If you missed the Williston Basin Petroleum Conference last month in Bismark, N.D., you might not know that the Day 2 topic, “Bakken 2.0: Crack the Code,” sizzled like bacon in a hot skillet. Crack the Code is a multi-layered, $157 million research effort led by Sen. John Hoeven to double oil recovery in the Bakken and extend the life of coal-fired power plants in N.D., using captured CO2 for Enhanced Oil Recovery (EOR). ...

It goes without saying the soaring price of crude oil and wild price swings have producers rethinking their capital budgets and drilling programs this year. While some operators are focused on capital discipline and shareholder returns amid the Mid-East conflict, others are set to ride the wave of higher prices by expanding operations, boosting production, and adding rigs. ...