Posts tagged Energy
Phillips 66 and Bridger Pipeline to Construct Liberty Pipeline

Bridger Pipeline LLC (Bridger) announced that they have formed a 50/50 joint venture, Liberty Pipeline LLC, and are proceeding with construction of the Liberty Pipeline (Liberty). The 24-inch pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.

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Dakota Access Pipeline capacity expansion could move 1.1 million barrels per day, operator says

he operator of the Dakota Access Pipeline is planning to nearly double its capacity, to a point where it could transport nearly all of the daily oil production of the nation’s No. 2 producer. The plans include new pumping stations in three states.

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North Dakota's Bakken core to get additional pipeline

“The additional capacity will allow new investments in gas capture infrastructure, such as gathering pipelines and processing plants to move forward,” he said.

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North Dakota 'just won the geology lottery.'

Oil exec estimates the Bakken reserves hold 30 to 40 billion barrels of recoverable oil

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Industrial real estate market tight

Oilfield companies who waited on seeking a position in the Bakken likely to face a premium for that choice.

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Technology Leads Way To Bigger Profits In The Bakken | Oil and Gas Investor

While increasing oil prices and fewer regulations have led to a resurgence in the Bakken, improved technologies since the last boom could lead to more production and the ability to move product to market even faster this time around.

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Stable and steady makes the Bakken attractive to investors

“To emphasize my point, the Permian right now is the leading play and gets most of the attention from industry. However, there are some major tradeoffs to growing that much and that fast. We think that’s where Bakken operators and Bakken investors can look to find opportunities and to capitalize on some of those tradeoffs that there are in the Permian.”

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No doubt about it: Bakken is back

In May, the North Dakota oil and gas industry set a new production record, hitting 1.244 million barrels of oil per day (bopd). In 18 months, production has grown by more than 300,000 bopd, from 942,156 bopd in December 2016. It's hard to believe that only ten years ago, in May 2008, the state's production totaled only 156,420 bopd.

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Construction begins on Davis Refinery site

Meridian Energy Group announced Tuesday it is starting site construction for the Davis Refinery near Theodore Roosevelt National Park.

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The Bakken Better than Ever

Emerging from the downturn, optimism from Bakken-industry players highlights why most see the play as another opportunity waiting to happen.

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Stein's law says oil prices will rise: Kemp

“If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998).

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Saudi Arabia may go broke before the US oil industry buckles

It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise

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KLJ reports on positive effects from decrease in oil prices

This time last year, he said, wells that were yielding 3,000-3,500 were considered “very good.” But innovation has occurred since then, which suggest re-fracking may be feasible.

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North Dakota posts surprising jump in oil output in March

North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices.

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