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Keystone pipeline review looming, likely to show little climate risk

keystone

WASHINGTON(Reuters) – The U.S. State Department is poised to issue an environmental review of the proposed Keystone XL oil pipeline that will likely say the project will not appreciably increase carbon emissions, sources said late Thursday, forcing President Barack Obama closer to a tough decision. Rumors swept through Washington late Thursday that the long-delayed review of the 1,179-mile (1,900-km) pipeline ...

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Koch abandons Bakken oil pipeline

HOUSTON Thu Jan 30, 2014 5:52pm EST HOUSTON Jan 30 (Reuters) – Koch Pipeline Co LP has abandoned plans to build a 250,000 barrels-per-day pipeline to move North Dakota Bakken crude to Illinois, a spokesman confirmed on Thursday. “The project is no longer being pursued,” spokesman Jake Reint said. He did not disclose why Koch canceled the project. Last summer ...

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Oil industry seeks ways to limit ‘easement fatigue’

flaring

By: Patrick Springer, Forum News Service FARGO – A key to solving North Dakota’s chronic gas flaring problem will be to overcome landowner objections to allowing collection lines on their property. A petroleum industry task force is proposing policies and legislation to enhance right-of-way access for gathering lines and transmission pipelines for natural gas. Time spent obtaining right-of-way access, which can ...

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UPDATED: Industrial Commission approves oil mega-unit

qep

By: Amy Dalrymple, Forum News Service, INFORUM BISMARCK – An oil drilling proposal that drew opposition from many mineral owners moved forward Wednesday in a split vote with Gov. Jack Dalrymple objecting. The North Dakota Industrial Commission voted 2-1 to approve a proposal from QEP Energy Co. to develop 25,000 acres in McKenzie County as one large drilling unit known as ...

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Ringleader of Bakken scheme sentenced to 30 years

convicted

The Associated Press HELENA, Mont.—A judge has sentenced a California man to 30 years in prison and ordered him to repay the victims of an investment scheme into non-existent oil-and-gas projects in eastern Montana. U.S. District Judge Sam Haddon told Yorba Linda resident Mike Campa Thursday he was imposing the lengthy sentence because Campa had spent a lifetime defrauding others ...

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Lift Gas Export Ban to Reduce Flaring

gas flare

By: Rob Port, Bakken.com Contributor There’s a big push to reduce North Dakota flaring, but it needs some help from Congress. Yesterday the North Dakota Petroleum Council, which represents most of the oil industry in North Dakota,announced a goal set by the industry to collect 85 percent of the gas produced in North Dakota within two years, and 90 percent within ...

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Diamond Resources bids $34,000 an acre for oil

Diamond Resources

 By Lauren Donovan A bid of $34,000 an acre for federally owned oil and gas minerals in Mountrail County set a record for a lease auctioned by the Bureau of Land Management. That all-time high for a 53-acre tract in Mountrail County was bid by Diamond Resources of Williston. In the auction held Wednesday, the agency sold 2,260 mineral acres in ...

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Liberty Resources II LLC Announces Acquisition of Bakken Assets, Marking Return to Williston Basin

Liberty Resources II

DENVER and LONDON, Jan. 30, 2014 /PRNewswire/ Liberty Resources II LLC (“Liberty II” or the “Company”), a Denver-based oil and gas company, today announced that it has entered into an agreement to acquire oil and gas assets in North Dakota’s Williston Basin for $455 million.  The properties to be acquired comprise approximately 53,000 net acres in Williams, Divide, Burke and ...

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Further Debate Needed for ‘Extraordinary Places’ Policy

lake sakakawea

By: Mike Nowatzki, Forum News Service BISMARCK – Industrial Commission members delayed action Wednesday on a policy that would create a more formal process for public comment on proposed oil and gas drilling near “extraordinary places” in western North Dakota, saying they want to allow for additional public input. “I don’t think it’s finished,” Gov. Jack Dalrymple, the commission’s chairman, said. ...

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