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Tharaldson Ethanol receives federal funding for expansion

Tharaldson ethanol, federal ethanol grant

Tharaldson Ethanol LLC will be awarded $341,000 in federal funding for the expansion of its Tharaldson Ethanol Plant in Casselton, North Dakota. The funding is awarded through the U.S. Department of Agriculture Rural Development’s Rural Energy for America Program, which works to help farmer, ranchers, and rural businesses implement energy efficiency and renewable energy programs. The announcement was made Aug. ...

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Whiting announces sale of Bakken assets for $500 million

north dakota oil, bakken pumpjacks, oil production

Colorado-based energy company Whiting Petroleum Corp. announced it’s selling it a portion of its North Dakota assets, reported the Denver Business Journal today. The deal between Whiting and RimRock Oil & Gas Williston LLC is said to be worth around $500 million. The sale includes Whiting’s Forth Berthold Researvation area assets located in Dunn and McLean Counties. Whiting executives said ...

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Rig count drops by 5

oil rig, rig count, Baker Hughes

The Baker Hughes North America Rotary Rig Count dropped by 5 last week, with the largest overall dips in Texas. The Permian Basin lost 2 of its rigs, while the Eagle Ford lost 3. In total, Texas lost 7 rigs, while Louisiana lost 1. Interestingly, all the rigs lost were exploring for gas. The oil rig count actually increased by 3. ...

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Rig count increase raises concerns

oil rig, rig count, Baker Hughes

The Baker Hughes weekly rotary rig count showed an increase of 12 total rigs July 7 for a total of 952 rigs drilling for oil and gas in the United States. Of the 952, 763 rigs are drilling for oil, up 7 from last week, while 189 are drilling for gas, an increase of 5. By state, Alaska and Oklahoma ...

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Bakken beefs up rig count, Oklahoma up 5

rig count, Baker Hughes

For the second week in a row, the Baker Hughes North American rotary rig count increase was led by areas outside of Texas. North Dakota’s Bakken oilfields saw an increase of three new rigs this week, while Oklahoma added five new rigs exploring for oil and gas, presumably in the Granite Wash and Cana Woodford basins. The Eagle Ford in ...

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Bakken leads rig count increase

Baker Hughes rig count, Williston, Bakken

The Baker Hughes weekly rig count total showed a small increase of six total rigs exploring for oil and gas Friday, led by an increase of three rigs in the Williston basin. Surprising areas of increase this week led to a net increase while many areas that have seen recent activity showed either losses or no increase at all. While ...

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Dallas Fed: Energy indicators see continued increase

proven oil reserves

The most recent report from the Federal Reserve Bank of Dallas for June 2017 shows that many indicators for the oil and gas sector continued to increase in May. While WTI crude dropped slightly, production growth continues to stay strong, especially in the Permian basin. Below is a summary of the report from the Dallas Fed. For more details and graphs, be sure ...

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U.S. Silica plans Permian frac sand plant

frac sand, U.S. Silica

Frederick, Maryland-based U.S. Silica announced plans Monday to build a new frac sand mine and plant in West Texas to serve the Permian Basin. The Permian has been growing steadily despite the recent oil slump, supported by increased production and recently discovered oil reserves by the U.S. Geological Survey at the end of last year. The projected budget for the ...

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Baker Hughes: Rig Count up another 11

oil rig, rig count, Baker Hughes

Breaking another record, the Baker Hughes Rotary Rig Count showed an other increase of 11 new rigs exploring for oil and gas this week. Despite some concern about overproduction, the rig count continues its upward climb, with a total of 927 rigs in the U.S. The total North American count is now 1059. Canada also increased its count by 33. ...

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