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Tag Archives: drilling slowdown

Fewer passenger, freight rail delays due to drilling decline

BISMARCK, N.D. — Delays in Amtrak service and agricultural product shipping have eased across the Upper Midwest in part because weak oil prices have prompted a drilling slowdown in North Dakota, officials say. Along with recent track upgrades, a recently completed pipeline and a new North Dakota refinery also has resulted in fewer oil-laden trains, freeing up rail space and ...

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Finding the sunny side of the Bakken turn down

In a special meeting with the Dickinson City Comission, KLJ CEO Niles Hushka said the oil price slump and drilling slowdown has created a variety of innovations within the industry and positive outcomes for the region, according to the Dickinson Press. The head of the engineering solutions firm stated that the Bakken shale play “is all about optimizing production in ...

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North Dakota town, sewage companies battle over poop

RAY, N.D. — What’s something you thought you’d never hear someone say they were short of? Sewage. Human waste. Poop. All the disgusting things that disappear when you flush your toilet. Rapid population growth in western North Dakota, spurred by a boom in oil and gas production, has prompted many communities there to upgrade their infrastructure. But falling oil prices resulting in ...

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Unemployment falls in just 23 US states as hiring slows

WASHINGTON — Unemployment rates fell in 23 U.S. states last month and rose in 12 as employers pulled back on hiring and a slowdown in oil and gas drilling caused big job losses in some states. The Labor Department said Tuesday that unemployment rates were unchanged in 15 states. Thirty-one state lost jobs while hiring picked up in just 18 ...

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North Dakota oil production declines slightly in February

BISMARCK, N.D. — Oil production in North Dakota slipped slightly from January to February as crude prices continued to decline. State Mineral Resources Director Lynn Helms says production in February was 1.18 million barrels a day, down from 1.19 million barrels in January and a record 1.23 million barrels in December. The number of drilling rigs fell from 160 in ...

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Global forces drive local oil and gas activity

TRAVERSE CITY — Crude oil prices are likely to remain relatively low in the near future. Unless the Saudis decide to take matters into their own hands. Dr. Mary Cline, a Washington, D.C.-based consultant who recently spoke in Traverse City as part of the International Affairs Forum, thinks the price of crude could go even lower this summer. “I don’t ...

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Oil on wild ride; How will it end?

NEW YORK — The price of oil is on a wild ride, and there is little agreement on where it’s headed. After falling nearly 60 percent from a peak last June, the price of oil has now bounced back 19 percent since late January, closing Monday near $53. Oil has fallen or risen by 3 percent or more on 14 ...

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