Keyword: bakken

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  • North Dakota to require every barrel of crude oil be filtered

    12/09/2014 1:33:41 PM PST · by thackney · 41 replies
    Reuters ^ | Dec 9, 2014 | ERNEST SCHEYDER
    North Dakota is poised to impose the strictest oil standards in its history on Tuesday, requiring every barrel of crude to be filtered for dangerous types of natural gas in an effort to make crude-by-rail transport safer. The new requirements come as federal, state and local officials grapple with how best to ensure the safe transport of North Dakota's crude oil, which has been linked to a string of fiery crude-by-rail explosions, including one last year in Quebec that killed 47 people. Governor Jack Dalrymple and the two other members of the North Dakota Industrial Commission (NDIC) are taking the...
  • EIA: US production to increase 115K barrels in January

    12/09/2014 10:46:31 AM PST · by thackney · 12 replies
    Fuel Fix ^ | December 9, 2014 | Joshua Cain
    U.S. crude oil production will rise 115,000 barrels of oil per day in January, according to Energy Information Administration data released Monday. Next month’s total will be nearly 2,000 bpd more than December’s rise. Drilling efficiencies in the Bakken, Eagle Ford and Permian Basin shale plays account for most of the production increase. EIA data showed that rigs in these plays will get about 50 bpd more than they did last month, good for a total increase of 103,000 bpd. The Permian Basin is still the largest U.S. shale play, increasing to 1.87 million bpd. The Eagle Fored is second...
  • North Dakota taxpayers' income doubles since oil boom began

    12/08/2014 7:18:51 AM PST · by TurboZamboni · 17 replies
    Pioneer Press ^ | 12-7-14 | James Macpherson
    BISMARCK, N.D. -- Reported income by all North Dakotans has more than doubled to a record $30.4 billion since the infancy of the state's oil boom in 2006, tax return filings show. Tax Department figures released to the Associated Press show the number of taxpayers in the state has jumped 37 percent since the state's oil bonanza began, from 339,000 in 2006 to 466,000 in 2013. Slightly more than 440,000 tax returns were filed in 2012. Tax Commissioner Ryan Rauschenberger said the increase in income and the number of taxpayers contributes heavily to the state's robust economy. "More people are...
  • Oil pipeline delayed for more environmental review

    03/15/2011 9:20:33 PM PDT · by Rabin · 9 replies · 1+ views
    victoriaadvocate ^ | updated March 15, 2011 at 9:02 p.m. | staff
    Environmental groups, including Friends of the Earth, have raised concerns that the pipeline could foul underground and surface water supplies, increase air pollution around refineries and harm wildlife. They also have speculated about what they consider inadequate pipeline safety and emergency spill responses….. Supporters say the project could be a boon for U.S. jobs and energy production while strengthening a friendly source of oil.
  • Rising Rail Oil Shipments Beg For Safer Keystone XL

    11/17/2014 9:54:31 AM PST · by raptor22 · 15 replies
    Investor's Business Daily ^ | November 17, 2014 | IBD EDITORIALS
    Energy Transport: New data show fast-rising rail shipments from North Dakota's Bakken shale formation and the need for a safer alternative to rail — like the Keystone XL pipeline. In his post-election press conference, the president noted in justifying his continual kicking of the Keystone XL oil drum down the road that "while this debate about Canadian oil has been raging ... we've seen some of the biggest increases in American oil production and natural gas production in our history." That increase is due in large part to oil recovered from the Bakken shale formation centered on North Dakota. So...
  • Bakken's next phase: Natural gas

    11/07/2014 8:12:13 AM PST · by TurboZamboni · 8 replies
    Star Tribune ^ | 10-27-14 | ADAM BELZ
    Even as it fills the railroads of the Upper Midwest with oil tank cars, the Bakken has allowed its natural gas riches to languish. Less profitable than oil and more difficult to transport, natural gas has been so secondary in North Dakota that drillers still burn off more than a fourth of what rises from the ground. In satellite pictures, the flames sprawl across the Williston basin, lighting it up like a giant suburb. A quiet transformation is underway, however, as the state bids to turn natural gas into a native business and drive down flaring. A growing network of...
  • Oil prices are dropping but the fracking revolution rolls on

    11/02/2014 1:03:00 PM PST · by Jack Hydrazine · 19 replies
    Yahoo! Finance ^ | 31OCT2014 | Shawna Ohm
    $75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production, according to Greg Zuckerman, author of “The Frackers” and a special reporter at the Wall Street Journal. “All these guys have hedged. They’ve got production [and] they’ve already got the acreage. They’re not gonna stop but maybe they’ll kind of slow new stuff.” Fracking in other parts of the country, though, is likely to be much more resilient. In Texas’s Eagle Ford and Permian basin, Zuckerman says oil prices would have to...
  • Natural Gas Flaring In Bakken Reduced Following New Regulations

    10/28/2014 5:19:29 AM PDT · by thackney · 24 replies
    Rig Zone ^ | October 24, 2014 | Gene Lockard|
    A month after implementing new rules regarding the flaring of natural gas, the state of North Dakota was near compliance with the new limits as oil and gas production companies in the Bakken work to reduce flaring, according to the United States Department of Energy (DOE). In August, 28 percent of North Dakota’s natural gas was flared, the state reported. That was near North Dakota’s flare-rate goal of 26 percent in 4Q 2014, despite an increase in oil production in the Bakken in August, according to the website Bakken.com. Following criticism from royalty holders regarding extensive flaring that made North...
  • BNSF to add surcharge to older tank cars

    10/26/2014 6:53:44 AM PDT · by thackney · 8 replies
    , JournalStar.com ^ | October 24, 2014 | JournalStar.com
    BNSF Railway Co. plans to apply a $1,000 surcharge for each older tank car that hauls oil, as the railroad owned by Warren Buffett’s Berkshire Hathaway Inc. encourages shippers to scrap the puncture-prone cars. The charge, which will take effect Jan. 1, will add about $1.50 per barrel to the cost of shipping oil across the country. It’s the first surcharge announced by a major U.S. railroad for older cars known as DOT-111s, and won’t apply to cars called CPC-1232s that are built to higher standards adopted in October 2011, according to a BNSF notice. The Obama administration in July...
  • Rail congestion 'crisis' related to Bakken oil likely to be long-term problem

    10/02/2014 7:03:29 AM PDT · by thackney · 14 replies
    MinnPost ^ | 10/01/14 | Brian Lambert
    The rate of North Dakota oil trains crossing Minnesota got another working over yesterday. At KMSP-TV, Tim Blotz says, “Bakken oil now rolls through Minnesota at a rate of more than 15 trains a day, but on a rail system that has limited space, other critical freight — including grain, Taconite, and propane — is often left off track. Rep. Joe Atkins, of Inver Grove Heights, described the issue as ‘a growing crisis’ at a packed legislative hearing. Even so, it's not a simple blame game. … The troubles for Amtrak aren't just the delays, but the length of them....
  • Burning issues, ND operators ramping up as a new era of flaring governance draws near

    09/22/2014 7:36:14 AM PDT · by thackney · 8 replies
    Petroleum News Bakken ^ | Week of September 21, 2014 | Maxine Herr
    North Dakota’s natural gas production rose nearly 40 million cubic feet per day in July, a 3 percent increase, and the state’s gas capture also rose, increasing from 72 percent in June to 74 percent in July indicating that the industry’s efforts to capture more gas are working. However, those are cumulative statistics with some operators capturing more than 74 percent and others capturing less as drilling activity continuing to rise. The state’s Department of Mineral Resources Director Lynn Helms said the industry “will have to work very hard” in order to meet the upcoming requirements set by the North...
  • N.D. oil boom ignites cash-spending splurge

    09/21/2014 2:37:53 PM PDT · by thackney · 24 replies
    Star Tribune ^ | September 21, 2014 | PAM LOUWAGIE
    The workers sometimes come in with stacks of $100 bills, their jeans and boots still covered in oil field mud as they scour the glass jewelry counter looking for clean sparkle. One oil field worker plopped down $25,000 for a diamond for his girlfriend back home. Many others settle on $1,000 necklace pendants in the shape of a tiny oil derrick, a diamond anchoring the bottom where the oil would be. “These guys spend lots of money on their women, and there’s plenty of money to be spent,” said Gina Abfalter, a clerk at Ritter Brothers Diamond Cutters downtown. “A...
  • N. Dakota needs $800 million for housing, schools in wake of oil boom, state GOP says

    09/19/2014 5:39:15 AM PDT · by thackney · 55 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    North Dakota Republicans on Wednesday unveiled an $800 million one-time spending plan to address immediate problems tied to the oil boom in the western part of the state.... The proposal includes $475 million to oil-producing counties and cities; $140 million to oil patch hub cities of Williston, Dickinson and Minot; $35 million to county schools affected by oil development; and $150 million for road projects outside of the oil patch.... Ron Ness, president of the North Dakota Petroleum Council, said infrastructure needs and a shortage of workers are the biggest challenges facing North Dakota’s energy sector. The state has more...
  • Proposed Pipeline Would Cut Across Iowa

    08/13/2014 2:16:13 PM PDT · by Theoria · 22 replies
    Iowa Public Radio ^ | 13 Aug 2014 | Clay Masters
    Business is booming in North Dakota’s Bakken Shale oilfields. With that boom comes a need for infrastructure. More than half of the oil out of the Bakken leaves by train or truck. But companies are working on pipelines. One proposed pipeline would cut clear through the state of Iowa. A Texas company wants to build an 1,100 mile crude oil pipeline, from the northwest corner of the state to the southeast. In two years, the pipeline could be carrying up to 320,000 barrels a day, from the Bakken Shale Oil Fields, to Patoka Illinois, and from there, the oil would...
  • Oil Production in the Bakken Reaches New Record

    07/15/2014 6:55:57 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 07/15/2014 | Sierra Rayne
    With the release of the latest oil production data for the Bakken in North Dakota, this tight oil play reached a new record of 975,000 barrels per day in May.  This represents an increase of almost 37,000 barrels per day from the previous month, and is the largest April-May increase on record.  Daily oil per well remains stable at 127 barrels, down only slightly from the May 2013 value of 130. Overall production for North Dakota was also up in May to a new record of 1.04 million barrels per day, with daily oil per well steady at 99 barrels....
  • Why the Amazing Bakken Growth Story Isn't Over Yet

    07/04/2014 8:47:07 AM PDT · by ckilmer · 15 replies
    fool.com ^ | July 4, 2014 | By Callum Turcan
    Why the Amazing Bakken Growth Story Isn't Over Yet By Callum Turcan | More Articles July 4, 2014 | Comments (0) As many energy investors know, North Dakota's oil production recently surpassed 1 million barrels a day. Does this mean that the growth story is now over and all the best locations have been drilled, or, as downspacing allows oil and gas companies to target the Three-Forks benches just below the Middle Bakken interval, is the growth story still underway? Only time will tell, but Oasis Petroleum (NYSE: OAS  ) is one E&P player trying to shake things up by targeting the deeper...
  • New ND Flaring Regs Make Statoil's Nat Gas Container System Timely

    07/03/2014 5:45:05 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | July 02, 2014 | Gene Lockard
    Statoil ASA recently announced a container system to reduce flaring in the Bakken. The company’s timing could not have been better, considering that North Dakota just approved new flaring regulations. More restrictive regulations covering flaring on existing wells were passed by the North Dakota Industrial Commission – the state’s regulating entity for oil and gas – July 1. The goal of the commission is to reduce flaring to 26 percent by the fourth quarter of 2014, 23 percent by the first quarter of 2016, and 10 percent – with the potential of 5 percent – by the fourth quarter of...
  • Pipeline progress, Midstream companies make ‘remarkable’ strides in North Dakota

    07/01/2014 6:02:02 AM PDT · by thackney · 17 replies
    Petroleum News Bakken ^ | Week of June 29, 201 | MAXINE HERR
    North Dakota Gov. Jack Dalrymple is full of gratitude for pipeline infrastructure investments after tasking midstream companies two years ago to build pipelines, and build them quickly. Dalrymple hosted his second Governor’s Pipeline Summit in Bismarck on June 24, bringing together about 150 pipeline industry leaders, energy industry representatives and federal, state and local officials to share their response to the rapid construction of thousands of miles of pipelines to meet oil and gas industry demands. “There was a time a few years ago when we said we’re never going to have enough pipelines to deal with this boom,” Dalrymple...
  • North Dakota and Texas now provide nearly half of U.S. crude oil production

    07/01/2014 5:17:50 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | 7/1/2014 | Energy Information Administration
    U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than doubling production in the past three years, and North Dakota production broke 1.0 million bbl/d for the first time in history, nearly tripling its production over the same period, according to data from the U.S. Energy Information Administration's Petroleum Supply Monthly report. Combined crude oil production volumes from Texas and North Dakota reached 4.0 million bbl/d. From...
  • North Dakota aims to double pipeline capacity; Enterprise helps

    06/30/2014 6:06:57 AM PDT · by thackney · 5 replies
    Reuters ^ | Jun 24, 2014 | ERNEST SCHEYDER
    North Dakota intends to nearly double its oil and gas pipeline capacity within two years as part of a plan to curb the wasteful flaring of natural gas in the bustling Bakken oil field, the state's governor said on Tuesday. Oil production in North Dakota has more than tripled in the past decade to 1 million barrels of oil equivalent (boepd) per day, making for the fastest-growing U.S. state economy. But state pipeline capacity has lagged. Governor Jack Dalrymple said the state wants to boost capacity to 1.4 million boepd by 2016 from about 780,000 boepd now. "We will reduce...
  • N.D. oil production tops 1 million-barrels-a-day milestone

    06/21/2014 5:31:59 PM PDT · by ckilmer · 3 replies
    startribune ^ | Updated: June 17, 2014 - 11:08 PM | DAVID SHAFFER ,
    North Dakota has joined the big leagues of crude oil production, surpassing 1 million barrels per day — an output second only to Texas in the U.S. State officials said Tuesday that North Dakota yielded 1,001,149 barrels daily in April from a record 10,658 wells. Jubilant oil industry officials hailed the benchmark as another sign that the United States is freeing itself from the grip of foreign oil.
  • The Bakken gets bigger - likely a LOT bigger

    06/19/2014 12:56:00 PM PDT · by george76 · 49 replies
    Oil Voice ^ | June 13, 2014 | Keith Schaefer
    Crescent Point’s Torquay Discovery Reignites Southeast Saskatchewan. Just when you thought The Bakken couldn’t get any better—it does. Oil producers are now “cracking the code” on the Torquay, or Three Forks formation below the Bakken, and coming up with incredible economics—these wells are paying back in only seven months. This news has completely re-invigorated the Canadian side of the Bakken. And on the US side, the Three Forks is causing industry to leap-frog estimates of the amount of recoverable oil available–by about 57%! It’s hard to imagine that the #1 oil play in all of North America could have such...
  • North Dakota oil production surpasses 1 million barrels per day

    06/18/2014 5:28:43 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | June 17, 2014 | Associated Press
    North Dakota has joined the ranks of the few places in the world that produce more than a million barrels of oil per day, due in large part to the rich Bakken shale formation in the western part of the state. The April figures released Tuesday by the state’s Department of Mineral Resources showed the record tally. North Dakota had flirted with the million-barrel-per-day mark for months, but the harsh winter slowed the pace. In March, production had hit 977,000 barrels per day. North Dakota’s oil fields now represent more than 12 percent of all U.S. oil production, and more...
  • Bakken Shale oil production to hit 1.7 million Bpd in 2020

    06/10/2014 8:06:37 AM PDT · by ckilmer · 4 replies
    processingmagazine.com ^ | April 09, 2014
    Bakken Shale oil production to hit 1.7 million Bpd in 2020 April 09, 2014       mellypage/iStockphoto/Thinkstock   Oil reserves worth approximately $118 billion are still lying under the Bakken/Three Forks Shale play system in Montana and North Dakota, according to a new estimate by research and consultancy group Wood Mackenzie. What's more, the play is extremely profitable, as the analysis claims that each one of the sub-plays yields positive returns.Jonathan Garrett, Americas upstream research analyst for Wood Mackenzie, explained that production from the Bakken/Three Forks Shale is predicted to come in at about 1.1 million barrels per day...
  • High Oil Prices Are Here To Stay

    06/09/2014 5:29:20 PM PDT · by ckilmer · 34 replies
    nasdaq ^ | June 09, 2014, 09:30:00 AM EDT | By StreetAuthority
    American oil production is surging. Yet oil prices remain near $100 a barrel. You may be wondering: When will all of this additional production finally overtake demand and push the price of oil down? You can find one answer in the price of oil futures -- which say we can expect oil to fall to closer to $80 in the coming few years and stay there.
  • Increases in U.S. crude oil production come from light, sweet crude from tight formations

    06/09/2014 5:01:34 AM PDT · by thackney
    Energy Information Administration ^ | JUNE 6, 2014 | Energy Information Administration
    U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (a characteristic of crude quality, as measured by API gravity and sulfur content) from tight resource formations. Roughly 96% of the 1.8-million-barrel per day (bbl/d) growth in production from 2011 to 2013 consisted of light sweet grades with API gravity of 40 or above and sulfur content of 0.3% or less. EIA's new forecast of U.S. crude production by quality indicates that the U.S. supply of light, sweet crude will continue to outpace that of medium and heavy crude through 2015. More than 60% of...
  • New projections show oil production soaring as rigs boost efficiency

    05/29/2014 10:02:54 AM PDT · by ckilmer · 3 replies
    fuelfix ^ | May 12, 2014
    New projections show oil production soaring as rigs boost efficiency Posted on May 12, 2014 at 6:48 pm by Simone Sebastian in featured, Production, Shale EmailPrint1263 inShare184 An Enervest rig works in the Barnett Shale. (Enervest) HOUSTON — Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.Total oil production in the six regions is expected to grow to 4.43 million barrels per day in June, an increase of 75,000 barrels per day compared to May, according to the U.S. Energy Information Administration. The federal...
  • Tornado Hits North Dakota Oil Workers Camp [Video]

    05/27/2014 10:59:11 AM PDT · by thackney · 3 replies
    Oil Pro ^ | 5/25/14 | Jeff Reed
    North Dakota officials said early Tuesday that nine people were injured, one critically, when a tornado hit an oil worker camp just south of Watford City, located in the western region of the state about 30 miles southwest of Williston. McKenzie County Emergency Management Director Jerry Samuelson said the tornado destroyed eight trailers where the workers resided. He stated that the critically injured person was transported to a hospital in Minot, N.D. for treatment. The other eight workers were treated and released. Samuelson said that rescue crews are currently searching through a large quantity of debris, although he is confident...
  • Bakken Shale happiness, oodles of oil and help wanted, please

    05/27/2014 5:20:30 AM PDT · by thackney · 23 replies
    Platts ^ | May 27, 2014 | Starr Spencer
    If there was one trait that characterized this year’s Williston Basin Petroleum Conference, it was unabashed pride. Mostly the pride stemmed from North Dakota’s achievement in the last decade after moving from a relatively low amount of oil production (79,000 b/d in early 2004) to approaching 1 million b/d currently, making it the second-largest producing state behind Texas. The oil–Lynn Helms, director of North Dakota’s Oil and Gas Division, claimed the resource could be as much as 300 billion barrels–has brought an unimaginable bounty to the state: low unemployment (averaging 3% state-wide), hordes of job openings (Governor Jack Dalrymple claimed...
  • Digging Deeper into the Bakken: The Three Forks Oil Formation

    05/26/2014 9:05:47 AM PDT · by ckilmer · 7 replies
    http://oilandgas-investments.com ^ | November 6, 2013 | Keith Schaefer
    Digging Deeper into the Bakken: The Three Forks Oil Formation by Keith Schaefer on November 6, 2013 One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production?Well, now the Market is asking—when (not if) will it hit 2 million?A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year being next year, in 2014.In fact, they say the worst case scenario for the Bakken is now 1.3 million in 2017. One million? Pfffftttt…yesterday’s news.A smaller examination from Credit Suisse in early October suggests the...
  • Two Charts and Their Portent(Perceptions of American energy abundance will do an abrupt about face)

    05/26/2014 5:50:04 AM PDT · by bestintxas · 23 replies
    am thinker ^ | 5/26/14 | d archibald
    Last week brought news that the Energy Information Agency (EIA) has reduced its estimate of recoverable oil from the Monterey Shale in California from 13.7 billion barrels to 600 million barrels. To put that in perspective, the U.S. consumes 6.9 billion barrels per annum and produces 2.7 billion barrels. The shortfall of production relative to consumption is made good by spending $400 billion a year-odd on imported oil. While the initial estimate for the Monterey Shale can be put down to hubris, there is another tight oil formation in which the EIA’s reserve estimate looks quite good given the vagaries...
  • Domestic crude makes up half of U.S. East Coast refinery receipts in January 2014

    05/08/2014 5:28:28 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | April 30, 2014 | Energy Information Administration
    Domestic crude makes up half of U.S. East Coast refinery receipts in January 2014 Receipts of domestic crude oil at East Coast (PADD 1) refineries in January were approximately equal to receipts of foreign crude oil (Figure 1), reflecting a very significant change from recent experience. In January 2013, domestic crude oil was only 18% of total PADD 1 crude receipts, and in January 2012 domestic crude accounted for just 5% of PADD 1 receipts. Rising U.S. crude oil production in the Bakken formation in North Dakota combined with the expansion of crude-by-rail infrastructure, which has facilitated movement of Bakken...
  • The Bakken Shale Hits a Billion. How Much More Is Left in the Tank?

    05/07/2014 8:04:22 AM PDT · by ckilmer · 23 replies
    fool.com ^ | May 5, 2014 | By Matt DiLallo
    The Bakken Shale Hits a Billion. How Much More Is Left in the Tank? By Matt DiLallo | More Articles | Save For Later May 5, 2014 | Comments (0) How soon will the sun set on the Bakken Shale boom? Photo credit: Flickr/katscool.Continental Resources (NYSE: CLR  ) recently noted that the Bakken Shale underneath North Dakota and Montana recently produced its billionth barrel of oil. The company, which has been a leader in developing the field, thinks we've only just begun to recover the oil trapped within these rocks. For a really interesting animation that shows how production in the...
  • North Dakota tribes’ oil output rivals US states

    04/23/2014 6:39:04 AM PDT · by thackney · 25 replies
    AP via Fuel Fix ^ | April 23, 2014 | Josh Wood
    Oil production on the Fort Berthold Indian Reservation in North Dakota has become so large that it would rank among the top 10 oil producing states in the nation, a tribal leader said Tuesday. Tex Hall, chairman of the Three Affiliated Tribes — Mandan, Hidatsa and Arikara — said the more than 1,000 wells in the Fort Berthold Indian Reservation produce in excess of 180,000 barrels of oil a day. Compared directly with state production, that puts them among the top 10 oil producers in the nation. “It’s a modern day gold rush. It’s a modern day Deadwood, South Dakota,”...
  • Snuffing flares, North Dakota willing to let oil production take a hit to curb flaring

    04/21/2014 10:59:28 AM PDT · by thackney · 10 replies
    Petroleum New ^ | April 20, 2014 | Maxine Herr
    Regulators are hopeful that excessive natural gas flaring will soon be a thing of the past in North Dakota. At a public hearing scheduled for April 22, the Mineral Resources director will listen to comments regarding production curtailment to reduce flaring in order to then draft an order to be voted on at the May Industrial Commission meeting. The order will have the force of law, according to Director Lynn Helms, and he hopes to have it take effect June 1 to coincide with the gas capture plans order. In March, the commission voted to require a gas capture plan...
  • BAKKEN 'OCEAN' OF OIL - FED TAKEOVER? (personal opinion of poster)

    04/17/2014 8:44:54 AM PDT · by Hostage · 129 replies
    Vanity | April 17, 2014 | By Hostage
    This report is exclusive to freerepublic.com and is intended only to pass observed on-the-ground information to readers. It is not carried on any major news outlet and it won't be in our opinion. You can file this report as conspiracy if needed but it is more suitably filed as accumulation of unexplained Fed action for future analysis. I do ask relevant and pertinent questions throughout the question that Freepers can help answer. One question for which I have affirmative answers is can the federal government move in on oil and gas drillers and takeover at any time declaring any oil...
  • Feds say Eagle Ford and Bakken could lead to end of U.S. oil imports [by 2037]

    04/17/2014 8:32:55 AM PDT · by topher · 20 replies
    San Antonio Business Journal [via Texas Independent Producers and Royalty Org] ^ | Apr 10, 2014, 6:00am CDT | Sanford Nowlin -Reporter- San Antonio Business Journal
    Net oil imports to the United States could plummet to zero by 2037 because of booming production in South Texas’ Eagle Ford Shale and North Dakota’s Bakken Shale, a branch of the Energy Department projected in a new report.
  • 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...