Home / News / Bakken News

Bakken News

Regulators toughen safety standards for rail cars carrying Bakken crude

stockfresh_2672262_railroads-tankers-cars_sizeS

WASHINGTON — U.S. and Canadian transportation officials on Friday announced stricter safety standards for train cars hauling Bakken crude oil across Minnesota. The new rules come as rare but catastrophic derailments of trains carrying highly flammable Bakken crude have led to explosions and oil spills in Canada, North Dakota, West Virginia and Illinois. The 2013 Canadian accident at Lac-Mégantic killed ...

Read More »

North Dakota legislative update

North Dakota state capitol building in Bismarck. (Image via Wikimedia Commons)

The North Dakota Legislature finished up its 64th assembly Wednesday afternoon with notable items accomplished on a long list of bills. While not all the items on the table were resolved, such as funding for the Public Employees Retirement System (PERS), several bills were passed and signed into law. Specific information about each bill in this was obtained from the ...

Read More »

North Dakota: Death Trap?

Getty Images via NewsCred

For the third year in a row, people died on the job in North Dakota than any other state in2015, The Guardian reports. According to an annual report from union federation AFL-CIO, 14.9 fatalities occurred per 100,000 workers—four times the national average and double the amount of work-related deaths in 2007. The death toll is especially concentrated in the energy ...

Read More »

Statoil to test the use of CO2 in the Bakken

Carbon dioxide bubbles. (Getty Images via NewsCred)

Statoil has entered into a supply and service agreement with Ferus LP to utilize the Denver-based company’s energized fluids, such as liquid carbon dioxide (CO2) and liquid nitrogen, on its North American oil and gas operations, reports the Oil & Gas Financial Journal. Statoil will use liquid CO2 on a test well to examine the benefits of using the energized ...

Read More »

O&G companies are dropping big money to cancel contracts

Getty Images via Newscred

With commodity prices still low, oil and gas companies have started to spend their money on terminating drilling contracts rather than going through with the operations. Antero Resources Corp., which has operations in the Utica and Marcellus Shale formations, is one of the companies that has jumped on the cancellation train. According to the company’s earnings report, during the first-quarter, ...

Read More »

U.S. and Canada ready with oil train safety plan

Photo: Mary Schimke / Shale Plays Media

WASHINGTON – The United States and Canada are expected to present a cross-border plan on Friday to make oil train deliveries safer. For a link to U.S. enforcement actions concerning oil trains, click here. Below is a list of major oil train concerns, past efforts to fix the problem and final measures expected to be announced on Friday. TANK CAR ...

Read More »

North Dakota governor signs sweeping oil tax law

Republican Governor Jack Dalrymple of North Dakota (R) makes remarks as Nebraska Governor Dave Heineman listens during a "Growth and Jobs in America" discussion at the National Governors Association Winter Meeting in Washington, February 23, 2014.  REUTERS/Mike Theiler

WILLISTON, N.D. – North Dakota, the second-largest U.S. oil producer, has approved a sweeping reorganization of its oil tax code, cutting the overall rate and ending a tax break of more than $5 billion poised to hit in June. Governor Jack Dalrymple signed the measure on Wednesday afternoon, his staff told Reuters, lowering the combined rate crude producers will pay ...

Read More »

Colorado joins lawsuit against BLM

Getty Images via Newscred

Colorado recently joined North Dakota and Wyoming in a lawsuit against the Bureau of Land Management regarding its new regulations for fracking on tribal and federal land, The Oil and Gas Journal reports. But Colorado Attorney General Cynthia H. Coffman said the state doesn’t intend to harbor an unregulated oil and gas industry—just one that is regulated on Colorado’s terms. ...

Read More »