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Tag Archives: north dakota oil

U.S. crude pipelines or U.S. railroads

pipelines

As 57,000 miles of U.S. crude pipelines threaten to lure business from railroads, Burlington Northern Santa Fe LLC and Union Pacific Corp. (UNP) are sticking to their bet on the nation’s energy boom. Domestic oil that was significantly cheaper than imported crude for the last two years allowed refiners to pay rail service’s higher transportation costs rather than use slower, less expensive pipelines. With ...

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BNSF to make investment to improve shipping infrastructure

bnsf oil

GRAND FORKS, N.D. (AP) — BNSF Railway Co. is putting billions of dollars into infrastructure improvements and is implementing safety measures that should allow it to keep up with demands of shipping crude from North Dakota, the company’s CEO said Wednesday. BNSF CEO Matt Rose told attendees at the North Dakota Petroleum Council‘s annual meeting that the company will spend ...

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North Dakota airports report busiest August yet

airport

North Dakota airports had strong and even record-breaking August boarding numbers, according to data released by the North Dakota Aeronautics Commission. Minot International Airport had 19,656 passengers in August, just slightly down from 20,743 this past August. Both those are considerable increases over the previous two Augusts – 13,990 in 2011 and 8,798 in 2010. While Minot International Airport’s growth ...

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Regulator in ND oil warns of possible bumps in the road

road

GRAND FORKS – North Dakota is projected to ultimately produce just under 1.6 million barrels of oil per day, but risk factors could threaten that production, the state’s top oil and gas regulator said Tuesday. Department of Mineral Resources Director Lynn Helms told more than 800 people attending the North Dakota Petroleum Council’s annual meeting in Grand Forks that the ...

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Bakken shale weakened against competitor

bakken

Crude from the Bakken shale weakened against West Texas Intermediate with production at a 23-year high and as Marathon Petroleum Corp. (MPC) prepared to start maintenance at its Catlettsburg, Kentucky, refinery. Bakken fell $1 a barrel to a discount of $7.50 against the domestic benchmark at 12:05 p.m. New York time, according to data compiled by Bloomberg. Increased output from shale formations ...

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What is happening with the Keystone XL pipeline?

keystone

What is happening with the Keystone XL pipeline? As Congress convenes hearings on President Obama’s climate change initiatives (Wednesday), marks the fifth anniversary of the Keystone XL pipeline’s non-approval (Thursday), and takes in the president’s deadline for stronger rules on coal plant emissions (Friday), environmental groups are staging an impromptu Climate Week inside the Beltway—and out. As video has become ...

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A deeper look at the July Bakken numbers

magnifying-glass

Oil production in North Dakota exploded higher in July. This is according to new data from the state’s Industrial Commission’s Oil and Gas Division. Overall, production jumped by 55,000 barrels per day to a total just below 875,000. To put those numbers into perspective, total U.S. oil production in July was just 7.5 million, meaning North Dakota now represents almost ...

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Businesses capitalize on the name Bakken

dollar

The “local” branding movement is taking off, from craft breweries to the White House. Global, corporate brands like Starbucks have adopted localization tactics to fit into this consumer niche while actual local brands—like Milwaukee’s Collectivo Coffee—have struggled after breaking what consumers saw as a local commitment. But in North Dakota, a place that is booming economically, local brands are struggling to ...

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