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Bakken’s boom-bust cycle

bakken rigs

Questions about the Bakken’s longevity are not hard to find. Shale oil wells usually decline 10% faster than shale gas wells, making a shale oil driller’s income relatively volatile. There is a great deal of opportunity to be found by riding a boom on the way up and selling on the way down. The Bakken is still in boom mode, ...

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Unreported: Nearly 300 ND oil pipeline spills


ND spills went unreported; state testing website By: James MacPherson, Associated Press, INFORUM BISMARCK – North Dakota, the nation’s No. 2 oil producer behind Texas, recorded nearly 300 oil pipeline spills in less than two years, state documents show. None was reported to the public, officials said. According to records, the pipeline spills – many of them small – are among ...

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Regulator says Tesoro should have been warned

oil spill

Company should have been warned of ND pipeline trouble, regulator says BISMARCK – A federal regulator says preliminary test results showing a problem with the oil pipeline that leaked more than 20,000 barrels of Bakken crude should have been available to the company before the leak was discovered.By: Mike Nowatzki, Forum News Service, INFORUM Reul BISMARCK – A federal regulator says ...

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$60 million from the US Energy Department dedicated to solar energy


WASHINGTON – Building on President Obama’s broad-based plan to cut carbon pollution and support clean energy innovation across the country, Energy Secretary Moniz announced today about $60 million to support innovative solar energy research and development. As part of the Department’s SunShot Initiative, these awards will help lower the cost of solar electricity, advance seamless grid integration and support a ...

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The U.S. Energy Information Administration puts out Drilling Productivity Report


Lynn Westfall and his team at the U.S. Energy Information Administration have been working for the past year on a new way to track oil production in the U.S. Westfall, director of energy markets, spoke with The Bakken magazine regarding the work put into the EIA’s Drilling Productivity Report and why the new report better reflects the country’s oil production. ...

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Questions still remain over ND oil spill

nd oil spill

That was Sept. 29; Jensen contacted authorities immediately. At least 20,600 barrels of oil leaked onto the Jensens’ land from a pipeline owned by Tesoro Logistics, one of the largest land-based spills in recent history. Neither the pipeline company nor the state informed the public of the spill for 11 days. Since then, why there was a delay in disclosure ...

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