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Liberty Resources II LLC Announces Acquisition of Bakken Assets, Marking Return to Williston Basin

Liberty Resources II

DENVER and LONDON, Jan. 30, 2014 /PRNewswire/ Liberty Resources II LLC (“Liberty II” or the “Company”), a Denver-based oil and gas company, today announced that it has entered into an agreement to acquire oil and gas assets in North Dakota’s Williston Basin for $455 million.  The properties to be acquired comprise approximately 53,000 net acres in Williams, Divide, Burke and ...

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Further Debate Needed for ‘Extraordinary Places’ Policy

lake sakakawea

By: Mike Nowatzki, Forum News Service BISMARCK – Industrial Commission members delayed action Wednesday on a policy that would create a more formal process for public comment on proposed oil and gas drilling near “extraordinary places” in western North Dakota, saying they want to allow for additional public input. “I don’t think it’s finished,” Gov. Jack Dalrymple, the commission’s chairman, said. ...

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Watford City man hired gunman, investigators say

criminal

By Mike Nowatzki  BISMARCK — A Watford City man linked to a suspected murder-for-hire scheme in Washington state was ordered held without bail Tuesday after the judge heard that he threatened several people and told authorities his arrest put others in danger because of his connections to organized crime in California. Records from the homicide investigation also include an interview with ...

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Both sides question ‘extraordinary places’ proposal

Dalrymple

By Nick Smith A proposal that would designate state landmarks for special protection goes before the state Industrial Commission today with questions raised by conservation groups and the oil industry. The conservation groups believe some of its language could water down the process, while officials with the Department of Mineral Resources believe it provides flexibility. The Industrial Commission meeting begins at ...

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Flaring task force recommends capture plans before drilling, further look at right of ways

Gas Flare

By Katherine Lymn  BISMARCK — Requiring gas capture plans before drilling instead of a year into it, easing right-of-ways for pipelines and incentivising infrastructure buildout are keys to capturing an end goal of 95 percent of natural gas, a flaring task force told the North Dakota Industrial Commission Wednesday. The North Dakota Petroleum Council task force was formed to tackle the ...

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Oil trains to keep rumbling through North America’s cities

railroad crude

TORONTO, Jan 29 (Reuters) – Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes. Re-routing the crude-by-rail trains that support booming North American oil production would be hugely difficult given the location of major rail ...

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Fracking: America’s new ‘F’ word

fracking

By JESSICA SENA  Since the release of the films “Gasland” and “Promised Land,” the 60-year-old petroleum extraction process of hydraulic fracturing, better known as “fracking,” has been lighting up the media like the flaming faucets used to scare energy consumers. Fracking is a post-drilling injection process that uses pressurized water, sand and publicly disclosed chemicals to emulsify oil from minimally ...

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Bakken CEOs featured at petroleum conference

lee tillman

BISMARCK – Lee Tillman, president and CEO of Marathon Oil Corp., will deliver the keynote address at the 22nd annual Williston Basin Petroleum Conference. Tillman will address the conference theme “Bakken Strong: Economy, Technology, Opportunity” with other Bakken producer CEOs, Harold Hamm of Continental Resources, Tommy Nusz of Oasis Petroleum and Jim Volker of Whiting Petroleum. The CEOs are among ...

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