BISMARCK, N.D. (AP) - A Texas company has obtained enough shipping commitments from oil companies to build a 1,100-mile pipeline from western North Dakota to Illinois.
New York - The extortion case against Thomas DiFiore, a reputed boss in the Bonanno crime family, encompassed thousands of pages of evidence, including surveillance photographs, cellphone and property records, and hundreds of hours of audio recordings.
Whiting Petroleum Corporation on Sunday said it would buy Kodiak Oil & Gas Corporation for $3.8 billion in stock, and assume $2.2 billion of Kodiak's debt.
Reuters NEW YORK - A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.
North Dakota is at the epicenter of the Bakken Shale oil-production boom that has lifted U.S. crude production to multiyear highs. While that development has brought investment and jobs to the once hard-pressed state, the pace of growth has posed a challenge in terms of infrastructure capacity and regulatory oversight. One of the most obvious issues is the widespread burning off, or flaring, of surplus natural gas at oil wells at levels much higher than in other oil-producing states such as Oklahoma and Texas. North Dakota's Republican Gov. Jack Dalrymple, a member of the state's powerful industrial commission, spoke to The Wall Street Journal's Chester Dawson recently about new regulatory initiatives designed to reduce flaring by Bakken oil producers. Read the full Q & A at The Wall Street Journal.