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Markets in crude oil continue to change thanks to increase in ND production

crude oil

The differential between West Texas Intermediate (WTI) and North Dakota’s Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. Bakken crude sold at a $25-per-barrel discount to WTI in early 2012 and rose to a $5-per-barrel premium last September, before again being discounted below WTI this winter. So far this year, the gap between ...

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Oil Shipments receive Safety Inspections via “Operation Classification”

WASHINGTON (AP) — Federal inspection teams have been conducting spot safety checks of rail shipments of crude oil from the booming Bakken oil region in Great Plains states in response to last month’s rail disaster in Canada, U.S. officials said Thursday. The official name of the inspections is “Operation Classification,” although Cynthia Quarterman, head of the Pipeline and Hazardous Materials ...

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ND oil boom, not everyone good with it

Park ranger and rancher John Heiser, who raises cattle near Grassy Butte and works in Theodore Roosevelt National Park’s North Unit, is fed up with the truck traffic and environmental degradation of what he calls ‘the Bakken curse.’ (BARTLEY KIVES / WINNIPEG FREE PRESS) GRASSY BUTTE, N.D. — On the western fringe of North Dakota, not far from the Montana ...

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Peregrine Petroleum Investing in ND Gas and Oil Projects

Peregrine Petroleum

DALLAS and HOUSTON, Aug. 19, 2013 /PRNewswire/ — Texas-based Peregrine Petroleum is continuing the company’s oil and gas exploration and development activities in the Bakken and Three Forks Shale in North Dakota’s Williston Basin region following last year’s acquisition of 3,210 acres of producing leases from Colorado-based Ranch Oil Company. Peregrine recently filed drilling spacing unit applications in the Pierre Creek ...

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Infocast’s 4th Annual Bakken Infrastructure Finance & Development Summit 2013

infocast logo

BISMARCK, ND–(Marketwired – Aug 21, 2013) – Exciting new production techniques have turned the Bakken Shale play into an energy success story, where crude production surged from 274,000 barrels per day in January 2011 to 673,000 in January 2013. Pipelines are full to capacity as they transport Bakken crude to refineries across the country. Crude-by-rail traffic has gone through the ...

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Effects of oil on Crosby, the positive kind

crosby nd

CROSBY Tim Gjovig more than doubled the size of his Hardware Hank store in Crosby when he rebuilt to accommodate the business volume that he was seeing. Now in his new building for just over a year, he’s already wishing the store was bigger. “There’s just so much going on around here,” said Gjovig, whose store is experiencing a demand ...

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Bakken outskirts hold minerals as well

North Dakota mineral acreage

BISMARCK, N.D. — More than 54,000 mineral acres of land were up for lease Tuesday, many of which are on the periphery of areas with much oil and gas production. State Land Commissioner Lance Gaebe said tracts of land from 13 counties in the western and central part of the state were up for lease during the North Dakota Department of ...

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Waste Management expands reach to Bakken region

The U.S. oil and gas boom may be sweeping the nation, but it’s also producing a lot of garbage, and Houston-based Waste Management is expanding to clean it up. North America’s largest waste company said Thursday it had acquired two businesses focused on helping oil companies manage their refuse from the Bakken Shale play in North Dakota. Waste Management already ...

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