Tag: Bakken

CP Exploration II gets $150 million credit line

Local private equity firm Post Oak Energy Capital committed a $150 million line of equity to CP Exploration II, a privately-held exploration and production company based in Dallas and Lafayette, La., the companies announced Monday morning.  More »

More Nuggets on the US Energy Boom

I didn’t intentionally seek out these nuggets on  the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if you like. As crude oil production hits a new 28-year high and natural gas continues to achieve higher and higher record levels of […]  More »

Whiting to buy Kodiak, creating larger North Dakota player

Whiting Petroleum Corp. agreed to buy Kodiak Oil & Gas Corp. for about $3.8 billion in stock, creating what it called the largest oil producer in the Bakken/Three Forks region of North Dakota.  More »

Influence game: Shaping railroad safety rules

Billions of dollars are riding on how oil train safety rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.  More »

Bakken Shale oil explorers told to cut flaring or face punishment

Energy companies that don’t curb so-called gas flaring will face limits on the amount of oil they can pump from the Bakken shale formation, the North Dakota Industrial Commission said in a statement today.  More »

Oil drilling threatens solitude of national park

Oil development is strictly forbidden within Theodore Roosevelt National Park itself, but park officials worry that the flares, lights and noise from drilling just beyond the protected area are sullying the natural spaces cherished by Roosevelt as a bespectacled young man in his mid-20s.  More »

Breaking Bad meets Fargo in underbelly of shale boom

Along with oil prosperity in North Dakota has come a spasm of crime unlike any before on the prairie. Where farmers once sealed deals with a handshake, authorities now contend with drug gangs, meth labs, and violent crimes.  More »

North Dakota oil production surpasses 1 million barrels per day

North Dakota’s oil production surpassed 1 million barrels per day in April for the first time in history, according to preliminary state data released Tuesday.  More »

Hillary Clinton weighs in on Keystone XL pipeline

Former U.S. Secretary of State Hillary Rodham Clinton said Monday that the proposed Keystone XL pipeline shouldn’t be seen as a proxy for the relationship between Canada and the United States.  More »

Feds: Eagle Ford will lead shale production growth in July

The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.4 million barrels of crude oil and other liquids daily in July.  More »

Trains full of crude boost US share in refiners’ mix

East Coast refiners are using less imported oil, as trains deliver crude from the prolific Bakken Shale in North Dakota.  More »

Marathon Oil to sell Norway business for $2.1B

Marathon Oil Corp. struck a deal Monday to sell its Norwegian offshore oil-production business for $2.1 billion, its latest move to lighten its load and concentrate on U.S. shale basins.  More »
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