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Bakken News

Final approval of oil train settlement is delayed

PORTLAND, Maine — Final confirmation of a $338 million settlement for victims of an oil train derailment that claimed 47 lives in Quebec was delayed Thursday to give the lone party that opposes the plan additional time to reach an agreement on terms to join the settlement or withdraw its objection. Canadian Pacific will let the settlement move forward by ...

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The Bakken is not special – analysis

Speaking at the annual North Dakota Petroleum Council meeting, Scott McNally dissected the Bakken’s potential in the global energy market and its ability to swing the market. The verdict? Despite being the number two producer in the U.S., the Bakken isn’t all that special. McNally, a graduate research assistant at Harvard University and fellow for the Center on Global Energy ...

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Contractors tapped for Midwest oil pipeline

CEDAR RAPIDS — Two Wisconsin companies, including Michels Pipeline Construction, which has a field office in Cedar Rapids, have been selected to build portions of the proposed Dakota Access Pipeline. The yet-to-be-approved $3.78 billion, 1,134-mile Dakota Access Pipeline would transport domestically produced light sweet crude oil from the Bakken and Three Forks production areas in North Dakota to Patoka, Ill, ...

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North Dakota set to extend deadline for gas flaring rules

BISMARCK, N.D. – North Dakota is poised to give the energy industry up to two extra years to curb the amount of natural gas burned off at oil wells, a move that would ease worries pipeline construction delays make it impossible to meet aggressive flaring standards. Governor Jack Dalrymple and the two other members of the North Dakota Industrial Commission ...

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Energy Capital Partners seeks buyers for Summit Midstream stake – Bbg

Private equity firm Energy Capital Partners is looking for buyers for its interest in Summit Midstream Partners LP, a deal that would include a minority stake in the pipeline operator as well as ownership of its general partner, Bloomberg reported. The sale would also include some oil and gas gathering and processing operations in North Dakota, Colorado and Ohio owned ...

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Oil company officials laud findings on crude oil volatility

FARGO, N.D. — Preliminary research and comments by several federal agencies on the volatility of crude oil from North Dakota shows that Bakken crude has been unfairly singled out in safety discussions, oil industry representatives said Tuesday. The makeup of crude oil from the Bakken formation has been at the forefront because of several fiery train derailments, including one in ...

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North Dakota oil producers, regulators spar over new rules

FARGO, N.D.  – North Dakota’s oil producers and their federal regulators spared at an industry conference on Tuesday over a raft of new rules with broad implications for energy development, the latest escalation in a war of words that has both parties aiming to sway public opinion. The public spat at the North Dakota Petroleum Council’s annual meeting comes as ...

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