Savage Adds Oilfield Logistics Services At North Dakota Terminal

Savage is expanding the company's Bakken Petroleum Services Hub in Trenton, ND. The company is leveraging the acquisition of Fort Worth Pipe to expand its offering in the North Dakota. New services include:

  • OCTG storage
  • Transloading
  • Trucking
  • Threading
  • Pipe inspection & clean and drift services

"We are always working to bring expanded value to our customers," said Nathan Savage, Sr. VP at Savage. "The addition of OCTG logistics to the Trenton terminal was a natural fit. The knowledge and network of locations we`ve gained by joining with the Ft. Worth Pipe team will allow us to expand the suite of services we can provide to our oilfield customers."

Read the full press release at savageservices.com

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Expect Ups and Downs in the Bakken - Lynn Helms

We in full development mode in the Bakken, but don't expect smooth sailing from here on out. That was was the basic message from the Department of Mineral Resources Director Lynn Helms at the North Dakota Petroleum Council's annual meeting. A few of threats to development include:

  • Federal regulations such as new rules around hydraulic fracturing
  • A lack of light-sweet crude refining capacity

The commission is also working to help reduce natural gas flaring.

“We have a tremendous amount of work in front of us,” Helms said. “I commend you for how responsibly you`re approaching this process as we develop this amazing, amazing resource.”

Largest Monthly Bakken Oil Production Increase Ever in July

Bakken Oil Production Forecast - NDPA
Bakken Oil Production Forecast - NDPA

Bakken oil production reported in July is both a new record and a broken record in North Dakota.

Oil production in North Dakota grew by almost 53,000 b/d in a single month. The increase from June to July represents the largest monthly increase in production in the state's history.

Preliminary estimates peg state production at 874,460 b/d and 970 mmcfd (both records). The Bakken and Three Forks contributed 810,795 b/d.

The increase was primarily driven by an increase from 102 well completions in June to 251 well completions in July. Less than 100 completions are needed to sustain production.

Production has only increased more than 40,000 b/d in a single month twice and the biggest increase before now was ~41,000 b/d in February.

Flexpipe Systems Opens Bakken Field Office In Dickinson - Press Release

Flexpipe Systems recently announced the opening of the company's North Dakota Sales and Operations Solutions Center. This new location will be open to support the future growth of Flexpipe Systems in the highly active Bakken Shale. The facility features 11,000 sq. ft. of office and warehouse space set on 5 acres of land located in Dickinson, ND. The strategic location will allow the company to better service Eastern Montana and NorthernWyoming.

The Bakken is the second largest area in the US for oil and gas exploration.

Contact info:

Flexpipe Systems 180 - 25th Ave East Dickinson, ND 58601 Phone: 701.690.1208

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