Ernest's Feed
Jul 22, 2014

Race for North Dakota’s agriculture commissioner is all about oil

TOWNER, North Dakota, July 22 (Reuters) – North Dakota’s
biggest oil producers have picked a side and put money into an
obscure election for the state’s agriculture commissioner,
hoping to ward off a rising Democratic challenger who could
limit development of new wells and pipelines.

With a legislature that meets only every two years, North
Dakota has given an unusual amount of power to the agriculture
commissioner and two other members of the state’s Industrial
Commission, charging the triumvirate with oversight of
permitting and other issues critical to the oil industry, which
hopes to drill 35,000 new wells within 15 years.

Jul 15, 2014

Blockbuster Bakken deal may put a bit more oil in traders’ hands

NEW YORK (Reuters) – 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 Kodiak Oil & Gas Corp, creating a company that pumped some 107,000 barrels per day (bpd) in the first quarter, or about one in every 10 barrels of Bakken crude.

Jun 24, 2014

North Dakota aims to double pipeline capacity; Enterprise helps

BISMARCK North Dakota (Reuters) – 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.

Jun 24, 2014

With Bakken oil pipeline, Enterprise goes where others have failed

BISMARCK North Dakota (Reuters) – Enterprise Products Partners LP proposed on Tuesday to build a 340,000 barrel per day (bpd) pipeline to move shale oil from the Bakken formation, hoping to succeed where others have failed.

The 1,200-mile (1,900-km) pipeline will run to Cushing, Oklahoma, an oil storage hub and delivery point for U.S. crude benchmark futures. Enterprise aims to have the pipeline up and running by the end of 2016.

Jun 24, 2014

Enterprise Products plans Bakken-to-Cushing oil pipeline

BISMARCK, North Dakota, June 24 (Reuters) – Enterprise
Products Partners LP said on Tuesday it will build a
1,200-mile (1,900-kilometer) pipeline from North Dakota’s Bakken
oil fields to Cushing, Oklahoma.

The pipeline, Enterprise’s first in North Dakota, would help
transport more of the state’s crude oil to Cushing, a key
gathering and distribution hub for oil produced around the
United States.

Jun 24, 2014

North Dakota aims to nearly double pipeline capacity -governor

BISMARCK, North Dakota, June 24 (Reuters) – North Dakota’s
governor on Tuesday set a goal for the state’s pipeline capacity
to nearly double within two years, part of a plan to curb the
wasteful flaring of natural gas in the bustling Bakken oil
field.

While oil production has more than tripled in the past
decade to 1 million barrels of oil equivalent (boed) per day,
making North Dakota the fastest-growing economy in the United
States, the pipeline network for transporting natural gas has
lagged.

Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014