Crude stockpiles surge to 22-year high
U.S. crude oil inventories climbed to the highest level in more than 22 years last week as production surged and refineries wrapped up annual maintenance programs, a Bloomberg survey showed. More »
New refineries planned for Bakken Shale
Some companies are building small refineries in North Dakota, trying to take advantage of the low cost of Bakken crude and a growing demand for fuel in the local area. More »
U.S. oil production to surpass imports in 2013
The number of barrels pumped in the United States is expected to exceed the nation’s net oil imports, for the first time since 1995, according to federal projections. More »
Oil boom makes employers landlords in North Dakota
Booming oil production means unemployment in Williams County, N.D. is the lowest in the nation, less than 1 percent. Halliburton Co. has built 50 single-family homes in the county seat over the last two years and is completing 44 townhouses and two apartment buildings. More »
Canadian crude rolling into Gulf Coast refineries
A competitor pipeline to Keystone XL already is funneling oil sands crude to Texas refineries at a rate of 100,000 barrels per day, despite environmentalists’ attempts to block the southward flow of the Canadian oil. More »
Exxon builds reserves with growth in US oil
Exxon Mobil Corp. more than replaced its production of oil and gas in 2012, the energy giant said Tuesday. U.S. oil from shale was the main source of the new proved reserves. More »
Oil’s new reign in Texas draws comparisons to the Kingdom
The Lone Star State is earning a new moniker: Saudi Texas. Oil production in Texas is soaring, jumping to an average 2.139 million barrels a day in November — the best showing in more than 25 years. More »
Tech Talk – Future Bakken Production and Hydrofracking
Before there were refrigerators folks kept drinks cool by putting them into clay jars that had been soaked in water. The evaporation of the water from the clay cooled the container and its contents, which today includes wine bottles. On the other hand… More »
Oil supplies surging, but so is the price
Oil production in the United States has surged and use of petroleum products has fallen. In theory, those factors should have pushed the price of crude down. Instead, it’s gone up. More »
Enbridge losing business to railroads, refiner says
Enbridge Inc.’s North Dakota pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, a refining company told U.S. regulators. More »
Fracking pushes U.S. oil output to highest level in 20 years
Oil output rose to 7.002 million barrels a day in the week ended Jan. 4, a 1.16 million-barrel increase from the same week last year. More »
#3 – Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”?
The Oil Drum staff wishes a Happy New Year to all in our readership community. We are on a brief hiatus during this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil D… More »
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