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Incendiary Investment – Montana Energy Review

Amid grass-laden prairie and craggy Badlands, oil wells beam like giant medieval torches in the cerulean North Dakota sky. These candles of industry produce upwards of 700,000 barrels of oil each day from the shale reservoirs deep beneath the earth. Simultaneously, these North Dakota rigs are burning off an estimated 30 percent of their natural gas byproduct into the air, ...

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US Oil reserves rise 45%

The Bakken petroleum system and other tight, unconventional plays were largely responsible for a 45 percent rise in U.S. oil reserves over the past five years, according to a recent study by accounting firm Ernst & Young. Investments in the U.S. oil and gas sector also reached their highest level in almost a decade, the study revealed. The Ernst & ...

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Blast hits gas pipeline between Egypt and Jordan

Sun Jul 7, 2013 3:20am EDT (Adds fire under control, no injuries from explosion) CAIRO, July 7 (Reuters) – An explosion has hit an Egyptian gas pipeline in the lawless Sinai peninsula following a spate of attacks on security checkpoints in recent days, state television and witnesses said. It was not immediately clear who was responsible for the pipeline blast ...

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ND synthetic gas plant to resume production

Great Plains Synfuels Plant

Posted: Wednesday, July 3, 2013 12:51 pm Updated: 2:15 pm, Wed Jul 3, 2013. ND synthetic gas plant to resume production Associated Press | BISMARCK, N.D. (AP) — The Great Plains Synfuels Plant in western North Dakota is expected to restart this week after production was halted a month for maintenance work. Bismarck-based Basin Electric Power Cooperative says its plant ...

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This Is Your Town on Fracking

Not long ago I found myself stranded in Williston, North Dakota. You might have heard of it. Despite being the eighth-largest city in the 48th most-populous state, Williston has won some infamy in recent years. It’s at the center of an oil boom that’s likely to make the United States a net exporter of fossil fuels in just a few ...

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Putin pushes Russian agenda at global gas summit

Mon Jul 1, 2013 11:01am EDT * Putin defends Russian pipeline gas model * Decries attempts to break oil-price link * Qatar says prices should reflect consumer interests (Writes through with speakers, context) By Alexei Anishchuk and Katya Golubkova MOSCOW, July 1 (Reuters) – President Vladimir Putin defended the long-term supply deals under which Russia exports its gas on Monday, ...

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ND drillers to get tax breaks natural gas usage

Bakken Shale Rig near Watford City North Dakota

BISMARCK, N.D. — New legislation offers North Dakota oil drillers tax breaks beginning Monday if they stop burning and wasting natural gas. The Republican-sponsored bills passed the Legislature this year. They offer oil companies tax incentives for capturing and using the byproduct of the state’s booming crude production. Records show 275 million cubic feet of natural gas goes up in ...

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ND drillers to get tax breaks natural gas usage – FuelFix (blog)

BISMARCK, N.D. — New legislation offers North Dakota oil drillers tax breaks beginning Monday if they stop burning and wasting natural gas. The Republican-sponsored bills passed the Legislature this year. They offer oil companies tax incentives for capturing and using the byproduct of the state’s booming crude production. Records show 275 million cubic feet of natural gas goes up in ...

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