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Tag Archives: north dakota oil

Iowa board begins set of hearings on proposed oil pipeline

BOONE, Iowa — A regulatory board has begun a set of hearings over the proposed construction of an oil pipeline across Iowa. The three-member Iowa Utilities Board met Monday at the Boone County Fairgrounds in Boone for the start of so-called evidentiary hearings over several days. They will include comments from representatives for Dakota Access LLC, the company that wants ...

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Sanford Health says it’s open to discussions with Trinity

MINOT, N.D. — Sanford Health says it would welcome discussions with Minot-based Trinity Health in the wake of Trinity’s failure to cement a partnership with another health system. Sanford didn’t offer specifics, and Trinity is remaining mum on whether it has any interest. Trinity, which operates the only hospital in North Dakota’s fourth-largest city, announced Thursday that negotiations for a ...

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Rallies, protests begin Bakken pipeline hearing

BOONE — Rallies marked the beginning of a highly anticipated Bakken crude oil pipeline permit hearing today before Iowa utilities regulators on a windy, late fall morning at the Boone County Fairground. About 150 union workers, many wearing orange LIUNA (Laborers’ International Union of North America) shirts huddled at the entryway to the fairground. “Our stance is when you build ...

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Oasis Petroleum profit beats thanks to cost cuts

North Dakota oil producer Oasis Petroleum Inc posted a better-than-expected quarterly profit on Tuesday as it successfully slashed costs to offset plunging crude prices. Bucking the industry trend to hunker down, Oasis also boosted its production forecast for the year and locked in hedges for 2017, steps that signal the Houston-based company’s confidence it can weather the low-price storm. For ...

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North Dakota Land Board awards $7.2M in oil-impact grants

BISMARCK, N.D. — North Dakota’s Land Board has awarded $7.2 million in grants to support health units, airports and fire districts 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. The Land Board announced Thursday that it approved 36 grants for city fire ...

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Bakken water supply: Program allowing irrigation water for fracking ends

Infrastructure in western North Dakota is finally catching up with demand, evident in the state engineer’s office discontinuation of a program which allowed farmers to sell irrigation water for use in the oil and gas industry. As reported by the Forum News Service (FNS), in 2011, the engineer’s office created the Industrial Water Use in Lieu of Irrigation Policy in ...

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Oasis Petroleum’s credit line cut by Wall Street banks

Credit lines for Oasis Petroleum have been reduced by about $170 million by Wall Street banks due to the persisting oil price slump. As reported by Reuters, this is the largest reported reduction of an oil producer’s “access to debt markets” this fall, prompted of course by low oil prices. Oasis, operating exclusively in the North Dakota Bakken oil patch, ...

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