Tag: north dakota

Markets for advanced rigs rising, Nabors CEO says

Rising prices for the Bermuda rig contractor’s most advanced machines are helping Nabors crank out more of them for operators in U.S. shale plays.  More »

Tesoro Logistics to acquire Colorado company for $2.5 billion

The deal is expected to close by the end of the year.  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

N.D. governor: State responding to natural gas flaring problem

About one-third of the natural gas produced in North Dakota is burned off due to a lack of infrastructure  More »

N.D. officials tout $4 billion plastic factory

Two top North Dakota lawmakers were among the supporters of the project that would convert some of the state’s abundant natural gas into plastic.  More »

Magnum Hunter sells North Dakota acreage for $85 million

Magnum Hunter Resources Corp. will sell a portion of its Bakken acreage for $84.7 million, the Houston-based exploration and production company announced Thursday afternoon.  More »

New pipelines threaten U.S. Gulf Coast oil premium

U.S. Gulf crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region.  More »

Houston coal firm gets deeper into oil with $340M deal

Houston mineral rights owner Natural Resource Partners is buying oil land operated by one of the largest players in North Dakota for $340 million, it said Monday.  More »

N.D. oil boom widens wage gap between the sexes

North Dakota’s unprecedented oil bonanza has boosted salaries throughout the state, though the male-dominated, high-paying energy industry also is widening the wage gap between men and women.  More »

Enbridge delays N.D. oil pipeline at least a year

Enbridge is trying to build the 612-mile pipeline to carry 225,000 barrels of oil a day through northern Minnesota to a hub in Wisconsin.  More »

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »

Producers fighting North Dakota rules on rail safety

Oil producers in the state say the crude oil being loaded on to rail cars is safe, but environmental groups are pushing the North Dakota Industrial Commission to act.  More »
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