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. Dallas-based Energy Transfer Partners LP said Thursday in a statement that the "Bakken Pipeline"...
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PROSECUTORS ARE READING EMAILS FROM INMATES TO LAWYERS
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. But even as Mr....
BLOCKBUSTER BAKKEN DEAL MAY PUT A BIT MORE OIL IN TRADERS’ HANDS
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. Over the weekend, Whiting Petroleum Corp said it would acquire...
WHITING PETROLEUM TO BUY KODIAK OIL & GAS
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. The deal will unite two big exploration and production companies, both of which have a strong presence in...
DALRYMPLE ON REGULATORY PUSH TO REDUCE BURN-OFF BY BAKKEN OIL PRODUCERS
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...
NORTH DAKOTA PUMPS 1 MILLION BARRELS OF OIL A DAY
AP via ABC - 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...
EXXON MOBIL’S 570,000 BAKKEN ACRES: GOING INTO DEVELOPMENT MODE
Via Seeking Alpha - When investors hear the word "Bakken," the companies that usually come to mind are Continental Resources (CLR), Whiting Petroleum (WLL), or perhaps Statoil (STO). However, Exxon Mobil (XOM) has ~570,000 acres in the tight-oil play across North...
CAHILL SAYS A SEARCH WARRANT IS REQUIRED
Via KFGO: Minnesota District Court Judge Steven Cahill dismissed charges against two individuals in Clay County who refused to submit to blood alcohol tests on the basis that the U.S. Supreme Court's holding in Missouri v. McNeely, 133 S.Ct. 1552 (2013), requires law...
$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
ND REFINERY $50M OVER BUDGET, BUT STILL ON TRACK FOR DECEMBER
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...