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Bakken

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.
(RJ Sangosti/The Denver Post via Getty Images)

Scientists launch study of emissions over fracking sites

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Scientists from the Cooperative Institute for Research in Environmental Sciences at the University of Colorado and the National Oceanic and Atmospheric Administration plan 15 research flights out of Colorado and Texas between now and May.
(Andrey Rudakov/Bloomberg)

Russian exports could be the next biggest threat to global crude oil prices

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Russia may increase oil exports by as much as 250,000 barrels a day this year, according to the Oxford Institute for Energy Studies.
(Daniel Acker/Bloomberg)

Oil production falling in three big shale plays, EIA says

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Crude production at three major U.S. shale oil fields is projected to fall this month for the first time in six years, the U.S. Energy Information Administration said Tuesday.
Bloomberg Photo/Scott Dalton

Out of Keystone debate’s glare, pipelines going in nationwide

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While the Keystone project awaits a final decision, lesser-known developments have quietly added more than 11,600 miles of pipeline to the nation’s domestic oil network.
(Daniel Acker/Bloomberg)

EIA: Eagle Ford production will slow in April

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Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.