health, Economics, NCR Corporation, Harvard Business School, Organization, Blue Cross, McKinsey & Company, Financial system, Blue Shield, GE Commercial Finance, The Bakken, MBA, University, Indiana University Bloomington, Learn to Live, Indiana University, Knowledge, General Mills, Bakken Formation, Royal Bank of Canada, Management, Thrivent

Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce the addition of Nikki Sorum and John Uribe to its board of directors.

Key Points: 
  • Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce the addition of Nikki Sorum and John Uribe to its board of directors.
  • “We are honored to welcome these accomplished financial leaders to our board,” said Alerus CEO and President Katie Lorenson.
  • “Nikki and John have incredible depth of knowledge to contribute as we continue building on our company’s strong foundation.
  • Mr. Uribe brings more than 30 years of financial and strategic leadership experience with expertise in mergers and acquisitions, financial planning and analysis, and general management.

Verde Bio Holdings, Inc. Announces Acquisition in the Bakken Shale of North Dakota

Retrieved on: 
Thursday, March 24, 2022
Permian, Company, Private Securities Litigation Reform Act, Risk, Haynesville Shale, Heart, Bakken Formation, Mackenzie, CEO, Bangladesh Securities and Exchange Commission, Mineral, Securities Exchange Act of 1934, Securities Act of 1933, Slawson, GLOBE, OTCQB, Federal Lands Jobs and Energy Security Act, Anadarko Basin, Uncertainty, Annual report, Acquisition, Security (finance), Oil, Bank

The interests to be acquired are located in the heart of the Bakken in McKenzie and Williams Counties, North Dakota, and are operated by Slawson Exploration, which has established itself as one of the premier operators in the Bakken Shale.

Key Points: 
  • The interests to be acquired are located in the heart of the Bakken in McKenzie and Williams Counties, North Dakota, and are operated by Slawson Exploration, which has established itself as one of the premier operators in the Bakken Shale.
  • Slawson currently has two rigs running in the area and is currently drilling another well on the interest being acquired.
  • The interests currently produce combined revenue of approximately $5,500 per month and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after March 1, 2022.
  • Scott Cox, Founder and CEO of Verde, said, We are excited about adding these interests to our portfolio through this acquisition.

Goodnight Midstream Recognized by Conoco 2020 Vendor Service Award

Retrieved on: 
Tuesday, May 11, 2021
Geology, ConocoPhillips, Bakken Formation, Paleozoic, Geology, ConocoPhillips, Bakken Formation, Paleozoic

b'DALLAS, May 11, 2021 /PRNewswire/ --Goodnight Midstream ("Goodnight" or the "Company"), a leading oilfield water midstream company, today announced that it has been selected by ConocoPhillips as the winner of its "doing business better" Global Supplier Recognition Award (the "Award") for the second time since 2018.

Key Points: 
  • b'DALLAS, May 11, 2021 /PRNewswire/ --Goodnight Midstream ("Goodnight" or the "Company"), a leading oilfield water midstream company, today announced that it has been selected by ConocoPhillips as the winner of its "doing business better" Global Supplier Recognition Award (the "Award") for the second time since 2018.
  • Goodnight and ConocoPhillips have been working together since 2014 and this award once again recognizes Goodnight\'s operational achievements and customer-focused approach.
  • We are pleased that our values and resulting performance have been recognized through this Award.
  • Goodnight Midstream holds significant positions in the Permian Basin, the Bakken Formation and the Eagle Ford Shale.

Oil & Gas Deal Value Falls 88% in 1Q21 to $3.4 Billion

Retrieved on: 
Thursday, April 8, 2021
Geology, Sedimentary rocks, Bakken Formation, Western Canadian Sedimentary Basin

The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.

Key Points: 
  • The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.
  • Q1 deal activity largely focused on production-heavy assets in legacy oil plays.
  • Combined, the Bakken and Eagle Ford accounted for two-thirds of deal value.
  • A strong rally in crude oil prices improving cash flow from these more developed areas likely helped spur the additional buyer interest.

Allied Energy Signs Binding Agreement and Acquires 80% Revenue Interest in Multiple Northern Texas Oil Wells

Retrieved on: 
Monday, March 22, 2021
Oil well, Inventions, Fossil fuels, Science and technology, Economies, Bakken Formation, Wattenberg Gas Field

Allied Energy's land position will allow the company to develop up to ten additional wells in the surrounding Baylor County Texas area known locally as the "Green Lease."

Key Points: 
  • Allied Energy's land position will allow the company to develop up to ten additional wells in the surrounding Baylor County Texas area known locally as the "Green Lease."
  • The Company's goal before summer is to have multiple wells at two different lease locations producing daily, with more new wells coming online throughout 2021.
  • About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States.
  • The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States.

STEP Energy Services and Universal Chemical Solutions Agree to Deliver Post-Production Stimulation Services

Retrieved on: 
Thursday, February 4, 2021
Petroleum production, Oil wells, Petroleum industry, Geology, Sedimentary rocks, Bakken Formation, Coiled tubing, Wireline, Petroleum reservoir

CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) and Universal Chemical Solutions, Inc. (UCS) are pleased to announce they have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.

Key Points: 
  • CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) and Universal Chemical Solutions, Inc. (UCS) are pleased to announce they have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.
  • STEP expects that producers will be able to increase recovery rates of their declining assets with a single pumping treatment into the hydrocarbon bearing reservoir.
  • In collaboration with interested energy producers, well candidates will be identified by STEP and UCS using reservoir modelling expertise.
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

Northern Oil and Gas, Inc. Provides Link to Upcoming Webcast Presentation and Update on Additional Debt Reduction

Retrieved on: 
Monday, May 18, 2020
Oil, Gas, Energy, Geology of the United States, Regions of the United States, Geology of North America, Geology of Montana, Geology of North Dakota, Geology of Saskatchewan, Williston Basin, Bakken Formation, Crescent Point Energy

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that management will be participating in the UBS Virtual Global Oil and Gas Conference on Tuesday May 19, 2020.

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that management will be participating in the UBS Virtual Global Oil and Gas Conference on Tuesday May 19, 2020.
  • Furthermore, Northern provided details associated with its recent debt reduction activity.
  • ABOUT NORTHERN OIL AND GAS, INC.
    Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.
  • More information about Northern Oil and Gas, Inc. can be found at www.northernoil.com .

U.S. Energy Corp. Announces First Quarter Financial and Operating Results

Retrieved on: 
Thursday, May 14, 2020
Geology of Montana, Geology of North Dakota, Geology of Saskatchewan, Williston Basin, Energy industry, Energy, Geology of North America, Economy, Bakken Formation

We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States.

Key Points: 
  • We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States.
  • Our business is currently focused in the Williston Basin of North Dakota and South Texas.
  • We target low decline assets with existing infrastructure that allows us to maximize our return on capital in a cost effective and sustainable manner.
  • More information about U.S. Energy Corp. can be found at www.usnrg.com.

U.S. Energy Corp. Announces Full Year 2019 Financial and Operating Results

Retrieved on: 
Monday, March 30, 2020
Geology of Montana, Geology of North Dakota, Geology of Saskatchewan, Williston Basin, Energy industry, Energy, Geology of North America, Economy, Bakken Formation

We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States.

Key Points: 
  • We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States.
  • Our business is currently focused in the Williston Basin of North Dakota and South Texas.
  • We target low decline assets with existing infrastructure that allows us to maximize our return on capital in a cost effective and sustainable manner.
  • More information about U.S. Energy Corp. can be found at www.usnrg.com.

U.S. Energy Corp. Announces Transaction to Acquire New Horizon Resources, LLC

Retrieved on: 
Thursday, March 5, 2020
Energy economics, Energy, Energy development, Energy industry, Industries, Williston Basin, Geology of the United States, Geology of North America, Bakken Formation, Target Lodging

U.S. Energy is an independent energy company focused on the acquisition and development of oil and gas producing properties in the United States.

Key Points: 
  • U.S. Energy is an independent energy company focused on the acquisition and development of oil and gas producing properties in the United States.
  • Our business is currently focused in the Williston Basin of North Dakota and South Texas.
  • We target low decline assets with existing infrastructure that allows us to maximize our return on capital in a cost effective and sustainable manner.
  • More information about U.S. Energy Corp. can be found at www.usnrg.com.