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Fracking regulations pit ND against DC

Congress News

North Dakota’s The Bakken shale, and how 1 picture tells the whole story. Source: Bureau of Labor Statistics. Though North Dakota has in times past had lower joblessness rates when compared to the remainder of the country, it barely felt a bump in the road with the start of the Great Recession. Not only have the number of jobs enhanced ...

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A Cause for Concern: Oil well blowouts

well blowouts

WILLISTON, N.D. – Oil well blowouts are increasing in the Bakken, prompting regulators to take action. North Dakota has had 23 blowouts in the past year, according to the Department of Mineral Resources. “That’s up significantly,” said Lynn Helms, director of the department.A blowout may be an uncontrolled flow of oil, gas, saltwater or a mixture of these. “The fluids flowing out of ...

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Hess proving to be a big player in the Bakken

Hess

While it might only be the third-largest driller in North Dakota, Hess (NYSE: HES)  has drilled 18 of the 50 top producing wells in the Bakken region over the past two years. The company is focusing on three areas to drive its overall Bakken performance: well costs, productivity, and price realization. This should enable the company to deliver superior returns. Looking ...

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Natural Gas Waste, the Next Turn to Big Profit in ND

Natural Gas

By Lew Amicone NORTH DAKOTA’S NEXT ENERGY BOOM: NATURAL GAS As the economic situation hits hard times nationwide, several states cannot stay up to date with infrastructure, as tax profits remain stagnant. In the case of North Dakota, the state is experiencing a facilities shortage as a result of rapid industrial growth in the Bakken and not because of a ...

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Is Big Oil too big to come together?

oil to big to merge

“They have to reinvent themselves—these companies are too big to grow,” said Fadel Gheit, managing director of oil and gas research at Oppenheimer & Co. He compared the Big Three to “an aging Yankees team” that has a long history and expensive talent but that routinely underperforms. In 2010, Exxon acquired XTO for $41 billion—a deal Gheit branded “an absolute ...

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ND oil production numbers set to explode?

Photo credit: ConocoPhillips Genscape, which is a leading provider of energy information, recently estimated that June’s Bakken daily oil production would skyrocket by 54,000 barrels of oil per day. That would have shattered the the previous record monthly gain of 41,000 barrels of oil per day set in February. It turned out that Genscape was way off as production only ...

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