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Bakken

(Photo by Eddie Seal for Bloomberg News)

Oil is falling, but Eagle Ford, Bakken output on the rise

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Oil prices are tumbling this year, but production from the Eagle Ford Shale and Bakken formation increased slightly between June and July, according to Bentek Energy. Average oil production in the Eagle Ford in South Texas was 1.6 million barrels per day in July, up by about 10,000 daily barrels over June production. It was an […]
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Oil at $30 is no problem for some cost-cutting Bakken drillers

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In McKenzie County, North Dakota, one of the core areas of the Bakken, the median breakeven price is a little more than $29 a barrel, Foiles said. That’s about a third less than in nearby Williams County, and it’s less than half the average breakeven price for the Bakken that banks and research firms estimated last fall.
(AP Photo/Matthew Brown, File)

3 rail cars leaking crude after oil train derails in Montana

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The train was pulling 106 loaded crude oil cars when it derailed close to Culbertson near the North Dakota border just after 6 p.m. MDT Thursday. The cars typically haul about 30,000 gallons of oil apiece.
(Image: Fotolia)

Oil drilling in Montana taps out

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Montana drilling has been very limited during the Bakken oil boom, but it’s been decades since the state was without a single drilling rig.
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Demonstrators walk toward the Capitol during a rally to protest Minnesota's proposed Sandpiper pipeline, Saturday, June 6, 2015, in St. Paul, Minn. The protestors are calling for the cancellation of the proposed Sandpiper oil pipeline that would travel near some of the state’s pristine waters. (Jim Gehrz/Star Tribune via AP)

Hundreds gather for St. Paul protest against pipeline

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The rally in St. Paul came one day after Minnesota regulators endorsed the $2.6 billion Sandpiper pipeline that would carry crude oil from North Dakota’s Bakken oil fields to Superior, Wisconsin, according to the Star Tribune.
Oil Boom Shifts The Landscape Of Rural North Dakota

Despite dramatic drop in rigs, Bakken’s sweet spots remain attractive

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The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play’s sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis finds.
(Photo by Eddie Seal for Bloomberg News)

EIA: U.S. shale production set to fall again in June

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Output growth is shrinking even in the Permian Basin, where oil companies have kept more horizontal rigs drilling for oil.
This July 6, 2013 file photo shows smoke rising from railway cars carrying crude oil after derailing in downtown Lac Megantic, Quebec. (AP Photo/The Canadian Press, Paul Chiasson, File)

Transportation officials issue oil train safety measures

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There have been a series of fiery oil train explosions in the U.S. and Canada in recent years, including one just across the border in Lac-Megantic, Quebec, that killed 47 people.
(AP file photo/Hasan Jamali)

Saudi Arabia adds half a Bakken to global oil market in a month

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Prices collapsed almost 50 percent last year as Saudi Arabia led OPEC in maintaining production in the face of a global glut.
Oil Boom Shifts The Landscape Of Rural North Dakota

Shale boom to start busting as U.S. output set to fall

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The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.