Posts tagged oil
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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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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Oil holds above $64 before U.S. supply report, eyes on Iran

LONDON – Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.

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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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TransCanada Plans to Seek U.S Approval for new Pipeline

The company behind the Keystone XL pipeline plans to ask the U.S. government to permit a new and different pipeline project.

Despite the yearslong fight over Keystone XL, TransCanada Corp. will apply to the U.S. State Department to build a 200-mile pipeline from North Dakota’s booming oil fields across the border into Canada to connect to another proposed pipeline, according to a person briefed on the plan.

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Bakken Oil Boom now a generational oil play

WILLISTON - Any thoughts that the pace in the Bakken oil patch has slowed down over the past few years, can be eliminated.  "We're breaking records everyday," noted Tom Rolfstad, Executive Director of Williston Economic Development.

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Oasis CEO says Bakken still early innings

When Taylor Reid, president and Chief Operating Officer of Bakken pure-play operator Oasis Petroleum Inc., is asked how long the oil production and development will happen in the Williston Basin, he responds with a baseball analogy. The Bakken is still “in the early innings,” Reid said. For Oasis, it appears the game is just getting good. “2013 was a really good year for us,” he said.

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There’s $118 Billion in Future Riches Still Trapped in North Dakota

Oil and gas companies from around the world are planning to spend $15 billion to drill new wells in the Bakken shale this year. This money is being spent in an attempt to unlock even greater riches. In fact, according to oil and gas industry analyst Wood Mackenzie the Bakken and Three Forks formations still hold $118 billion in remaining value.

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