Home / News / Bakken News (page 50)

Bakken News

US rig count declines by 4 this week to 771

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 771. Houston’s Baker Hughes said Friday that 572 rigs were seeking oil and 199 explored for natural gas. A year ago, with oil prices about double the prices now, 1,925 rigs were ...

Read More »

Supervisors take no action on Bakken pipeline resolution

The Story County Board of Supervisors took no action Wednesday on a resolution proposed by the League of Women Voters of Ames & Story County, urging the board to request the Iowa Utilities Board conduct a complete and independent environmental and economic impact study on the proposed Bakken Pipeline. This decision comes just two weeks after the Boone County Board ...

Read More »

Group: Iowa board is limiting public comments on pipeline

DES MOINES, Iowa — A group that opposes a proposed oil pipeline across Iowa says the regulatory board overseeing whether it gets approved is limiting public comment on the project. State officials deny that, saying they’re granting both sides equal time. Iowa Citizens for Community Improvement said the Iowa Utilities Board will hear comments from only about 200 people when ...

Read More »

Western water system sales drop with slowdown in oil patch

BISMARCK, N.D. — A system bringing treated Missouri River water to northwestern North Dakota has experienced a significant drop in industrial water sales as activity has slowed in the oil patch due to slumping crude prices. Gross monthly industrial water sales through the Western Area Water Supply project slipped from a peak of more than $4 million in October 2014 ...

Read More »

Will Highway 85 see more improvements, another expansion?

One of the highways serving as a main artery for traffic through North Dakota’s oil patch might soon expand to four lanes, along with a possible bridge replacement, reports The Bismarck Tribune. The North Dakota Department of Transportation said it plans to complete improvements on the southern stretch of Highway 85 from Watford City to Interstate 94, a 62-mile stretch ...

Read More »

MDU Resources sells oil exploration subsidiary

MDU Resources Group Inc. has announced the sale of a property dedicated to oil exploration along with four other sale agreements, according to The Bismarck Tribune. In its third-quarter earnings report, MDU Resources reported the sales from the five agreements and projected tax benefits are expected to have raised $450 million. The proceeds will be applied to outstanding debts. As ...

Read More »

North Dakota drilling rights auction nets nearly $8.5M

BISMARCK, N.D. — A quarterly state auction for oil drilling rights on North Dakota state land has fetched nearly $8.5 million. The Bismarck Tribune reports that more than 10,500 mineral acres in nine counties were auctioned Tuesday at the state Capitol. A total of 340 acres were auctioned for over $3.6 million in Mountrail County. About 245 acres went for ...

Read More »

Oasis Petroleum profit beats thanks to cost cuts

North Dakota oil producer Oasis Petroleum Inc posted a better-than-expected quarterly profit on Tuesday as it successfully slashed costs to offset plunging crude prices. Bucking the industry trend to hunker down, Oasis also boosted its production forecast for the year and locked in hedges for 2017, steps that signal the Houston-based company’s confidence it can weather the low-price storm. For ...

Read More »