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EIA: North Dakota oil production reached new high of 770K bpd in 2012; transported by trucks and railroads

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North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state.

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EIA: More than 35% of natural gas produced in North Dakota is flared or otherwise not marketed due to infrastructure limitations

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Natural gas production in North Dakota has more than doubled since 2005, largely due to associated natural gas from the growing oil production in the Bakken shale formation. North Dakota gas production: marketed, not marketed, and percentage not marketed. Source: EIA. Click to enlarge. (It

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EIA: 5 states and the Gulf of Mexico produce more than 80% of US crude oil; shales drive the growth

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Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). Click to enlarge.

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USGS to update Bakken Formation oil assessment based on new geological information; potential for greater recovery

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The US Geological Survey will update its 2008 estimate of undiscovered, technically recoverable oil and gas in the US portion of the Bakken Formation, an important domestic petroleum resource located in North Dakota and Montana. —USGS Energy Resources Program Coordinator Brenda Pierce. Source: USGS. billion barrels.

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Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

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The US State Department, which bears the responsibility for approving cross-border energy projects, said that Enbridge can indeed proceed with its plan under authority granted by previously issued permits. million barrels per day of crude oil and liquids. million barrels per day of crude oil and liquids. miles (2.4

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012. billion in 2010.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. Completion of the transaction is expected in the second quarter of 2010.

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