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3 Attractive Bakken Plays

oil and money in the bakken

Bret Jensen July 24, 2013 As West Texas Intermediate oil prices continue their upward march to $110 a barrel, its seems appropriate to look at some energy plays that should continue to benefit from higher oil prices as well as increasing production levels. Today let’s focus on some fast growing E & P concerns in the Bakken shale region which ...

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1 Company Upping Its Bet on the Bakken

As the old saying goes, “you need to spend money to make money.” Bakken-focused Kodiak Oil & Gas (NYSE: KOG  ) is taking that saying to heart by making a very big bet on the Bakken this year. In fact, when you consider that the company’s entire enterprise value isn’t much more than $4 billion, what I’m about to tell you will seem ...

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Obama disputes job projections for Keystone XL pipeline

Keystone Pipeline

WASHINGTON, July 27 (Reuters) – U.S. President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday. “Republicans have said that this would be a big jobs generator,” Obama said, according to the newspaper. “There is no evidence that that’s true. ...

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Faces of the Boom: Blessed in the Bakken

The Bakken Boom

SIDNEY, Mont. – Patty Kneeland feels so blessed to be an oilfield wife, she wears a reminder around her neck. Kneeland and her husband, Bruce, moved to the Bakken region of eastern Montana two years ago after they closed a bar and restaurant they operated in the opposite side of the state for 10 years. The seasonal business in the ...

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Minnesota approves pipeline change over protests

Enbridge Energy Pipeline

ST. PAUL, Minn. — A Minnesota state commission provided a key approval Wednesday to a northern Minnesota oil pipeline expansion as chants of “shame on you” rang out in the downtown St. Paul meeting room. “We are the people you represent,” one of more than 100 protesters shouted as all five Public Utilities Commission members approved increasing the pipeline’s capacity ...

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Western States Lead In Job Creation

Western States Lead Job Growth

By Eric Morath Looking for a job? Head west. Of the 10 states with the fastest employment growth over the past year, nine are west of the Mississippi. Payrolls in Idaho grew 3% in June compared to a year earlier, the strongest gain of any state, the Labor Department said Thursday. Following the “famous potatoes” state are Texas, Colorado and ...

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ND ethane will flow north

Ethane Pipeline

Approval of the U.S.-Canadian Vantage pipeline, which connects a gas plant near Tioga with petrochemical industries in the Canadian province of Alberta, heralds good news on multiple fronts. Like the much-delayed Keystone XL pipeline, the Vantage crosses the U.S.-Canadian border and, therefore, needed U.S. State Department approval. If Vantage got approval, and it did after just three years, it gives ...

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CN Railway profit rises as crude oil shipments increase

Canadian National Rail Trains

Mon Jul 22, 2013 6:52pm EDT By Scott Haggett and Solarina Ho July 22 (Reuters) – Canadian National Railway, Canada’s largest railroad, said on Monday it expects the boom in crude-by-rail shipments to continue, despite the Lac-Megantic tragedy earlier this month and as narrowing spreads between benchmark world oil prices raise questions about the economics of rail transport. The company ...

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