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Chevron’s president explains how the company transformed the historically boom-and-bust shale business into a steadily profitable enterprise

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 ...
Upstream

US independent Ovintiv sells assets in Uinta basin and Bakken shale

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 ...
Missoulian

Bakken shale - Geologists estimate big oil findN.D., Montana area may hold 4.3M barrels

BISMARCK, N.D. - The government estimated last week that up to 4.3 billion barrels of oil can be recovered from the Bakken shale formation in North Dakota and Montana, using current technology. The ...
Houston Chronicle

(PRN) Pogo Acquires Stake in Bakken Shale Play in North Dakota

HOUSTON, May 8 /PRNewswire-FirstCall/ -- Pogo Producing Company (NYSE: PPP) announced today it has acquired approximately 46,000 net leasehold acres in the Bakken ...
Bloomberg L.P.

Oil Wildcatter Hamm Is Halting Drilling in the Bakken

Welcome to our guide to the commodities driving the global economy. Today, reporter David Wethe looks at the impact of a weak crude market on one of America’s largest shale oil fields. Harold Hamm, ...
Tulsa World

Bakken Shale pushes N. Dakota to 1 million barrels per day

North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state. The state’s Department of ...