Whiting Said to Suspend Plans to Drill 20 Bakken Wells
- Company drops gathering pipeline project with Tesoro Logistics
- North Dakota drilling activity wilts under low crude prices
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Whiting Petroleum Corp. is suspending plans to drill at 20 Bakken and Three Forks well sites as low oil prices continue to weigh heavily on the exploration and production company.
The company, which controls 667,000 net acres in the Williston Basin that stretches across North Dakota and Montana, had not yet begun drilling the wells, a person familiar with company operations said. Whiting is also shelving a gathering pipeline project it hired Tesoro Logistics to build.