Wednesday, September 19, 2012

Bakken Players' News Briefs

ONEOK Announces Open Season for Bakken Crude Express

Oklahoma-based ONEOK Partners, L.P. has announced that it is holding an open season for its previously announced Bakken Crude Express Pipeline. The open season process provides potential shippers the opportunity to execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service. The open season will begin Sept. 21, 2012, and conclude Nov. 20, 2012.

The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 barrels per day of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla. Construction of the pipeline is currently expected to begin in early 2014 and be completed by mid-2015. Read more...

Stratex Announces Billings County Acquisition

Connecticut-based Stratex Oil & Gas Holdings, Inc. today announced the acquisition of an interest in the "Double L" prospect in Billings County, North Dakota through a $427,921 all cash transaction. The gross acreage is 5,490.15 and the net acreage position is 62.852. The acquired acreage includes 8 producing Bakken wells, 3 currently drilling wells, and permitted Bakken well locations with several additional possible permitted locations. Read more

Kodiak Releases Update

Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today provided an interim corporate update on recent drilling and completion activities. Read more...


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