Magnum Hunter Resources CEO on conference call just said believes oil prices stay low for next 12-18 months; does see $100 oil for long time
WILLISTON, N.D. (Reuters) – Business leaders in the capital of North Dakota’s oil boom say they are optimistic the regional economy will stand up to slipping crude prices, confident that the clock can’t be turned back for one of the fastest-growing parts of the United States.
The positive outlook contrasts with the pervasive gloom settling over the No. 2 U.S. oil producer after a plunge of more than 60 percent in crude prices since June.
Business leaders in North Dakota’s oil capital got together Thurs & said optimistic the economy can abide cheap oil https://t.co/X5Q0y79RUR
WILLISTON, N.D. (Reuters) – Almost 3 million gallons of potentially toxic saltwater leaked from a western North Dakota pipeline into a creek that feeds the Missouri River, the largest spill of its kind in the state’s history.
The leak, from a four-inch saltwater pipeline operated by Summit Midstream Partners LP approximately 15 miles north of Williston, occurred earlier this month and was reported to state officials on Jan. 7. It’s not clear what caused the leak and an investigation is underway, a Summit spokesman said.