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Weekly Crude Oil Market Update – Bakken.com

Inventories keep on growing The crude oil market has stayed under pressure this week as inventory data had yet another build over what traders were expecting, this week we saw a grow in inventory by 5.2 million barrels, the trade expected around 3.4 million barrels. This marks about 16 weeks of growing inventory in the crude market and pushing us ...

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North Dakota attracts young people

Young people

North Dakota: Young and getting younger FARGO — Fresh out of college, Rebecca Marohn and Jessica Herd moved from their college towns to North Dakota this summer with new jobs at Microsoft in mind and some lingering doubts about living in Fargo.By: Kyle Potter, Forum News Service FARGO – Fresh out of college, Rebecca Marohn and Jessica Herd moved from their ...

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North Dakota Opportunity Fund helps local business

local

If not for the loan help they received, finances would have been tight while Steven Nardello got his pizza parlor running and it would have taken Ray Bergquist longer to raise the money to open his men’s clothing store. Approaching one year of operation, the $9.7 million North Dakota Opportunity Fund revolving loan program has helped 21 businesses in 38 ...

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Brent slips towards $111

brent

SINGAPORE, Oct 14 (Reuters) – Brent futures edged lower towards $111 per barrel on Monday after an unexpected decline in China’s exports, with a looming deadline to get an increase in the U.S. debt ceiling adding to worries about the outlook for oil demand. Weekend talks to avert a U.S. debt default showed signs of progress on Sunday, but there ...

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Eastern Fracking: Is New York the Next Pennsylvania?

ny pa

The effects of natgas production on job creation are the subject of nearly constant analysis. The industry group America’s Natural Gas Alliance, which supports fracking, predicts that fracking-related activity will surge by 60 percent by 2035, and will help to create more than 1.6 million new jobs. Most recently, an IHS study said fracking currently supports more than 1.7 million ...

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American Eagle Energy closes acquisition in Williston Basin

American Eagle Energy

DENVER, CO–(Marketwired – October 07, 2013) –  American Eagle Energy Corporation (AMZG) (the “Company” or “American Eagle”) announced today that it has closed on the first part of the previously announced acquisition in its Spyglass Project area in the Williston Basin in northwestern Divide County, North Dakota. For a gross purchase price of $47 million, or $45 million in cash ...

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