Oil and gas extracted from tight shale formations such as the Bakken produces greenhouse gas emissions similar to conventional oil fields, according to two studies released by the United States Department of Energy’s Argonne National Laboratory. As reported by The Bakken Magazine, early estimates predicted that shale production might generate up to 20 percent more greenhouse gas emissions than oil ...

Just in case you missed them, here are the top headlines from Bakken.com for the week of November 1st through the 7th. Have a great weekend! 5. Iraqis tour North Dakota to study gas-capturing technologies BISMARCK, N.D. — The Iraqi government has turned to North Dakota for help in finding solutions to the wasteful burning of natural gas that’s a ...

Grand Forks, North Dakota, November 5, 2015 — Northrop Grumman, one of the nation’s leading defense contractors, has broken ground on its new facility designed by ICON Architectural Group, located at the Grand Sky Unmanned Aerial Systems (UAS) Business and Aviation Park in Grand Forks, North Dakota. The $10 million, 36,000 square foot facility sits on 10 acres of land, ...

“Don’t buy a barrel of oil, it’ll kill you,” a gas broker told Bloomberg Business reporter Tracy Alloway over wine in downtown New York. It was a portentous moment in Alloway’s long-held plan of trying to buy a single barrel of actual crude oil, which she recounts in her article titled “That Time I Tried to Buy an Actual Barrel ...

One of the highways serving as a main artery for traffic through North Dakota’s oil patch might soon expand to four lanes, along with a possible bridge replacement, reports The Bismarck Tribune. The North Dakota Department of Transportation said it plans to complete improvements on the southern stretch of Highway 85 from Watford City to Interstate 94, a 62-mile stretch ...

MDU Resources Group Inc. has announced the sale of a property dedicated to oil exploration along with four other sale agreements, according to The Bismarck Tribune. In its third-quarter earnings report, MDU Resources reported the sales from the five agreements and projected tax benefits are expected to have raised $450 million. The proceeds will be applied to outstanding debts. As ...

BNSF Railway has determined that the cause of two July train derailments in eastern Montana were the result of tracks that buckled in the summer heat, reports the Forum News Service (FNS). One of the incidents, which occurred on July 16, caused 22 oil tankers to derail 5 miles east of Culbertson, releasing 35,000 gallons of Bakken crude. The derailment ...

On Wednesday, presidential hopeful Bernie Sanders announced his support for a new bill that would ban all new fossil fuel development on United States’ federal lands while cancelling the current leases which aren’t producing, reports Mother Jones. The bill, titled the “Keep It In The Ground Act,” would also prohibit offshore oil and gas drilling in both the Arctic and ...

Compared to the high tech tools found in other industries, software promising to quickly and easily help oil and gas professionals perform economic evaluations has lagged. For years, the industry lacked a modern and simple evaluation tool that was easy to use, affordable and powerful…until now. Drillnomics introduces a broad spectrum of the industry—including mineral buyers, investors, engineers, geologists and ...

Projections for U.S. national gas storage inventory grew less than expected this week, but Market Realist says that industry isn’t suffering too much. In its weekly natural gas update, the U.S. Energy Information Administration indicated that natural gas storage inventories increased by 63 billion cubic feet, falling short of the 69 billion cubic feet mark that was originally predicted. As ...