, Feb 4 (Reuters) – Halliburton,
Statoil ASA, Hess Corp and other North Dakota
energy companies have decided, for now, not to lay off staff in
the No. 2 U.S. oil producing state, hoping to be prepared for
any prolonged rebound in crude prices.
Many oil producers and their contractors are trying to
strike a balance between cutting costs and maintaining workforce
reserves after a more-than 50 percent drop in oil prices
since last June.
Feb 3 (Reuters) – Continental Resources Inc, the
second largest North Dakota oil producer, said on Tuesday its
production and reserves jumped last year as it ratcheted up
activities in an Oklahoma shale formation.
The reserves increase was less than some on Wall Street
expected, a reflection of the company’s immense size as it moves
from being an upstart operation that seven years ago helped
develop North Dakota’s vast Bakken oil formation into a steady