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Tag Archives: news

Q2 2013 results posted by Continental Resources

Continental Resources

Continental Resources, Inc. (NYSE: CLR) (“Continental” or the “Company”) announced second quarter 2013 operating and financial results, reporting net income of $323 million, or $1.75 per diluted share.  Adjusted net income, which excludes items typically excluded from published analyst estimates, totaled $246 million, or $1.33 per diluted share.  The Company achieved record EBITDAX of $708 million, an increase of $87 ...

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North Dakota housing issues still on the rise

nd housing

BISMARCK, N.D. – The groups that build, fund and manage housing in North Dakota all face different challenges, but most agree on one thing: There is not enough affordable housing in the state. “There’s still plenty of work to do,” said Max Wetz, director of public affairs for the North Dakota Housing Finance Agency. The agency funds low- and middle-income ...

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Bakken news round-up: Kenmare facelit, Oil rig workers offer gesture, Three Forks discovery

bakken round up

Kenmare to get downtown facelift The Kenmare City council has an $800,000 plan to improve accessibility in its downtown area, including new sidewalks, curb and gutter, lights along the street and in the park in the downtown square. After hearing options from city engineer Ryan Ackerman of Ackerman-Estvold Engineering in Minot, city council members decided on a hybrid project, including ...

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Oil Shipments receive Safety Inspections via “Operation Classification”

WASHINGTON (AP) — Federal inspection teams have been conducting spot safety checks of rail shipments of crude oil from the booming Bakken oil region in Great Plains states in response to last month’s rail disaster in Canada, U.S. officials said Thursday. The official name of the inspections is “Operation Classification,” although Cynthia Quarterman, head of the Pipeline and Hazardous Materials ...

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Natural Gas Waste, the Next Turn to Big Profit in ND

Natural Gas

By Lew Amicone NORTH DAKOTA’S NEXT ENERGY BOOM: NATURAL GAS As the economic situation hits hard times nationwide, several states cannot stay up to date with infrastructure, as tax profits remain stagnant. In the case of North Dakota, the state is experiencing a facilities shortage as a result of rapid industrial growth in the Bakken and not because of a ...

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Enbridge Energy to install 600 mile pipeline to transport Bakken Oil

Enbridge Energy is finalizing plans to build a 600-mile pipeline to transport North Dakota crude oil to Superior, Wis., and soon will begin contacting Minnesota property owners along two proposed paths across the state. Although two proposed pathways across 11 northern counties are under review for the $2.5 billion Sandpiper Pipeline, an Enbridge official said Thursday that the company is ...

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Alliance wants a second look

killdeer

KILLDEER, ND An alliance working to protect the environment and history of the Killdeer Mountains wants the North Dakota Industrial Commission to reconsider how oil is being tapped in the area. The Killdeer Mountain Alliance has asked members of the commission Gov. Jack Dalrymple, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem to include the Killdeer Mountains on a ...

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