Dec 12 (Reuters) – North Dakota’s strict new
standards for oil treatment, requiring every barrel of crude be
filtered for dangerous types of natural gas, should add 10 cents
to the cost of producing every barrel, regulators said on
That’s roughly $3.7 million per month, statewide, based on
October’s monthly oil production of 36.6 million barrels. The
new standards take effect in April.
Dec 12 (Reuters) – North Dakota failed to set an oil
production record in October for the first time in eight months
as new anti-flaring standards and slipping oil prices forced oil
companies to throttle back output.
The results laid bare growing concerns about oversupply of
crude oil from the second-largest producing state in the United
States, with regulators warning North Dakota’s output may have
hit a ceiling. The U.S. benchmark for crude oil prices
has dropped nearly 50 percent since June.
North Dakota’s oil output held steady in Oct, down about 4,000 bpd, but up in aggregate for whole month to 36.6 million barrels.
, Dec 9 (Reuters) – North Dakota has approved
strict new standards for oil, requiring every barrel of crude be
filtered for dangerous types of natural gas in order to make
crude-by-rail transport safer.
The new requirements come as federal, state and local
officials grapple with how best to ensure the safe transport of
North Dakota’s crude oil, which has been linked to a string of
fiery crude-by-rail explosions, including one last year in
Quebec that killed 47 people.