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Keyword: bakken

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  • Dark side of ND's oil boom: Meth, heroin, cartels _ all part of growing drug trade

    04/14/2014 9:57:30 AM PDT · by TurboZamboni · 30 replies
    Star Tribune ^ | 4-14-14 | Administration Propaganda
    WILLISTON, N.D. — The blood-drenched man had survived a brutal attack: Beaten with brass knuckles, shocked with a stun gun, slashed with a razor blade, then dumped 40 miles away in Montana, he staggered to a farmhouse for help. His path eventually led authorities back to a quiet backyard in this oil boom town. What they uncovered was a large-scale methamphetamine ring that had found a home in a state long known for its small-town solitude, its slow pace and peaceful pastures. The members of this violent gang were all relative newcomers to Williston. They called themselves "The Family," the...
  • North Dakota wants you: New campaign seeks to fill 20,000 jobs

    03/20/2014 7:54:27 AM PDT · by barmag25 · 75 replies
    Yahoo/CNNMONEY ^ | 3/20/14 | Blake Ellis
    Looking for a job? North Dakota wants you. In a new recruiting campaign to be rolled out in May, the North Dakota Economic Development Foundation is aiming to fill more than 20,000 jobs -- ranging from truck drivers and oilfield workers to receptionists and food servers. North Dakota's huge oil boom has spurred thousands of job seekers to flock to the state for years now. In some cities, the population has quadrupled. Yet, the growth continues and companies are still so desperate for workers that the state is teaming up with oil giant Hess Corp. to launch an $800,000 campaign...
  • Workforce Housing in Oil, Gas as a Recruitment, Retention Strategy

    03/03/2014 5:30:50 AM PST · by thackney · 6 replies
    Rig Zone ^ | February 28, 2014 | Robin Dupre
    As the search for natural resources takes the industry to remote locations and developing areas – while creating thousands of new jobs and rapid economic growth – the demand for quality workforce housing intensifies. What was meant to be a temporary accommodation, has now become a permanent home for oilfield workers as the North American energy boom revitalizes cities throughout the region. The energy renaissance in North America has seen its working population swell by as much as 70 percent in certain regions, mainly driven by oilfield workers and those in fringe industries such as construction and transportation. “Many companies...
  • Bakken Crude, Rolling Through Albany

    03/02/2014 3:01:46 PM PST · by thackney · 14 replies
    New York Times ^ | FEB. 27, 2014 | JAD MOUAWAD
    ...a 600-foot oceangoing oil tanker called the Stena Primorsk left the Port of Albany on its maiden voyage down the Hudson River laden with 279,000 barrels of crude oil. It quickly ran aground on a sandbar. ...The ship’s outer hull was breached, but a second hull prevented a spill. Still, the interrupted voyage just 12 miles south of the port signaled a remarkable turnaround for the state’s capital. With little fanfare, this sleepy port has been quietly transformed into a major hub for oil shipments by trains from North Dakota and a key supplier to refiners on the East Coast....
  • Little oil town has nation’s highest rents

    02/21/2014 4:49:21 AM PST · by thackney · 20 replies
    Houston Chronicle via Fuel Fix ^ | February 19, 2014 | Cory Heikkila
    As far as big cities go, Houston isn’t so bad when it comes to renting a small apartment, according to a survey from Apartment Guide. That’s especially true when you compare prices against one surprising little town. The group lists the average monthly cost for a one-bedroom apartment in Houston at $817. Compare that to Los Angeles, where you’ll pay an average of $1,411 for the same dwelling. In the New York area, you can expect that to cost around $1,500. But those aren’t the highest rent costs in the country. That honor goes to Williston, N.D., where the average...
  • BNSF to invest $5 billion in its railroad in 2014

    02/06/2014 5:28:13 AM PST · by thackney · 10 replies
    Fuel Fix ^ | February 5, 2014 | Associated Press
    BNSF plans to invest $5 billion in its railroad this year, including $900 million to expand capacity in the Northern Plains where crude oil shipments are surging. The railroad said Tuesday its 2014 spending plan is roughly $1 billion higher than last year. BNSF says it’s responding to significant volume growth. Some projects should help alleviate congestion near the booming Bakken oil field in North Dakota and Montana...
  • Oil from North Dakota improperly classified, officials say

    02/05/2014 4:32:42 AM PST · by thackney · 40 replies
    Fuel Fix ^ | February 4, 2014 | Associated Press
    Government investigators have found crude oil being transported from North Dakota’s Bakken region was misclassified in samples taken from 11 out of 18 truck shipments en route to rail loading stations, federal transportation officials said Tuesday. Hazardous materials shipments are supposed to be classified into one of nine categories depending on the risk involved. If the materials are misclassified, they could wind up being shipped in less protective rail tank cars and emergency personnel might follow the wrong protocols when responding to a spill. The Pipeline and Hazardous Materials Safety Administration said it has proposed fining three companies involved in...
  • The Great American Oil & Gas Boom & the Future of Iran

    01/07/2014 8:43:59 PM PST · by ckilmer · 9 replies
    The Great American Oil & Gas Boom & the Future of Iran No country, No Nation, has ever added oil production capacity – yes ever – like the United States has in the past few years. America has gone from producing 5 Million barrels of oil per day in 2011 to over 7.5 Million barrels this past year; and will soon surpass 10 Million barrels of oil production domestically. It’s an incredible oil boom that will have a profound impact on the lives of ordinary Americans. By the time Obama leaves office, he will have presided over a country that...
  • Continental CEO Sees U.S. Drilling Slower And Orderly

    01/02/2014 12:39:35 PM PST · by upsdriver · 8 replies
    Investors.com ^ | 12/31/2013 | Gillian Rich
    The U.S. energy sector renaissance under way the past five years is continuing as domestic drillers such as Continental Resources (CLR) hone ways to reach oil and natural gas in fields across the nation.
  • North Dakota poised for another hiring blitz

    12/31/2013 5:58:48 AM PST · by thackney · 62 replies
    Fuel Fix ^ | December 31, 2013 | Simone Sebastian
    The Bakken Shale is driving another hiring surge in North Dakota, with one oil field services company planning to hire 300 new workers by the spring, according to the Bismark Tribune. Power Fuels, a subsidiary of major Bakken services company Nuverra Environmental Solutions, recently released a call for 300 new employees, the newspaper reported. And at least one local job search firm is bracing for a jump in openings. Employees are needed in various fields, from truck drivers to human resources to gas plant workers, the report noted, though the biggest needs are for well operators and wellhead pumpers. “We’re...
  • Christmas in the Bakken Formation: North Dakota city sees growth from fracking industry

    12/24/2013 9:24:00 AM PST · by Hojczyk · 19 replies
    Fox News ^ | December 24, 2013 | Perry Chiaramonte
    Moyo quit the two jobs he held to make ends meet and went north and try to find opportunity. He started out as dishwasher at one of the worker camps. But soon after, he had earned his crane operator’s license, and 14 months later he found a big-paying job with Basin Concrete. He said he earns four times what he made working two jobs in Florida. Nearly $350 million in building permits was issued in 2013 in Williston, on everything from businesses to apartment buildings to single family homes, as a transient population of adventurous roughnecks takes root. “We’re very...
  • Why North Dakota's Oil Future Just Got Brighter

    12/23/2013 5:24:18 AM PST · by thackney · 20 replies
    Oil Price ^ | 22 December 2013 | Daniel J. Graeber
    U.S. Sens. John Hoeven and Heidi Heitkamp, bipartisan leaders from North Dakota, said the oil boom in their state just got louder with the passage of the Bureau of Land Management Streamlining Act. "There are currently about 525 permits awaiting approval," Hoeven said in a statement. "This [act] will help us to alleviate the backlog and other delays that are costing us jobs and economic growth." North Dakota is one of the premier oil-producing states in the country. The Bakken and Three Forks formations, which are positioned dominantly in the state, hold a combined 7.3 billion barrels of oil, according...
  • Shale well depletion raises questions over US oil boom

    12/17/2013 10:17:43 AM PST · by thackney · 74 replies
    Fuel Fix ^ | December 17, 2013 | Collin Eaton
    The stubborn rock that the energy industry breached to unleash a nationwide oil and gas rush remains a worthy foe, as producers must turn their drills ever faster to keep the boom’s lifeblood flowing. Engineers have long known that shale, the source rock that fed North American sandstone reservoirs for millennia, could never muster the natural pressure producers need to extract oil and gas. Its molecules are too tightly packed: Shale is about 1,000 times denser than brick, and so far, only hydraulic fracturing can induce enough artificial permeability to clear a path for the fossil treasure. But that technique...
  • Finishing touches, NDPC flaring task force to submit recommendations to NDIC in January

    12/17/2013 5:19:15 AM PST · by thackney · 7 replies
    Bakken Petroleum News ^ | Week of December 15, 2013 | Maxine Herr
    The North Dakota Petroleum Council, NDPC, flaring task force is putting finishing touches on its recommendations to reduce flaring in the state. In September, Gov. Jack Dalrymple requested the development of a task force to study the problem and provide some solid solutions to the North Dakota Industrial Commission. The task force will present its findings at the Jan. 29 commission meeting. Task force Chairman Eric Dille of EOG Resources told Petroleum News Bakken that the task force had hoped to present at the Dec. 19 Industrial Commission meeting, but the technical subcommittee has some recommendations that needed further review....
  • North Dakota oil rail shipments expected to spike

    12/13/2013 5:20:01 AM PST · by thackney · 21 replies
    AP via Fuel Fix ^ | December 13, 2013 | James MacPherson
    The percentage of North Dakota oil shipped by rail will likely jump significantly in the next year as producers increasingly turn to trains to reach U.S. refineries where premium prices are fetched, the state’s top oil regulator told lawmakers Thursday. Lynn Helms, director of the Department of Mineral Resources, told the Legislature’s Government Finance Committee that he expects as much as 90 percent of the state’s crude will move by rail in 2014, up from about 60 percent at present. North Dakota, the nation’s No. 2 oil producer behind Texas, is on pace to surpass 1 million barrels daily early...
  • U.S. Williston Basin tops 1 million barrels of oil per day

    11/16/2013 8:59:19 AM PST · by george76 · 25 replies
    Oil Patch Dispatch ^ | November 16, 2013 | Amy Dalrymple
    WILLISTON, N.D. – The entire U.S. Williston Basin produced more than 1 million barrels of oil per day in September, driven by another record month of North Dakota oil production. North Dakota produced 931,940 barrels per day, a 2 percent increase over August, according to preliminary numbers released Friday by the Department of Mineral Resources. The U.S. Williston Basin also includes portions of South Dakota, which produced 5,017 barrels per day in September, and Montana, which produced 75,460 barrels per day in August. ... Bakken oil production in North Dakota and Montana is projected to top 1 million barrels of...
  • 10 Highest-Paying Jobs in North Dakota’s Oil Boom

    11/06/2013 10:38:39 AM PST · by thackney · 35 replies
    The Fiscal Times ^ | November 5, 2013 | Blaire Briody
    IIt’s no secret that North Dakota’s oil industry is booming. Advancements in hydraulic fracturing have helped Western North Dakota experience month after month of record-setting oil production, making for one of the fastest-growing economic expansions the U.S. has ever seen. With the region having one of the lowest unemployment rates in the country and generating over 75,000 new jobs in the past few years, thousands of workers have showed up searching for high-paying jobs. Oil field workers in the state saw an average annual wage of $112,462 in 2012. Competition has intensified since the boom started around 2007, but entry...
  • Company applies to build pipeline from North Dakota

    11/06/2013 5:44:56 AM PST · by thackney · 3 replies
    Fuel Fix ^ | November 5, 2013 | Associated Press
    A Canadian company has applied to build the largest oil pipeline yet from western North Dakota’s booming oil patch and will soon begin courting oil producers to reserve space, a key step in a $2.6 billion project that would move millions of gallons of oil to Minnesota and Wisconsin. Calgary, Alberta-based Enbridge Energy is proposing the 612-mile Sandpiper pipeline to each day carry 225,000 barrels of oil to a hub in northern Minnesota and 375,000 barrels to one in northwestern Wisconsin. If approved by regulators, it would be the largest pipeline moving oil out of North Dakota, the nation’s second-leading...
  • When will the Shale Bubble Burst?

    11/01/2013 7:03:46 AM PDT · by thackney · 48 replies
    OilPrice.com ^ | 31 October 2013 | Tom Whipple
    Most of us are aware by now that the introduction of widespread hydraulic fracturing into the oil and gas business has resulted in a rapid growth in U.S. production. U.S. crude output is up by nearly 2.5 million barrels a day (b/d) since mid-2007 and natural gas production is up by 25 percent. The key question of course is how long production will continue to grow before it inevitably declines. Optimists maintain that we have just scratched the surface of our shale oil reserves and that production will continue increasing for years, if not decades. Realists are not so sure,...
  • Could This Oil Field Be the Next Bakken?

    10/27/2013 7:03:12 PM PDT · by ckilmer · 28 replies
    insidermonkey.com ^ | October 17, 2013 at 1:35 pm | fool.com
    Could This Oil Field Be the Next Bakken? Business is rockin' in the Bakken. Within the next year output is expected to surpass one million barrels per day, up from almost nothing ten years ago. Such growth has been a boon for investors as evident in the share price performance of companies like Continental Resources, Inc. (NYSE:CLR), Kodiak Oil & Gas Corp (USA) (NYSE:KOG), and Oasis Petroleum Inc. (NYSE:OAS). But the hunt is now on for the next great American shale play. And one formation in particular just might have the potential to rival the Bakken: the Colorado Niobrara.A spotty track record Readers...
  • Eagle Ford Shale Beats Bakken to 1M Bpd Milestone - EIA

    10/24/2013 4:22:15 AM PDT · by thackney · 40 replies
    Reuters via Rig Zone ^ | October 23, 2013 | Sabina Zawadzki|
    In the U.S. shale oil race, the Eagle Ford formation in Texas has beaten North Dakota's Bakken to the 1 million barrel per day milestone, according to a U.S. Energy Information Administration report on Tuesday. The new monthly report, which is the first national effort to lay out comparable monthly figures and projections from six major shale plays, highlighted the stunning speed with which the Eagle Ford region has overtaken the Bakken region that first showed how hydraulic fracturing and horizontal drilling technology could revolutionize the oil industry. Total production from Eagle Ford hit 1 million bpd in August and...
  • Crude trains keep rolling

    08/04/2013 5:34:43 AM PDT · by thackney · 20 replies
    Petroleum News Bakken ^ | Week of August 04, 2013 | Gary Park
    Canada’s two big railroads and oil producers are pressing ahead with plans to increase the use steel-wheels-on-steel-rails to move crude even as the small Quebec town of Lac-Megantic reels from what can go wrong with a crude-laden train. Canadian Pacific Railway, despite four derailments of trains carrying oil or petroleum products this year, posted a record second-quarter profit, crediting long-haul oil shipments for much of the gain, while Canadian National Railway cited oil transport as a key to its profits for the quarter. But, acknowledging the public and political demand for action, both have tightened their safety procedures for trains...
  • Bakken Oil Fields Offer Tribal Colleges Challenges, Opportunities

    07/21/2013 1:33:19 PM PDT · by thackney · 11 replies
    Indian Country ^ | July 19, 2013 | Tanya Lee
    From funding cuts precipitated by the federal sequester to changes in the rules for Pell grant recipients, tribal colleges face many challenges, but one of the most serious for colleges in the Northern Great Plains comes from a surprising source—the Bakken oil fields. The oil fields cover about 200,000 square miles of the subsurface of the Williston Basin underlying parts of the states of North Dakota, South Dakota and Montana and the Canadian provinces of Manitoba and Saskatchewan. In a report issued April 30, the United States Geological Survey estimated that the U.S. section of the Bakken formation holds 3.6...
  • ND breaks 800,000 bpd; drilling still outpaces completions; production ahead of projections

    07/19/2013 1:40:21 PM PDT · by thackney · 34 replies
    Petroleum News Bakken ^ | Week of July 21, 2013 | Mike Ellerd
    Not only did North Dakota set yet another record high in oil production in May, and not only did the state finally reach a long-awaited milestone — 800,000 barrels of oil per day production — but production in May broke that barrier by more than 10,000 bpd finishing the month with average production of 810,129 bpd. That according to data released on July 15 by the Oil and Gas Division of the North Dakota Industrial Commission’s Department of Mineral Resources. “May’s production numbers were really a happy surprise,” said Oil and Gas Division Director Lynn Helms in a July 15...
  • The nub of Lac-Megantic; NTSB estimates cost of $15,000 per car to meet new standards

    07/19/2013 1:37:19 PM PDT · by thackney · 7 replies
    Petroleum News Bakken ^ | Week of July 21, 2013 | Gary Park
    There’s a skeleton in the closet that the crude oil industry would sooner not acknowledge. In the wake of the Quebec rail disaster, which is expected to cost 50 lives and untold billions of dollars in rebuilding, compensation and litigation, the crude-by-rail-or-pipeline debate is raging in backrooms and private conversations. But none of those most closely involved wants to put the issue on the table until there has been a seemly period of grieving and a chance for the 6,000 people of Lac-Megantic to reorder their lives. Moody’s Investors Service, the rating agency, said two-thirds of North Dakota’s Bakken production,...
  • North Dakota Oil, Gas Production Reach New Highs

    07/16/2013 4:44:54 AM PDT · by thackney · 1 replies
    Rig Zone ^ | July 15, 2013 | Karen Boman
    North Dakota oil and natural gas production reached new all-time highs in May, breaking the previous records set in April despite record rain in May thanks primarily to Bakken and Three Forks exploration and production activity. Preliminary estimates by the North Dakota Industrial Commission’s (NDIC) Department of Natural Resources indicates that the state’s oil production reached 810,129 barrels of oil per day (bopd), up from the 793,852 bopd in April, while natural gas production grew to 899.9 million cubic feet per day (MMcf/d) from 861.1 MMcf/d in April. The number of producing wells in the state also reached a record...
  • North Dakota sees increases in real GDP per capita following Bakken production

    07/15/2013 5:29:43 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | JULY 12, 2013 | Energy Information Administration
    In recent years, North Dakota has seen significant gains in real gross domestic product (GDP) per capita, coinciding with development of the Bakken shale play. In 2001, North Dakota's GDP per capita was well below the U.S. average, ranking 38th out of 50 states. Starting in 2004, the state's GDP per capita rose consistently each year, eventually surpassing the U.S. average in 2008. By 2012, its real GDP per capita was $55,250, more than 29% above the national average. Even though the state appeared to be closing the gap on the U.S. average before Bakken production began, the rising oil...
  • How much oil? {raising Bakken system oil recovery estimate}

    07/02/2013 4:22:49 AM PDT · by thackney · 18 replies
    Petroleum News Bakken ^ | Week of June 30, 2013 | Ray Tyson
    Continental Resources, the Williston Basin’s largest producer and one of the region’s most active and experienced explorers, has all but officially declared a significant increase in the amount of oil it believes can be recovered from the massive Bakken petroleum system. Its estimate today stands at 24 billion barrels of oil equivalent, already far exceeding the federal government’s official estimate, which it recently doubled. Continental’s recoverable calculation for the U.S. portion of the Bakken is based on a dated oil in-place estimate of 577 billion boe. Last year the company raised that in-place estimate to 903 billion boe without increasing...
  • Trains full of North Dakota oil heading to PNW

    06/24/2013 5:03:13 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | June 24, 2013 | Associated Press
    Oil is bringing jobs and business opportunities to the Lower Columbia region but it also is raising fears that the river will become a fossil fuel highway, The Daily News of Longview reported in Sunday’s newspaper. Last year, oil cars began leaving the Bakken shale region centered near Williston, N.D., en route 1,200 miles to Columbia County to be unloaded at Port Westward near Clatskanie. Earlier this year, Tesoro proposed to build a $100 million terminal at the Port of Vancouver that would create 80 jobs. And similar proposals are being considered in Tacoma and Grays Harbor County. The oil...
  • Companies line up to drill after survey shows Dakota oil, gas fields far bigger than believed

    05/01/2013 4:43:18 PM PDT · by Ron C. · 19 replies
    Fox News ^ | 5/1/13 | Barnini Chakraborty
    <p>Energy companies are lining up for their shot to drill in the Dakotas and Montana after a new government report revealed that a massive geological formation stretching across the states contains twice the oil and three times the amount of natural gas than was originally believed.</p>
  • There’s Twice as Much Oil Below North Dakota than We Thought

    05/01/2013 12:27:59 PM PDT · by Nachum · 42 replies
    Free Enterprise ^ | 5/1/13 | Sean Hackbarth
    Don’t expect the energy boom in Montana and the Dakotas to end anytime soon. According to the United States Geological Survey (USGS), the formations below these three states hold double the amount of oil and triple the amount of natural gas than was believed five years ago. National Journal reports: The formations, called Bakken and Three Forks, span much of western North Dakota, the northern tip of South Dakota and the northeastern tip of Montana. The last time the United States Geological Survey assessed this area for its oil and gas reserves was in 2008. But that assessment did not...
  • Mid-Continent Crude Oil Markets Continue to Adjust to Rapid Rise in Bakken Production

    04/04/2013 8:00:20 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | April 3, 2013 | Energy Information Administration
    Mid-Continent Crude Oil Markets Continue to Adjust to Rapid Rise in Bakken Production The differential between West Texas Intermediate (WTI) and North Dakota's Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. Bakken crude sold at a $25-per-barrel discount to WTI in early 2012 and rose to a $5-per-barrel premium last September, before again being discounted below WTI this winter. So far this year, the gap between Bakken and WTI prices has narrowed, and once again, the Bakken price has risen above the WTI price, albeit modestly (Figure 1). West Texas Intermediate prices are...
  • Rising North Dakota oil production and demand spurs two new refineries

    03/27/2013 1:38:04 PM PDT · by thackney · 13 replies
    Energy Information Administration ^ | MARCH 27, 2013 | Energy Information Administration
    One of two new refineries being built in North Dakota broke ground this week. The 20,000-barrel-per-day (bbl/d) Dakota Prairie facility is scheduled to be built in 20 months. The impetus for the state's second and third refineries is the rapid increase in demand for diesel fuel and kerosene for trucking and industrial use within the state. Much of the increase in demand has been fueled by the boom in crude oil production from the new wells in the Bakken Formation in North Dakota's northwest corner. The demand for these middle distillates rose 80% in North Dakota from 2009 to 2012,...
  • Wow, North Dakota, That’s a Lot of Oil

    03/20/2013 7:04:57 AM PDT · by jwsea55 · 27 replies
    The Exchange - Yahoo Finance ^ | March 19, 2013 | Tim Sprinkle
    It's no secret that North Dakota has been in the middle of an oil boom since about 2008, but a new chart from the North Dakota Industrial Commission, Department of Mineral Resources, shows just how steep the increase has been. As of 2006, the state was only producing about 100,000 barrels of crude oil per day, putting it on par with other mid-tier oil producing states like Kansas, Colorado and Montana. But new hydraulic fracturing techniques and the opening of the massive Bakken formation to drilling changed all that, and as of January 2013 the state was producing an average...
  • PN Bakken: When will boom subside? {peak by ’14}

    03/06/2013 7:07:49 AM PST · by thackney · 3 replies
    Petroleum News ^ | Week of March 03, 2013 | Eric Lidji
    EIA thinks technology will continue to drive production in 2013, but peak by ’14 - - - - - The current boom in unconventional oil will eventually become a powerful echo, but only after technological improvements have run their course, according to a U.S. Energy Information Administration analysis of the drivers behind domestic crude oil production. When that “inflection point” occurs will depend on many factors, but the report from the statistical arm of the U.S. Department of Energy suggests it could be felt as soon as 2014. Between 2011 and 2012, domestic oil production increased by 790,000 barrels per...
  • North Dakota Senate approves bill to lower oil extraction tax

    02/28/2013 6:41:07 AM PST · by thackney · 13 replies
    Grand Forks Herald ^ | February 28, 2013 | Mike Nowatzki
    As lawmakers debate whether North Dakota’s oil taxes need tweaking, a recent study suggests the state sits in the middle of major oil-producing states when it comes to oil taxation. The Republican-controlled Senate on Tuesday approved a bill that would reduce the state’s oil extraction tax rate from 6.5 to 4.5 percent, despite strong objections from Democrats who argue the tax cut is unnecessary. The lower rate approved in Senate Bill 2336 would take effect for new oil wells drilled starting in 2017, or if the average statewide daily production exceeds 1 million barrels per day for three consecutive months,...
  • N. Dakota Senate snuffs natural gas flaring bill

    02/14/2013 8:39:06 AM PST · by thackney · 21 replies
    Fuel Fix ^ | February 14, 2013 | Associated Press
    The North Dakota Senate snuffed out a measure Wednesday aimed at curbing the oil industry’s practice of wasting natural gas as an unwanted byproduct of oil production. The bill, arguably the toughest to date against the oil industry in North Dakota, was defeated 34-13. Sen. Tim Mathern’s measure would have cut an exemption commonly used by oil companies claiming an economic hardship of connecting a well to a natural gas pipeline. Oil companies in North Dakota can flare natural gas for a year without paying taxes or royalties on it. After that, companies can request an extension because of the...
  • Could Monterey Shale Save California?

    02/05/2013 4:26:07 PM PST · by raptor22 · 39 replies
    Investor's Business Daily ^ | February 5, 2013 | IBD EDITORIALS
    Energy: The former Golden State is floating in debt, even as it sits on two-thirds of America's shale oil reserves locked in a formation four times the size of the one that sparked North Dakota's economic boom. North Dakota is now the largest oil producer in the country after Texas with a monthly oil output of about 20 million barrels. North Dakota's oil boom accounts for 11% of U.S. oil production, and it is the impetus behind the state's $3.8 billion surplus and an unemployment rate of just 3.2%, the lowest in the nation. California is not running a surplus,...
  • Picture from space .... U.S. oil field is burning off enough gas to power Chicago AND Washington...

    01/28/2013 9:33:44 AM PST · by Uncle Chip · 30 replies
    The Daily Mail Online ^ | January 28, 2013 | SIMON TOMLINSON
    This incredible picture from space shows how the U.S. oil industry has boomed to such an extent that a gas field now burns as brightly as a major city. The rapid increase in shale oil production means it is now often more economical to 'flare off' unwanted gas than to sell it. As a result, one field in North Dakota, the state leading the energy revolution, is now burning off enough gas to power all the homes in Chicago and Washington D.C. combined. In a recently released satellite image from NASA, the light being given off at the Bakken formation,...
  • Oil Guru Destroys All Of The Hype About America's Energy Boom

    01/21/2013 7:21:50 PM PST · by blam · 42 replies
    TBI ^ | 1-21-2013 | Rob Wile
    Oil Guru Destroys All Of The Hype About America's Energy Boom Rob WileJan. 20, 2013, 10:20 AM Not everyone believes the U.S. is capable of becoming energy independent thanks to its shale oil and gas reserves, as the International Energy Association suggested recently. The math just doesn't work out, they say — America consumes too much. But some are even more skeptical than that. Arthur Berman, an oil analyst with Labyrinth Consulting Services, says the promise of America's shale reserves have been vastly overstated. His main argument: shale is too expensive to drill, and shale wells usually don't last longer...
  • PN Bakken: ‘Wake-up call’

    01/19/2013 8:22:54 AM PST · by thackney · 43 replies
    Petroleum News ^ | Week of January 20, 2013 | Ray Tyson
    North Dakota has now recorded back-to-back months in which the massive Bakken petroleum system has failed to live up to production expectations. Reasons behind lackluster performances in October and especially in November have led the state’s top oil man, Lynn Helms, to issue a “wake-up call” for those who believed the good times would continue unabated. “We’ve gotten very used to the increase in production, almost regardless of what was happening out there,” Helms, director of the Department of Mineral Resources, said in a Jan. 11 conference call. For the first time in 19 months, North Dakota’s oil production declined...
  • Keystone pipeline inches forward

    01/07/2013 5:07:09 AM PST · by thackney · 15 replies
    EDMONTON JOURNAL ^ | JANUARY 5, 2013 | DAVE COOPER
    The rerouted northern leg of the Keystone XL pipeline between Hardisty and Steele City, Neb., moved back into the spotlight Friday after a report from the state's department of environmental quality said the project would have "minimal" ecological impacts. Republican Gov. Dave Heineman said he would "carefully review" the 2,000page evaluation and make a decision within 30 days. His recommendation would be forwarded to the U.S. State Department, which is expected to issue its final report to President Barack Obama, who rejected an earlier iteration of the 3,460-kilometre TransCanada Corp. pipeline about one year ago. The new report covers the...
  • PN Bakken: King of the hill

    01/05/2013 5:37:36 AM PST · by thackney · 13 replies
    Petroleum News ^ | Week of January 06, 2013 | RAY TYSON
    Liquids production from the Eagle Ford of South Texas could catch or surpass North Dakota’s output from the Bakken petroleum system in 2013, a recent study by EAI Inc. indicates. Meanwhile, a separate report by Wood Mackenzie projects 2013 capital spending in Eagle Ford will total a whopping $28 billion. “With $28 billion in capex being spent in 2013 and development now in full swing, the excitement in the Eagle Ford and value being extracted from the play continues to exceed expectations,” said Callan McMahon, upstream research analyst for Wood Mackenzie. Behind the Bakken, Eagle Ford is currently the second...
  • Trains carrying more oil across US amid boom

    12/29/2012 8:51:23 AM PST · by george76 · 44 replies
    ap ^ | Dec 28, 2012 | MATTHEW BROWN and JOSH FUNK
    Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse - the locomotive - to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand. ... The environmental fears carry an ironic twist: Oil trains are gaining popularity in part because of a shortage of pipeline capacity - a problem that has been worsened by environmental opposition to such projects as TransCanada's stalled Keystone XL pipeline. That project would carry Bakken and Canadian crude to the Gulf of Mexico. Wayde Schafer,...
  • Can UAE-Backed Film Shut Down U.S. Fracking Boom?

    12/21/2012 4:25:40 PM PST · by raptor22 · 27 replies
    IBD EDITORIALS ^ | December 21, 2012
    Energy: As the U.S. changes the balance of power by exporting some of its abundant natural gas resources, a Hollywood propaganda film debuts claiming the technology making it possible will poison America's small towns. 'Promised Land," a film that does nothing to alter Hollywood's stereotype of businessmen, particularly energy industry executives, as greedy plunderers of the planet, opens this week in selected theatres. The anti-fracking film is based on a not-true story about well contamination in a small Pennsylvania town with a healthy dose of junk science. As documentary filmmaker Phelim McAleer, who is working on his own documentary, "FrackNation",...
  • ND drill rig activity lowest in 18 months

    12/19/2012 5:19:50 AM PST · by thackney · 5 replies
    Fuel Fix ^ | December 19, 2012 | Associated Press
    The number of rigs drilling for oil in North Dakota is at the lowest level in a year and a half. The State Department of Mineral Resources reports that just more than 180 rigs were drilling this week... 218 rigs were drilling in western North Dakota’s oil patch in late May...
  • This is what ‘Saudi America’ looks like {McDonalds is offering a $300 signing bonus}

    12/10/2012 8:37:58 AM PST · by thackney · 25 replies
    MSNBC ^ | 12/08/2012 | Chris Hayes
    Right now in Dickinson, North Dakota, the local McDonalds is offering a $300 signing bonus to new employees. You heard that right, with a 7.7% nationwide unemployment rate, and persistently sluggish job growth and wage stagnation, the labor market of this one town in North Dakota is so tight, and employers are so desperate for workers, they’re offering a signing bonus for a job slinging fries. And it’s not just Dickinson, unemployment in the entire state is 3.1%, GDP growth for the state is 7.6%, and housing there is in such short supply that one bedrooms are renting for more...
  • PN Bakken: ND’s gas woes

    12/05/2012 6:12:46 AM PST · by thackney · 45 replies
    Petroleum News ^ | Week of December 02, 2012 | Ray Tyson
    Finding a solution to North Dakota’s ballooning gas-flaring problem will require a “very difficult balancing act” that could take until the end of the decade to work out. “We have to balance the ability to build gathering systems against the waste that takes place with flaring,” Lynn Helms, director of the state’s Department of Mineral Resources, said in a Nov. 20 Webcast. “So we’re looking at toward the end of this decade before we really get this flaring dynamic under control.” Gas production continues to increase at a faster rate than the more desirable crude oil, setting yet another production...
  • Will Bakken rival Ghawar oil field? (USA vs. Saudi Arabian sites)

    11/12/2012 10:43:28 AM PST · by 2ndDivisionVet · 8 replies
    Trade Arabia / Reuters ^ | November 12, 2012 | John Kemp
    Could oil production from the Bakken formation in North Dakota and Montana rival output from Saudi Arabia's supergiant Ghawar oilfield, the greatest oil-bearing structure the world has ever known? Until recently, comparisons between the shale fields of the Bakken and Ghawar, which produces 5 million barrels per day, would have been dismissed as fanciful. But Bakken's exponential growth and enormous reserves put it on course to produce more than 1 million barrels per day by the middle of next year, which will earn it a place in the small pantheon of truly elite oil fields. Ghawar accounts for nearly half...
  • Lies, Damned Lies, And Obama's Phony Energy Statistics

    10/18/2012 10:02:45 AM PDT · by raptor22 · 5 replies
    Energy Policy: Leases and production are down on federal lands, the EPA is waging war on coal, and as for building enough pipelines to encircle the earth, we'd settle for just one from Canada to the Gulf. When President Obama, in responding Tuesday to Mitt Romney's chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to "encircle the Earth and then some," we felt a perfect response from Romney would have been, "You didn't build that." In fact, energy companies have built some 55,000 miles of pipeline, including...