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north dakota

(AP Photo/Charles Rex Arbogast, File)

EIA revises US oil production estimates lower; June output sank

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The federal government believes daily U.S. crude production fell to 9.3 million barrels in June, down by 100,000 barrels in the prior month, as low oil prices continue to discourage drilling.
David Green, software architect, is shown at Baker Hughes, 11211 FM 2920 Road, Thursday, Aug. 6, 2015, in Tomball. ( Melissa Phillip  / Houston Chronicle )

Service companies see re-fracking as new opportunity

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Re-fracking can be up to two-thirds cheaper than drilling a new well, which is an alluring possibility for cash-strapped U.S. producers who are straining to keep operational costs down and drilling operations intact.
(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)

29 people indicted in Bakken crime fighting investigation

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State and federal authorities say 22 people from western North Dakota and seven from California have been indicted on drug charges. They range in age from 21 to 56.
(Photo by Eddie Seal for Bloomberg News)

Billionaire said to be considering sale of U.S. shale gas holdings

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Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.
(AP Photo/Brennan Linsley)

Federal drilling rules deferred until September

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Federal District Court Judge Scott Skavdahl had already decided to temporarily stay the Interior Department rule while he waits for more information from the government and weighs an oil industry request for a longer-term injunction blocking the drilling mandates.
(Spencer Platt/Getty Images)

Goldman Sachs: So far, cheap oil has been mostly bad for the economy

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While the dive in crude oil prices from more than $100 in June 2014 to a little over $50 this month has meant the cheapest gasoline prices since 2009, consumer spending from that windfall hasn’t outpaced deep cuts to the oil and gas sector.
(AP Photo/Matthew Brown, File)

North Dakota is seeing fewer passenger and freight rail delays due to drilling decline

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Rail currently accounts for about half of North Dakota crude oil shipments, down from a high of 75 percent two years ago.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Wyoming judge to hear challenge to federal fracking rules

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Four states and two petroleum industry groups are suing the U.S. Interior Department, saying the rules announced in March are unnecessarily burdensome for oil and gas developers.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia eclipses Saudi Arabia in fight for oil market share in China

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China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.