The Dakota Prairie Refining facility under construction four miles west of Dickinson is about $50 million over budget but remains on track to start refining crude in December, a project official said last Tuesday at the Williston Basin Petroleum Conference in...
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Month: May 2014
HAMM PREDICTS 2 MILLION BARRELS PER DAY POTENTIAL
As North Dakota oil production approaches the milestone of producing 1 million barrels a day, CEOs of three top Bakken companies said Thursday that's only the beginning. Continental Resources CEO Harold Hamm said he projects that technology advancements will push the...
$2.9 MILLION SPENT ON FEDERAL LEASES IN SOUTHWEST NORTH DAKOTA
The Bureau of Land Management auctioned oil and gas leases on 22 parcels in northern Billings, northeastern Golden Valley and northwestern Slope counties, netting $2.9 million, said Kristen Lenhardt, a bureau public affairs specialist. via Prairie Business Magazine
EAGLE FORD, PERMIAN ARE KINGS OF OIL, BUT THE BAKKEN IS GAINING FAST
When it comes to shale plays, Texas' own Eagle Ford Shale and Permian Basin are still the kings of oil production. North Dakota's Bakken Shale is gaining fast, though, as it just surpassed the 1 million barrels per day mark in March, according to the Energy...
BNSF: FUTURE OF CRUDE BY RAIL DEPENDS ON SAFETY
St. Louis Post-Dispatch: The future of crude oil shipments by train depends on proving to the public that it can be done safely, BNSF Railway Co. Executive Chairman Matt Rose told several hundred people at the Williston Basin Petroleum Conference in Bismarck BNSF said...
BAKKEN SHALE OIL SAFE FOR RAILS, INDUSTRY GROUP SAYS
The Wall Street Journal: Crude oil from the Bakken Shale formation doesn't pose special risks to rail transport and shouldn't require a separate classification regime than other hazardous liquids, North Dakota oil producers said in a study released Tuesday.
270 FRACKING WELLS ACCOUNT FOR 60 PERCENT OF ALL FLARING IN NORTH DAKOTA
HuffPo via The Associated Press: Just 274 wells accounted for around 60 percent of all flaring of natural gas in North Dakota in December, said Chad Wocken, senior research manager at UND's EERC,Tuesday at the Williston Basin Petroleum Conference in Bismarck...
HOVLAND DISMISSES FLARING SUITS
U.S. District Court Judge Daniel Hovland dismissed a series of lawsuits filed against oil and gas companies by North Dakota mineral owners who claim they are owed royalty payments for natural gas illegally flared from oil wells. Hovland ruled that the mineral owners...
HESS RANKED TOP ENERGY COMPANY IN 2014 BEST CORPORATE CITIZENS LIST
Hess Corporation, which is one of the most active E&P companies in North Dakota, has been recognized as the highest ranking energy company on Corporate Responsibility magazine's prestigious list of 100 Best Corporate Citizens. The modern-day Hess Corporation's...
HAPPY 65TH HYDRAULIC FRACTURING
While just about everyone over the past five years has heard of hydraulic fracturing or "fracking" as it has come to be called, not many people outside of the oil and gas industry know that the hydraulic fracturing process has been around since the 1950's. This Forbes...