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Tag Archives: north dakota oil

North Dakota awards impact grants to oil patch hospitals

BISMARCK, N.D. — North Dakota’s Land Board has awarded $5 million to hospitals in the state’s oil-producing region. Officials say the grants are part of a program aimed at helping communities deal with the effects of rapid energy development. St. Joseph’s Hospital and Health Center in Dickinson is getting most of the money, at $2.1 million. Six other hospitals are ...

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Report: Inspections key to preventing oil pipeline leaks

BISMARCK, N.D. — A new report says the best way to prevent pipeline leaks is through proper installations, inspections and learning from the past. The report done by the University of North Dakota’s Energy and Environmental Research Center was presented Wednesday to the state Industrial Commission. It’s the first phase of a two-part, $1.5 million report authorized by the Legislature ...

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SEC investigating unusual 2012 stock trading at oil train company

A minnesota oil train company is being investigated by the U.S. securities and exchange commission

Federal authorities have been investigating a price spike in the stock in a Minnesota-based oil train loading company after it went public in 2012, resulting in an windfall for investors who held promissory notes with an unusual payout feature. The investigation by the U.S. Securities and Exchange Commission (SEC) is focused on a $9 million loan by several individuals to ...

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Cheap gas spurs SUV sales and puts U.S. climate goals at risk

A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. REUTERS/Mike Blake

WASHINGTON/DETROIT – Surging demand for trucks and SUVs fueled by cheap gasoline is holding back improvements in U.S. fuel economy and greenhouse gas emissions, a government report due out on Wednesday is expected to show. The disconnect between consumer demand for larger, less efficient vehicles and the Obama administration’s climate goals sets up a clash between the auto industry and ...

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North Dakota regulators mull easing pipeline spill fine

BISMARCK, N.D. — North Dakota regulators are considering easing a record $2.4 million fine levied against a Texas company for a pipeline spill that spewed saltwater and oil for three months before being detected. The North Dakota Industrial Commission, a three-member all-Republican panel led by Gov. Jack Dalrymple, approved the sanction in June against Woodlands, Texas-based Summit Midstream Partners and ...

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North Dakota confirms Lime Rock as buyer of Occidental’s Bakken acreage

The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2015 photo. REUTERS/Ernest Scheyder

Williston, N.D. – North Dakota’s oil regulator on Wednesday identified Lime Rock Resources as the buyer of Occidental Petroleum Corp’s North Dakota oil operations, confirming what Oxy’s executives had yet to disclose publicly. The deal, worth about $600 million, is expected to close by the end of the month. Reuters first reported in October that Oxy had agreed to sell ...

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Energy Pipeline: Support Company Profile — Symmetry Oilfield Solutions

Name of Company: Symmetry Oilfield Solutions Website: www.symmetryoilfield.com Services offered: Symmetry Oilfield Solutions is a small, family owned and local business representing a total solution for transforming contaminated soil and drill cuttings into a commercially viable reclamation and construction material. Whether the need is simply solidification, or complete bioremediation treatment, Symmetry has the solution. GeozorbTM, a proprietary solidification product, is ...

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North Dakota sees further declines in oil production ahead as prices hit seven-year low

North Dakota’s oil price has dropped to a seven-year low, and operators are drilling fewer new wells, portending future declines in production, the state’s Mineral Resources Department reported Wednesday. “We are looking at a lot of belt tightening and we are looking at it to continue through the entire first half of 2016,” Lynn Helms, director of the regulatory agency ...

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