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Movin’ on up! Rig count gains 18

oil rig, rig count, Baker Hughes

The Baker Hughes rig count showed another generous gain Friday. After a large jump last week, the number continues to climb. Of the 712 total, 566 are exploring for oil, 145 are exploring for gas, and 1 is labeled miscellaneous. Offshore, the rig count dropped by 3. The Permian Basin continues to stand out, claiming over half of the total ...

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TransCanada announces submission of Keystone XL Permit application

Keystone XL, TransCanada

In the wake of President Trump’s executive order earlier this week regarding the Keystone XL Pipeline and the Dakota Access Pipeline, TransCanada announced it has submitted a Presidential Permit application to the U.S. Department of State for approval of the controversial Keystone XL Pipeline. TransCanada asserts the pipeline project will create tens of thousands of well-paying jobs and “generate substantial ...

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Trump overturns Obama’s block on Dakota Access, Keystone

The Keystone Oil Pipeline is pictured under construction in North Dakota in this undated photograph released on January 18, 2012. TransCanada Corporation Handout Photo

On just his second full day in office, President Trump signed paperwork that renegotiates the terms of two pipelines. The Dakota Access Pipeline, running from North Dakota’s Bakken oilfields to Illinois, and the highly disputed Keystone XL, which would bring oil from the Canadian oil sands in Alberta to the Gulf Coast, both received Trump’s golden stamp of approval in an ...

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Texas increases lead huge rig count jump

oil rig, rig count, Baker Hughes

It’s definitely not a little hop, or even a skip. This week’s rig count jump might even be classified as a huge leap of faith as reports across the industry indicate a the oil and gas industry is on the road to recovery. This week, large acquisitions–on by Exxon Mobil and another by Noble Energy–indicate further optimism that activity will ...

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Short-Term Energy Outlooks anticipates gains in oil, natural gas

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

On Tuesday, the Energy Information Administration (EIA) released its Short-Term Energy Outlook, which includes its first forecasts for 2018. A more detailed look at the EIA’s crude oil forecast was released Thursday, January 12. The report slightly reduced its forecast for dry natural gas production in 2017 to 43.78 billion cubic feet per day. In 2016, drilling activity slowed due to ...

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Protesters hang #noDAPL flag at Vikings-Bears game

DAPL, vikings game, protest

Protests against the Dakota Access pipeline have officially penetrated professional sports. A flag reading “Divest” and #noDAPL was hung across US Bank Stadium where the Minnesota Vikings played Sunday against the Chicago Bears. Protests against the controversial Dakota Access pipeline have been headlining North Dakota energy news for the past several months, gaining international attention. Those who protest against the pipeline claim ...

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Energy 2016 – The Year in Review

energy, 2016, year in review

Looking back on 2016, there have been changes, both good and bad, for the energy industry. We’ve toughed out another year of roller-coaster oil and gas prices. We’ve seen prices near $25 per barrel back in May, with a steady, gradual increase in recent weeks. We’ve seen OPEC promise to cut production and President-elect Trump promise to bring back jobs ...

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Pipeline spill cleanup still ongoing in Billings County

pipeline spill

A pipeline spill last week in Billings County released around 4,200 barrels or 176,000 gallons of crude oil from the Belle Fourche Pipeline, approximately 16 miles northwest of Belfield.  Reuters reported that Bill Seuss, program manager for the North Dakota Department of Health, said approximately 3,100 barrels of the 4,200 spilled slid into Ash Coulee Creek, which feeds into the ...

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