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Tag Archives: north dakota

Canadian Pacific Railway eliminates grain car backlog

MINOT, N.D. — Canadian Pacific Railway says it has reduced a backlog of grain car orders, but BNSF Railway says it still has some late deliveries. Grain elevators in North Dakota for months have struggled to get the rail cars they need to move harvested crops to market, due to delays caused by increased shipments of oil and other products. ...

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ONEOK reports increased profits, decreased spending

Oklahoma-based energy company ONEOK Partners reports that its fourth quarter net income was up year-on-year, but the weak global market climate has caused a cut in planned spending, according to United Press International. During the last half of 2014, the company had planned to add natural gas infrastructure to its operations in North Dakota’s Bakken formation. Currently, the majority of ...

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Senate rejects Bakken flaring bill

Last Thursday North Dakota senators shot down a measure that aimed to further restrict and reduce flaring activity, according to a report by the Forum News Service. Senate Bill 2287 failed with 35 votes against and 11 in favor. The bill would have cut the amount of time a well is allowed to flare from one year to 90 days. ...

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Looking to gain crude, sand markets, CP expanding rail in Houston County

LA CRESCENT, Minn. — When construction equipment appeared next to the Canadian Pacific railroad tracks at Miller’s Crossing in January, sand mining opponents pounced. Two citizen groups, Citizens Acting for Rail Safety and the Houston County Protectors issued a news release claiming the railroad was constructing a siding that would lay the groundwork for an industrial loading facility and pave ...

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Expected drop in state oil tax money could affect NAWS

MINOT, N.D. — An expected reduction in state oil tax revenues due to a global drop in oil prices could mean less money for the Northwest Area Water Supply project. Gov. Jack Dalrymple’s budget included $18 million for NAWS, but the Legislature is considering $10 million. However, there still should be enough money to go ahead with a proposed $20 ...

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Crude oil flowing into Cushing, Oklahoma, worth billions

CUSHING, Okla. — An Oklahoma town known as the “Pipeline Crossroads of the World” is again the focus of the global energy industry. The Oklahoman reports that Cushing is home to the nation’s largest oil storage facility, a complex capable of holding more than 80 million barrels of crude oil. As oil prices have plummeted over the last several months, the ...

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Rig drop slows

Permian Basin oil companies released six rigs in the past week, raising the possibility that the rate of cutback is slowing after the tremendous reductions of the previous weeks. The region had 362 rigs running on Friday, per the latest count from Baker Hughes. That is 204 fewer rigs than Nov. 26, the day before the Organization of Petroleum Exporting ...

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North Dakota Legislature: What to watch this week

north dakota state gov

BISMARCK, N.D. — North Dakota’s Legislature is in its last week before its midseason break, and lawmakers are finishing up committee work and considering remaining bills in their respective chambers. Oil taxes and how that revenue should be spent will be the biggest issues debated this week as the session heads toward crossover. A Democratic house member is also pushing ...

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US rig count decreases 48 to 1,310

frack

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 48 this week to 1,310 amid depressed oil prices. The Houston firm said Friday in its weekly report 1,019 rigs were exploring for oil and 289 for gas. Two were listed as miscellaneous. A year ago ...

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Talking the Bakken

Last week at the MonDak Energy Alliance meeting, members of the oil and gas industry presented the current state of the industry and particularly the Bakken, reports The Williston Herald. The event was hosted at the Grand Williston Hotel and one of the four speakers, Stephen McNally, Hess Corp’s general manager of North Dakota operations, commented on the ingenuity of ...

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