Kodiak Oil & Gas Corp
ONEOK Partners’ natural gas gathering and processing segment
ONEOK Partners’ (OKS) natural gas gathering and processing segment provides natural gas gathering, compression, treatment, and processing services to natural gas producers.
Why is Chesapeake increasing its focus on liquids-rich plays?
Oil and natural gas liquids have, in the last few years, commanded better prices compared to natural gas. Given that CHK is one of the biggest players in natural gas production, it will benefit from an increased focus on NGL production.
Must-know: Key takeaways from the Whiting-Kodiak transaction
Reduced well costs is a major positive for KOG—Kodiak has been making progress on improving its well costs, moving from over $10.5 million per well to under $9 million in 2014.
Overview: What has Whiting been doing differently from its peers?
What sets WLL apart from its peers is how it has been capitalizing on its acreage positions with advanced fracking technology—this has resulted in incremental oil production at lower well costs.
Must-know: An overview of Kodiak Oil and Gas
KOG has a market cap of $4.18 billion and an enterprise value of $6.42 billion as of July 28—the last 12 months, the earnings before interest, taxes, depreciation, and amortization (or EBITDA) is ~$1.7 billion and revenue is $996.58 million.
Why Bakken player Triangle Petroleum is an attractive investment
Triangle Petroleum, or “Triangle,” (TPLM) is a relatively unknown mini-conglomerate in the oil and gas sector. It has three distinct business lines.
Most operators are seeing declining well costs in the Bakken
Most companies operating in the Bakken have been seeing declining well costs.
The Bakken discount to WTI oil widens, affecting energy earnings
The spread between Bakken and WTI Cushing crude is now at its widest point since early 2012, impacting names with significant production in the Williston Basin.
Enhanced takeaway solutions stabilize WTI-Bakken spread, positive outlook
Increased takeaway solutions from the booming Bakken region have helped differentials to close and stabilize.
Bakken crude continues to slip relative to WTI Cushing
The price of Bakken-based crude slipped relative to WTI Cushing, but still remains relatively tight.
Why a huge oil surge made Bakken slip a bit but still trade tight to Cushing
Bakken crude moved lower relative to WTI Cushing last week, but still trades tight, signaling sufficient takeaway capacity in the region.
Bakken crude begins to trade at premium to WTI, benefiting North Dakota names such as Whiting
The spread between Bakken crude and WTI Cushing has closed significantly, and Bakken (priced at Clearbrook) even trades at a slight premium to WTI Cushing currently.
WTI-Bakken spread closes back in to $3 per barrel, benefiting producers such as CLR
The spread between WTI Cushing crude and Bakken crude priced at Clearbrook closed by $1.50 per barrel last week, which was a short-term positive for producers in the region.
WTI-Bakken spread widened out last week, but still within $5/barrel range
Last week, Bakken differentials to WTI widened by $1/barrel as a refinery using Bakken crude in its slate went down for maintenance.