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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of April 4 through April 11. Enjoy! 5. Clock keeps ticking toward North Dakota oil tax break The clock kept ticking in March on a potential $5.3 billion, two-year tax break for North Dakota’s oil industry after a state-calculated average of the month’s crude price fell below $52.59 per barrel. The ...

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EIA report pegs Permian as only oil-producing shale

The latest U.S. Energy Information Administration’s (EIA) monthly drilling report has revealed some very encouraging news for the Permian Basin, but as for other major shale plays—not so much. Among the Bakken, Eagle Ford, Haynesville, Marcellus and Niobrara shale plays, the Permian stood alone as the only shale to sustain continued oil production. According to the EIA’s March report, the ...

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Place your bets: Making long-term investments in the Bakken

The decline in oil prices and dropping rig count have caused hushed whispers and speculations of an impending ‘bust,’ but despite these factors, major players are continuing to put their chips on the table, betting with confidence on the future of the Bakken. The Williston Herald reports that many companies are now looking to long-term investments. Among the deals that ...

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North Dakota might help solve Aberdeen workforce woes

Part of the answer to Aberdeen’s workforce shortage could come in the form of manpower from North Dakota’s oil patch — just not from the demographic most might think. Speaking after a community workforce forum Tuesday at Northern State University, Aberdeen Development Corp. workforce development coordinator Kati Bachmayer said the corporation is interested in reaching out to western North Dakota ...

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Bakken Shale: Alive and well, analysts say

The Bakken and Niobrara Shale formations are alive and well, for the most part. At last week’s DUG Bakken and Niobrara conference, analysts were present to talk with industry leaders and relayed some of the annual event’s key takeaways to The Akron Beacon Journal. Market analysts Tim Rezvan and Truman Hobbs from Sterne Agee, one of the oldest and largest ...

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ND Senate approves changes to oil tax distribution formula

BISMARCK, N.D. — North Dakota’s Senate has approved a revamped formula to distribute a portion of the state’s oil and gas production tax revenue. The Senate voted 47-0 on Monday to change the formula. The fund currently sets aside 75 percent of some oil tax revenues for the state and 25 percent for local governments. North Dakota’s House in February ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of March 28 through April 4. Enjoy! 5. EIA: The U.S. hit records unseen for a century The United States hit a milestone last year that hasn’t been accomplished in over a hundred years. According to the U.S. Energy Information Administration (EIA), 2014 was the largest volume increase in oil ...

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