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Tag Archives: north dakota oil

North Dakota oil producers, regulators spar over new rules

FARGO, N.D.  – North Dakota’s oil producers and their federal regulators spared at an industry conference on Tuesday over a raft of new rules with broad implications for energy development, the latest escalation in a war of words that has both parties aiming to sway public opinion. The public spat at the North Dakota Petroleum Council’s annual meeting comes as ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of September 12th through the 18th. Enjoy! 5. North Dakota may let more oil wells be temporarily idled WILLISTON, N.D. – North Dakota’s oil regulators said on Monday they may allow more wells to be temporarily abandoned, a step that would permit producers to delay fracking beyond the typical ...

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North Dakota may let more oil wells be temporarily idled

WILLISTON, N.D. – North Dakota’s oil regulators said on Monday they may allow more wells to be temporarily abandoned, a step that would permit producers to delay fracking beyond the typical one-year window and prevent even more crude from flooding onto global markets. The change would fuel massive savings for oil producers in the state who have amassed a backlog ...

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Breaking even in the Bakken: Dunn County boasts lowest cost

Of the core counties in the Bakken, Dunn County boasts the lowest break-even costs for oil production, reports the Forum News Service (FNS). According to figures from the North Dakota Department of Mineral Resources, producers operating in Dunn County are able to begin collecting revenue after the $24 per barrel mark. In comparison, to the northwest in McKenzie County, the ...

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Again? Continental Resources cuts budget, Bakken rig count

Continental Resources, North Dakota’s second largest oil producer, announced that it will be cutting its budget for 2015 yet again amidst the persisting slump in oil prices. However, the company does anticipate continued production growth. As reported by Reuters, last year Continental CEO Harold Hamm cancelled all of the company’s oil hedges. He called Saudi Arabia, the de facto leader ...

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Top 5 Bakken stories of the week

In case you missed them, here are the top five stories from Bakken.com for the week of August 29th through September 4th. Enjoy! 5. Nearly half of hotel rooms in North Dakota oil capital sit empty WILLISTON, N.D. – Nearly half of the hotel rooms in the epicenter of North Dakota’s energy boom have been sitting empty this year, yet ...

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Nearly half of hotel rooms in North Dakota oil capital sit empty

WILLISTON, N.D. – Nearly half of the hotel rooms in the epicenter of North Dakota’s energy boom have been sitting empty this year, yet another sign that plunging oil prices have cooled the economy of the second-largest crude producing U.S. state. Producers, oilfield service providers and other energy companies across the state’s western oil patch have cut employee hours, canceled ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of August 22nd through the 28th. Enjoy! 5. Ex-well operator in North Dakota indicted in dumping case The former operator of a saltwater well in southwest North Dakota linked to an illegal wastewater dumping case pleaded not guilty to multiple felony charges Monday in federal court in Bismarck. A ...

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ND regulator: Industry unlikely to meet flaring target

BISMARCK, N.D. — North Dakota’s oil industry likely won’t meet a Jan. 1 target set by new self-imposed rules that require reducing the amount of natural gas burned off as a byproduct of oil production, the state’s top energy regulator said Wednesday. Problems with federal permits, land access permission for planned pipelines, stalled processing plants and increased natural gas production ...

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Economic growth tied to more than just price of oil

Last year at this time my office received dozens of phone calls and emails asking about ‘Boomtown’ and what’s really going on in Williston, North Dakota. Now we get calls asking about ‘the bust’ and what’s it like in Williston. After I slowly put down the phone and back away from the keyboard, I take a breath and just smile. ...

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