Just in case you missed something last week, here is a recap of what articles Bakken.com readers found the most engaging from April 16 to 22. In addition to the recap, we’ve thrown in a bonus article about the Green River shale formation that appears to have resurfaced from the depths of old content. Enjoy!
5. Montana oil and gas lease cancellation challenged in US court
BILLINGS, Mont. (AP) — A Louisiana company challenged the cancellation of an oil and gas lease in northwest Montana on Friday, after federal officials said drilling would disturb an area sacred to the Blackfoot tribes of the U.S. and Canada.
The 6,200-acre lease owned by Solenex LLC of Baton Rouge is in the Badger-Two Medicine area of the Lewis and Clark National Forest. It’s just outside Glacier National Park and the Blackfeet Indian Reservation.
4. Hearing set on proposed $20 million Watford City pipeline
WATFORD CITY, N.D. (AP) — North Dakota regulators are holding a public hearing in Watford City on a proposed oil pipeline in McKenzie County.
The North Dakota Public Service Commission says Sacagawea Pipeline Co. is seeking a permit for a 15-mile-long, 16-inch-diameter crude pipeline and associated facilities.
3. State audit critical of North Dakota’s Land Department
BISMARCK, N.D. (AP) — An audit of North Dakota’s Land Department has found scores of discrepancies with the agency’s practices, including ethical violations that included employees getting free meals and booze from contractors who manage state assets.
The review, conducted by the state auditor’s office, criticized the agency for a “lack of an organizational culture of accountability” and found that “public funds were not used as efficiently and effectively as they could have been.”
2. North Dakota oil output drops 4K barrels daily in February
BISMARCK, N.D. (AP) — North Dakota’s Department of Mineral Resources says the state’s oil production decreased by about 4,000 barrels a day in February.
The agency says the state produced an average of 1.11 million barrels of oil daily in February. The production was about 110,000 barrels per day less than the record set in December 2014.
1. Bakken crude sold as export first time since ban lifted
Hess Corp. confirmed last week that it has sold Bakken crude to a buyer in Europe, the first shipment of North Dakota’s light crude since U.S. Congress lifted the decades-old oil export ban last December.
As reported by Reuters, the shipment consisted of 175,000 barrels of Bakken crude. In early April the crude was loaded at a terminal in St. James, Louisiana before being transported to a European refinery. Hess declined to name the buyer or the transportation vessel.
Bonus – Untapped: The story behind the Green River Shale Formation
The Green River Formation is an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming that contains the world’s largest deposits of oil shale. The United States Geological Survey (USGS) estimates that the Green River Formation contains about 3 trillion barrels of oil—yes I said trillion—with only half of it being recoverable, depending on available technology and economic conditions.