Oil and gas producer Hess Corp expects to add a fourth rig in Bakken shale of North Dakota next month, Chief Executive John Hess said on Thursday, a sign that operators are inching towards greater ...

US-based independent Ovintiv has sold assets in the Uinta basin and the Bakken shale for about $250 million to help fund the doubling of cash returns to shareholders. Ovintiv did not disclose the ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. New technology with respect to land drilling for oil and natural gas has made a huge impact on several states in ...

For years Big Oil producers chased U.S. shale profits with big spending hikes while seeking something even more elusive than the next big gusher: steady, sustained profitability. Now Chevron, long the ...

NEW YORK, Oct 30 (Reuters) - Chevron's CVX.Ndealannounced last week to buy Hess HES.N, one of the largest operators in the Bakken shale play in North Dakota, could raise oil output there marginally ...

BISMARCK, N.D. — A single successful oil well tapped below the Bakken shale formation in western North Dakota has spurred speculation that a separate — and perhaps rich — oil-producing reservoir may ...

NEW YORK (Reuters) - XTO Energy Inc said on Wednesday it would pay $1.85 billion in cash and stock to buy more than 350,000 acres of property in the Bakken Shale region of the western United States.

FARGO -- The Bakken Formation's oil bonanza was triggered eons ago in a story involving a cast of millions, earthly upheavals, heat and pressure -- lots and lots of pressure. It's actually a very ...

Again, like the Bakken, it consists of layers of dark, organic-rich shale. However, unlike the Bakken, the New Albany has responded fairly well to traditional, vertical well drilling because it has a ...

NEW YORK (Reuters) - Occidental Petroleum was among the first major U.S. oil drillers to make a big bet on the resurgence of domestic production, spending billions to grab oil patches from Texas to ...