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Report: Oil falling, but Eagle Ford, Bakken output on the rise

TPH: Production from Big Three shale plays will suffer with $50 oil

The lingering crude slump is expected to drive down production next year in the nation’s premiere oil patches — West Texas’ Permian Basin, South Texas’ Eagle Ford and North Dakota’s Bakken shale.
A crude oil drill rig stands in the distance of a single family home under construction in Williston, North Dakota, U.S., on Monday, Feb. 13, 2012. North Dakota will hold its Republican presidential caucus on March 6. Photographer: Daniel Acker/Bloomberg

Real estate crisis emerging in North Dakota’s man camps

The frenzied drilling that made North Dakota No. 1 in personal-income growth and job creation for five consecutive years hasn’t lasted long enough to support the oil-fueled building explosion.

Eric Dille, director of government relations for EOG Resources., speaks at a meeting about flaring of natural gas in Bismarck, N.D., Thursday, Sept. 24, 2015. (Tom Stromme/The Bismarck Tribune via AP)

North Dakota regulators extend, toughen gas flaring mandate

North Dakota regulators have given the oil industry an additional 10 months next year to reduce the flaring of natural gas but also implemented a stiffer long-term benchmark.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

Raymond James: Natural gas production is slowing, but another boom could be on the way

After adding as much as 5.4 billion cubic feet per day in new production in 2014, the U.S.’s natural gas haul leveled off at about 73-75 billion cubic feet per day in early 2015, according to Raymond James.
(Photo by Andrew Burton/Getty Images)

3 plead guilty in murder-for-hire plot in North Dakota oil patch

Three men have pleaded guilty in federal court in the murder-for-hire slaying of a Spokane businessman that arose from business dealings in the North Dakota oil patch.
(Jim Gehrz/Minneapolis Star Tribune/MCT)

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

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

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

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.

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

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

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.