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US Oil reserves rise 45%

The Bakken petroleum system and other tight, unconventional plays were largely responsible for a 45 percent rise in U.S. oil reserves over the past five years, according to a recent study by accounting firm Ernst & Young. Investments in the U.S. oil and gas sector also reached their highest level in almost a decade, the study revealed. The Ernst & ...

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Blast hits gas pipeline between Egypt and Jordan

Sun Jul 7, 2013 3:20am EDT (Adds fire under control, no injuries from explosion) CAIRO, July 7 (Reuters) – An explosion has hit an Egyptian gas pipeline in the lawless Sinai peninsula following a spate of attacks on security checkpoints in recent days, state television and witnesses said. It was not immediately clear who was responsible for the pipeline blast ...

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Mayor: $10 million won’t go far in meeting Watford City’s needs

By Neal A. Shipman Farmer Editor Source Article from http://www.watfordcitynd.com/?id=10&nid=2265 With the city of Watford City looking at needing over $195 million in infrastructure improvements to meet the needs of a rapidly growing city, Brent Sanford, Watford City mayor is less than pleased to see that his city is only going to be receiving $10 million in North Dakota Oil Impact ...

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Fracking critics unhappy with Obama climate speech

PITTSBURGH (AP) — President Barack Obama’s speech this week on climate change forcefully rejected some key arguments made by opponents of natural gas fracking, upsetting some environmental groups that otherwise back his climate goals. Obama, in his address Tuesday calling for urgent action to address climate change, praised what he called “cleaner-burning natural gas” and its role in providing safe, ...

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Name of victim in fiery oil tanker crash released

STANLEY, N.D. – One of three people killed last week in a multiple-vehicle crash involving an oil tanker that exploded was identified Tuesday as Tyler Fischer, 23, of Minot, the North Dakota Highway Patrol said. Authorities withheld the release of his name until receiving positive confirmation from the medical examiner, said Capt. Gary Orluck.Heavy fog contributed to a five-vehicle crash ...

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ND drillers to get tax breaks natural gas usage

Posted: Monday, July 1, 2013 8:59 am Updated: 7:17 am, Tue Jul 2, 2013. ND drillers to get tax breaks natural gas usage Associated Press | BISMARCK, N.D. (AP) — New legislation offers North Dakota oil drillers tax breaks beginning Monday if they stop burning and wasting natural gas. The Republican-sponsored bills passed the Legislature this year. They offer oil ...

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