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Hess finalizes billion dollar Bakken midstream deal

Hess Corp (NYSE: HES) has announced the completion of its previously announced $2.675 billion sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners. The deal between the two companies created a premier midstream joint venture dubbed Hess Infrastructure Partners. The business venture, though, incurred $600 million of debt which, through a five-year term loan ...

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Williston takes jurisdiction over $500 million development

WILLISTON, N.D. — A Swiss company planning a $500 million development on Williston’s outskirts will need permission from the city, whose mayor isn’t happy about the chosen site. The city has exercised its 1-mile extraterritorial jurisdiction, which will include the site that international real estate company Stropiq has chosen for its Williston Crossing project, the Williston Herald reported. That means ...

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Finding childcare a challenge in North Dakota oil patch

WILLISTON, N.D. — Finding a job in the Williston area can be easy, but finding quality childcare when it’s time to go to work is proving to be a challenge for many parents. Many licensed childcare centers are full, and expensive. Working mothers, in particular, often find that they are barely earning enough to cover the cost of childcare. Staffing ...

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North Dakota housing growth rate tops in the nation

BISMARCK, N.D. — North Dakota built new housing at a faster clip than any other state from 2010 through last summer, as people flooded the state in search of work in the booming oil patch. The U.S. Census Bureau’s latest annual estimate shows North Dakota’s housing growth rate far outpaced any other state’s in the year leading up to last ...

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2015: Will the Bakken hit 1.2 million barrels per day?

Oil prices have tumbled from their peaks, and some roughnecks have been sent packing, but the current lull in North Dakota’s oil patch is hardly the harbinger of doom that many suspected it to be. Jonathan Garrett, a principal analyst with Wood Mackenzie, a global energy research and consultancy group, asserts that the slowed activity is no indication of future ...

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Second Enable Midstream pipeline system now online

The first phase of Enable Midstream Partners’ Nesson crude and produced water gathering system in now online, reports The Bakken Magazine. Construction of the Nesson system, which will provide service for XTO Energy Inc. wells in Williams and Mountrail counties, began in July 2014. According to the company, the pipeline has been feeding into the downstream delivery system since May ...

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Continental reports increased Bakken production

Continental Resources Inc. has announced that its production in the Bakken region has increased by four percent with 66 net completed operated and non-operated wells in the Middle Bakken and Three Forks formations during the first quarter of 2015. During this time, the company operated an average of 13 rigs in the region, down from the 19 operating at the ...

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ND approves two Bakken pipeline projects

Two pipeline projects have been approved by the North Dakota Public Service Commission after the company involved assured that leak detection will be enhanced. Following a large saltwater spill, Meadowlark Midstream told state officials that the company would improve leak detection in its transport systems. State commissioners granted approval to a 46-mile crude oil pipeline in Divide and Burke counties ...

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