Ernest's Feed
Oct 16, 2014
Oct 16, 2014

Whiting’s tab for Kodiak dips with oil prices, but risks remain

, Oct 16 (Reuters) – While the recent slump
in crude oil prices has fanned concern about the longevity of
the U.S. shale boom, it’s created a benefit of sorts for Whiting
Petroleum Corp by lowering the price the North Dakota
oil producer will pay for Kodiak Oil & Gas Inc.

The all-stock deal is now roughly 30 percent cheaper than
when first announced in July, a difference in value of $1.13
billion. The final deal value will reflect Kodiak’s stock price
on the day of closing, expected by the end of the year.

Oct 16, 2014
Oct 16, 2014
Oct 16, 2014
Oct 15, 2014
Oct 15, 2014
Oct 15, 2014
Oct 15, 2014

Flaring rule changes limit North Dakota oil production growth

Oct 15 (Reuters) – North Dakota’s oil production rose less
than expected in August due to stringent flaring-reduction
standards and sliding oil prices, state regulators said on
Wednesday.

While production hit an all-time high, some energy companies
in the second-largest oil-producing state held back in order to
connect new wells to equipment that could process natural gas, a
costly step mandated by new regulations.

Oct 15, 2014