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 Bismarck. via Prairie Busines.
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 state's production to 2 million barrels per day. via Prairie Business Magazine
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
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.
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 Wednesday.
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...
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 failed to exhaust their administrative remedies through the state's Industrial Commission, and therefore the federal court lacks jurisdiction. Read more in the Grand Forks Herald.
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 predecessor, Amerada Petroleum Corporation, completed the first well in North Dakota, the Clarence Iverson No.1 back in 1951 (Amerada merged with Hess in 1969 to form Amerada Hess, which changed its name to Hess Corporation in 2006). Today Hess, its subsidiaries and affiliates, operate over 600 wells in North Dakota.
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 piece gives a little history of the process and the recent attention it has been given which you might find interesting.
BISMARCK - State lawmakers are looking to clear up several areas of a tougher drunken-driving law approved last year, including one provision that allows offenders to be convicted for both DUI and refusing a field sobriety test in the same incident.
HOUSTON - Baker Hughes says it's ready to divulge all the chemicals it uses in hydraulic fracturing, revelations that other big industry players have limited by asserting the potions they use to get at trapped oil and gas are trade secrets. (via FuelFix).