Currently, the two wells are producing at a combined rate over 1,000 bopd. Morgan anticipates further increases as the wells continue flowback for the next few weeks.
Devon Energy and Enerplus are in discussions for a potential merger, with Devon eyeing Enerplus Bakken acreage to enhance its shale production capabilities.
U.S. energy companies are snapping up smaller rivals in a series of US$20-billion-plus deals, but Canada’s largest oil and gas companies are absent from this round of deal-making
Production across the U.S. was curtailed by about 10 MMbbl this week, according to market participants who asked not to be named because the information is private.