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Tag Archives: news

Energy comeback led by Bakken Shale

bakken rigs

By Travis Hoium | More Articles October 24, 2013 | U.S. stock markets are climbing today on the back of reasonably good economic data. Markit’s reading of manufacturing confidence, known as a manufacturing purchasing managers’ index, fell to 51.5 in October from 52.8 in September, but the reading above 50 still indicates economic growth. Jobless claims also fell 12,000 to ...

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How crude oil prices dropped drastically in four months

West Texas Intermediate (or WTI) crude (priced at Cushing, Oklahoma) is the benchmark crude for US oil. So movements in WTI oil prices are a major driver in the valuation of domestic oil producers. Higher oil prices also incentivize producers to spend more money on drilling, which results in increased revenues for oilfield service companies (companies that provide services such ...

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How natural gas prices bounced back

gas flame

Revenues for upstream energy names are based on oil and gas production volumes and prices Upstream energy companies (also referred to as “exploration and production” or “E&P” companies), such as Chesapeake Energy (CHK), produce hydrocarbons like crude oil, natural gas liquids, and natural gas. So the revenues for E&Ps are a direct function of how much oil and gas they ...

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Minot Public Schools “beefen” security measures

mps

Even though a sought-after federal grant fell through, the City of Minot and Minot Public Schools continue to pursue a partnership to provide two police officers to serve as resource officers in the schools. The Minot City Council’s Finance and Improvements Committee agreed Tuesday to recommend the council use the $13,000 included in the 2014 city budget as match for ...

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Dalrymple states new pipeline will reduce natural gas flaring

gas flaring

ND governor says new pipeline should help reduce flaring By: Mike Nowatzki, Forum News Service, INFORUM BISMARCK – A natural gas pipeline recently built in western North Dakota is a “significant” piece in the effort to reduce flaring in the state, Gov. Jack Dalrymple said Tuesday as he and Alliance Pipeline officials announced the project’s completion. The 80-mile-long Tioga Lateral Pipeline ...

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Dickinson clinic to open doors four months early

sanford

Sanford moves up Dickinson clinic opening by four months By: Forum News Service, INFORUM DICKINSON, N.D. – Construction of the Sanford Health Dickinson Clinic is moving along so well that its tentative opening date has been moved up by four months. The 85,000-square-foot clinic will open in February rather than next summer, officials announced during a hard-hat tour of the facility ...

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Enbridge pipeline draws opposition

enbridge

Opponents organizing to fight $2.5 billion Enbridge pipeline across northern Minnesota By: Dan Kraker, MPR News 90.3 FM, INFORUM WRENSHALL, Minn. – Canadian pipeline builder Enbridge will file applications this week to build a $2.5 billion oil pipeline across northern Minnesota. Opponents, though, are already organizing for a fight. The 610-mile “Sandpiper” line would carry more than 200,000 barrels per day ...

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10 years sees pipeline incident rate double in Canada

pipeline

Mon Oct 28, 2013 7:57pm EDT Oct 28 (Reuters) – The rate of safety-related incidents on federally regulated pipelines in Canada doubled over the lastdecade, while the rate of reported spills and leaks was up threefold, according to an investigative report by Canada’s national broadcaster. The total number of incidents, which included everything from spills to fires, swelled from 45 ...

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