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Bakken workforce housing firm renews 2 contracts

Target Logistics, an international provider of workforce housing, announced on Monday that it has renewed major contracts with two global oilfield service companies. A recent press release states that the Woodlands, Texas-based company renewed contracts totaling roughly $50 million. Target Logistics, which has been offering housing services in the Bakken formation since 2010, will continue to provide workforce housing to ...

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Everyone is taking hits from gas prices, even food

oil and money

Over the past months, oil and natural gas prices have fallen and caused job cuts, facility closings, rent decreases and even cutbacks on food production. The most common issue when it comes to falling energy prices is job cuts.  Most recently, Siemens Energy Inc. laid off 240 employees from its Mount Vernon plant.   Siemens Energy, which was acquired by Rolls-Royce ...

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PennEast pipeline would be boon, study contends

A new study shows natural gas consumers in eastern Pennsylvania and New Jersey could have saved more than $890 million last winter if the PennEast pipeline had been in place. However, that excludes customers from Northeast Pennsylvania, a spokesman for the company says. The approximately 114-mile, 36-inch diameter PennEast Pipeline will begin at a site off Hildebrandt Road in Dallas ...

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Swiss company wants decision on $500M Williston project

WILLISTON, N.D. — An international real estate company is pressing officials in North Dakota’s Williams County make a decision on approving a proposed $500 million development on the outskirts of the oil patch hub of Williston. Swiss-based Stropiq has asked the Williams County Commission to force its planning and zoning committee to make a recommendation on Williston Crossing. The project ...

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Port Fourchon reduces rent amid lower oil prices

FORT FOURCHON, La. — Some tenants at Port Fourchon, the main service hub for the Gulf of Mexico oilfield, will see lower rental rates starting April 1. The Courier reports the Greater Lafourche Port Commission on Wednesday approved a 20 percent rental discount for port land leases. Tenants have requested lower rents because of falling oil prices and they’ve met ...

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Temporary water line in place for Divide, Burke counties

BISMARCK, N.D. — A temporary pipeline has been installed to bring water to people in Divide and Burke counties. Residents of communities including Crosby, Fortuna, Noonan and Columbus were told over the weekend to boil tap water or use bottled water after a break in a Western Area Water Supply Authority pipeline underneath a wetland. About 2,000 people were affected. ...

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Carlsbad moves ahead with plan to ease housing shortage

CARLSBAD, N.M. — The Carlsbad City Council has approved a zoning change that officials are hoping will help ease a housing shortage caused by the oil boom. The Carlsbad Current-Argus reports that the zoning change will allow for developers to build an apartment complex on two lots that were previously zoned for commercial use. California-based Silverado Land Company has plans to ...

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