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$220 Million investment in ND Rail capacity by BNSF

bnsf railway

FORT WORTH, Texas–(BUSINESS WIRE)– BNSF Railway Company (BNSF) plans to invest an estimated $220 million to improve and expand rail capacity in North Dakota this year. BNSF’s 2013 capacity enhancement projects in North Dakota include constructing three new sidings west of Minot near Manitou, Tioga, and Palermo; extending the sidings near Glen Ullin and Hillsboro; improvements to six sidings between ...

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Shale headed down the path of destruction?

oil money

LONDON: Shale skeptics have seized on big writedowns in the value of shale gas and oil properties in North America to question whether the fracking revolution could be running into trouble. On Aug. 1, Shell became the latest in a long line of oil and gas companies to reveal a multi-billion-dollar writedown in acreage value. It announced just over $2 ...

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Money Spent on Rail Safety will increase costs in the Bakken

Bakken oil by rail

Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs. The U.S. Federal Railroad Administration is investigating whether chemicals used in hydraulic fracturing are corroding rail tank cars and increasing risks. Separately, three pipeline companies including Enbridge Inc. warned ...

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Bakken properties sold by Abraxas to natural Resource Partners

Abraxas Petroleum Corp

Abraxas Petroleum Corp. said Tuesday that it has closed on the sale of nonoperated properties in the Bakken Shale for $38.3 million in cash. The buyer is Natural Resource Partners LP, a Houston-based master limited partnership. The acquisition consists of about 13,500 net acres with an estimated average working interest of 11 percent in the Bakken-Three Forks play in the ...

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Nuverra developing site in Bakken to Recycle fracking water

frackingwater

WATFORD CITY, N.D. – The technology is now available to allow oil companies to recycle water used for hydraulic fracturing in North Dakota, industry representatives said Tuesday. But implementing that technology in the Bakken will take time as operators adjust to the new methods and regulators respond with new permitting rules. Oil service companies Halliburton and Nuverra Environmental Services held ...

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OPEC’s future uncertain as US oil plays boom

OPEC

The rise of North American oil supplies could test the future of OPEC which may have to curb supply to accommodate rising shale oil volumes, a new report has found. The increase in U.S. output is a “defining feature of tomorrow’s market” according to International Energy Agency’s oil market report and could test the producer group’s share of the global ...

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Williston ND to get Grainger Branch to support Bakken Oil Fields

Grainger

Williston, ND – Grainger announced the opening of its new branch in Williston, N.D. to support customers in the Bakken oil fields. “Grainger offers world-class solutions that are part of a multi-channel approach, which includes our sales team, eCommerce, programs to manage customer inventory more effectively, and a strong network of branches and contact centers,” said Doe Kittay, Vice President ...

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