Posts Tagged ‘Bakken’

Bakken Rig Count – 183 – U.S. Senators Ask for Railway Safety Funding

…The Bakken-Three Forks rig count remained flat at 183 rigs running by the end of last week. The NDIC notes 190 rigs are active in North Dakota, but around 18 of those are in the process of moving in and rigging up. In recent news, U.S. Senators […]

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Enable Midstream inks Bakken deal with XTO

…The agreement is entered into pursuant to an open season announced by Enable Midstream on February 3, 2014. Under the terms of this new agreement, which is secured through acreage dedications, Enable Midstream will provide services to XTO through a crude oil gathering system to be constructed […]

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Hess starting up North Dakota natgas plant, may boost Bakken output

…Hess Corp will begin selling natural gas from its Tioga, North Dakota, plant this month, firing up the station weeks after severe weather delayed its expansion, the company said recently.The plant’s start-up may help boost oil production from the prolific Bakken shale after about 100 producing wells […]

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US Senators Appeal to Senate Appropriations Committee for Railway Safety Funding

…Approximately 70% of the oil produced in North Dakota is transported by rail. Safety concerns mounted after an incident where two BNSF operated trains carrying Bakken crude collided and derailed near Casselton, ND, in late December 2013. The National Transportation Safety Board (NTSB) said about 400,000 gallons […]

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Worthington Industries Acquires Tank Storage Division of Steffes Corporation in North Dakota

…Worthington Industries expands its reach in the Bakken, purchasing the tank storage manufacturing division of Steffes Corporation for an undisclosed amount in late March 2014. Steffes Corporation manufactures oilfield and salt water storage tanks for clients in the Bakken Shale and Williston Basin, and generated $25-million in […]

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Bakken Rig Count – 183 – Wood Mackenzie Forecasts $15B in Bakken Spending

…The Bakken-Three Forks rig count remained flat at 183 rigs running at the end of last week. The NDIC notes 194 rigs are active in North Dakota, but around 15 of those are in the process of moving in and rigging up. In recent news, the oil […]

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Oil towns lead nation in population growth

…The oil and gas boom brought about by new drilling technology is drawing people to shale plays like iron filings to magnets. New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation’s […]

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Report: Bakken oil output to soar as spending hits $15B

…Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm. Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and […]

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Report: Bakken oil output to soar as spending hits $15B

…Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm. Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and […]

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MDU Resources Natural Gas “Dakota Pipeline” Update

…The open season for MDU Resources’ natural gas “Dakota Pipeline” will end on May 30th, but the project may not have any legs. In a Reuters report, company officials indicated at a New Orleans energy conference in March that they are currently lacking enough binding commitments for […]

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