WILLISTON, North Dakota, Aug 26 (Reuters) – The number of
wells drilled in North Dakota has eclipsed 15,000 for the first
time, underscoring the breakneck development of the state’s
Bakken shale formation, where more than 1 million barrels of oil
are extracted each month.
Crossing the threshold, which happened earlier this summer,
according to regulatory data to be released later Tuesday,
triggered a release of $587,000 from the state’s budget to hire
additional oilfield inspectors. Environmentalists, ranchers,
farmers and other rural landowners have been clamoring for them.
HOUSTON/WILLISTON, NORTH DAKOTA Aug 20 (Reuters) – A
fracking boom isn’t enough for U.S. oil and gas producers -
they’re now starting the re-fracking boom.
Wells sunk as little as three years ago are being fracked
again, the latest innovation in the technology-driven shale oil
revolution. Hydraulic fracturing, which has upended global
energy markets by lifting U.S. crude oil output to a 25-year
high, has been troubled by quick declines in oil and gas output.
WILLISTON, Aug 18 (Reuters) – A subsidiary of real estate
developer The Prime Group Inc said on Monday it plans to build a
$150 million convention center in Williston, North Dakota,
aiming to supply a world-class meeting space for the
fast-growing oil boom community.
The 16-story complex, which wouldn’t open until 2016 at the
earliest and still needs funding and approval from city
officials, would have more than 600,000 square feet of space,
including indoor and outdoor exhibition areas, a Ruth’s Chris
Steak House, retail shops, office space, underground parking and
a 300-room hotel.