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Eugene Graner: Did oil top in January? [video]

north dakota oil, bakken pumpjacks, oil production

A “winter rally high” in January showed oil at a high around $55 per barrel. Eugene Graner, from Heartland Investor Services, walks us through crude oil prices and what he thinks the market will do next, including a discussion of OPEC and crude oil inventories. Visit Heartland to see this week’s Market Quick Take video. About Heartland Investor Services: Heartland Investor Services ...

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North Dakota oil output drops 20K barrels daily in June

North Dakota oil production

BISMARCK, N.D. (AP) — North Dakota’s oil production decreased by more than 20,000 barrels a day in June. The Department of Mineral Resources says the state produced an average of 1.02 million barrels of oil daily in June, down from 1.04 million barrels in May. North Dakota’s production record was set in December 2014 at 1.22 million barrels daily. North ...

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NY Sen. Schumer: Make oil safer before train shipments

oil train, crude train

ALBANY, N.Y. (AP) — New York Sen. Charles Schumer says oil companies should be required to make their crude less dangerous to transport before loading it onto trains. The Democrat said Wednesday that much of the oil being shipped via train can be rendered less hazardous by removing flammable gasses first. Oil coming from North Dakota’s Bakken Shale formation is considered more ...

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Trump uses energy speech to outline general election pitch

Donald Trump energy speech

BISMARCK, N.D. (AP) — Presumptive Republican presidential candidate Donald Trump unveiled an “America first” energy plan he said would unleash unfettered production of oil, coal, natural gas and other energy sources to push the United States toward energy independence. But the speech, delivered at the annual Williston Basin Petroleum Conference in Bismarck, North Dakota, went far beyond energy, as Trump ...

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Bismarck elementary students got an energy education on Wednesday at the Williston Basin Petroleum Conference

Oil Can Kids Day

250 students, mostly fourth-graders, attended the Oil Can Kids Day event at the Bismarck Civic Center. Fourth-grade classes rotated through different energy education stations, each one a snapshot of where energy comes from and how it is used. The program also teaches students about tools and skills they’ll need if they work in a trade. At one station, kids participated ...

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Minnesota regulators to make some key pipeline decisions

Enbridge pipeline

MINNEAPOLIS — The Minnesota Public Utilities Commission meets Thursday to make some important decisions on how it will proceed with Enbridge Energy’s proposed Sandpiper oil pipeline from the Bakken oil fields of North Dakota across Minnesota to Superior, Wisconsin. The decisions will also affect Enbridge’s proposal to replace its aging Line 3 pipeline from the tar sands of Alberta to ...

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Eminent domain sought for one-third of Iowa land on Bakken pipeline

FREMONT — Bill Alexander gets emotional walking out to the farm fields where the proposed 1,134-mile, 30-inch-in-diameter Bakken crude oil pipeline would run down the middle of the property. Alexander fears oil spills, long-term damage to nutrient-rich soil and turning his back on the livelihood that’s supported four generations of his wife Pam’s family, future generations and their retirement. “People ...

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Oasis Petroleum’s credit line cut by Wall Street banks

Credit lines for Oasis Petroleum have been reduced by about $170 million by Wall Street banks due to the persisting oil price slump. As reported by Reuters, this is the largest reported reduction of an oil producer’s “access to debt markets” this fall, prompted of course by low oil prices. Oasis, operating exclusively in the North Dakota Bakken oil patch, ...

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