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Oil regulator: Feds public lands rule provides ‘certainty’

BISMARCK, N.D. — North Dakota’s top oil regulator says the recently issued federal rule on hydraulic fracturing is bringing “some certainty” to the oil industry. Department of Mineral Resources Director Lynn Helms says the “long-awaited rule” provides certainty during an unstable time for the industry but also raises “concerns of necessity and duplicity.” The Obama administration is requiring companies that ...

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Bakken production, flaring drop in January

Oil production in North Dakota declined by approximately 37,000 barrels per day in January and the number of wells awaiting completion continues to grow, reports the Bismarck Tribune. Regulators are attributing these figures to low oil prices. The North Dakota Department of Natural Resources released the preliminary production figures for January earlier this week. January production was reported to be ...

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North Dakota rigs take a big hit from oil’s steep fall

The number of oil-drilling rigs in North Dakota has fallen to the lowest level in six years, triggering an estimated 3,000-4,000 oil field job losses that could get worse, a top state official said Thursday. “It is becoming painful out there in the oil patch,” Lynn Helms, director of the North Dakota Department of Mineral Resources, said on a monthly ...

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Punishing the good guys won’t fix flaring problem

The North Dakota Industrial Commission – the triumvirate of statewide elected officials which oversees, among other things, oil and gas development in the state – has set goals for reducing flaring, or the burning off of excess natural gas produced during oil development. Companies which don’t hit those goals can be hit with a fine of up to $12,500 per ...

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Hess Corp. forgiven for not meeting ND flaring goals

BISMARCK, N.D. — North Dakota regulators have forgiven Hess Corp. for failing to meet state-set natural gas flaring goals. Hess shut down a compressor station for 10 days late last year due to equipment issues, and company officials said that caused an increase in the amount of natural gas that was burned off and wasted. KXMB-TV reports the Industrial Commission ...

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Bakken oil drillers retreat to the core: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON – North Dakota’s oil producers have pulled back to the core areas of the Bakken formation to cut costs and maximize output amid the slump in prices. The number of active rigs in the state has fallen to just 121, from 190 a year ago, according ...

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Daily Bakken production over 1.2 million barrels

Last Friday, director of the North Dakota Department of Mineral Resources Lynn Helms expressed his confidence in oil price recovery and avoiding the large tax trigger. According a report by The Bismarck Tribune, the Department of Mineral Resources released state’s preliminary oil and gas production figures for the month of December. The numbers indicate that 1.23 million barrels of oil ...

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ND daily oil production sets record, but rig count dropping

BISMARCK, N.D. — The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday. The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. ...

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Excerpts from recent North Dakota editorials

Helms’ job description should be clear The Bismarck Tribune, Bismarck, Feb. 12, 2015 There’s an effort in the Legislature to take away part of the duties of Lynn Helms, director of the Department of Mineral Resources. To a degree it appears to be a battle over semantics. Sen. Connie Triplett, D-Grand Forks, is the primary sponsor of SB2366 that seeks ...

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