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Tribes, North Dakota fail to reach deal on oil tax agreement

BISMARCK, N.D. — Tribal officials on North Dakota’s oil-rich Fort Berthold Reservation said Thursday they won’t sign off on a revenue sharing agreement with the state because of a new law that shaves the overall oil tax rate following the fall in crude prices. The Legislature in April passed the measure, which also abolishes some price-based incentives. Three Affiliated Tribes ...

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Williston might crack down on adult entertainment clubs

The Whispers strip club in Williston, North Dakota. (Image: Zach Koppang / Energy Media Group)

WILLISTON, N.D. — City commissioners in Williston are considering cracking down on adult entertainment venues. The Williston Herald reports that a public hearing is scheduled Jan. 12 on measures that might restrict the location of clubs with live adult entertainment and their ability to serve alcohol. Williston has two clubs on Main Street that have offered exotic dancing. They’re among the ...

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U.S. oil ‘strippers’ maneuver to keep pumping amid crude slump

HOUSTON – U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market. The conventional wisdom is that “strippers” would be the first to fold in the face of oil’s slide below $40 given ...

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US rig count down 2 this week to 698

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 698. The Houston firm said Thursday 536 rigs sought oil and 162 explored for natural gas amid depressed energy prices. A year ago, 1,811 rigs were active. Among major oil- and gas-producing ...

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New Bakken refinery could bring jobs to Dickinson area

With the proposed Bakken refinery, Belfield, North Dakota might soon be the site of the second new refinery built in the United States since 1976.

The area west of Dickinson might soon get another diesel refinery, reports the Dickinson Press. California-based Meridian Energy Group Inc. says its focus on the development of what it’s dubbed the “Davis Refinery” is a reflection of its commitment to operating in the Bakken oil patch “with a commitment to the future and an eye to the big picture.” If ...

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Sanders’ grassroots campaign talks energy, Bakken pipeline in Iowa

2016 U.S. Presidential candidate Bernie Sanders speaking at a town meeting. (Image: Gage Skidmore via Flickr)

In a crowded Ericson Library in Boone, Bernie Sanders’ grassroots campaign met with the public to show its support of the Democratic presidential candidate, and rally support against the Bakken pipeline. U.S. Representative Keith Ellison, D-Minn., said Sanders is the right person to help them keep their land and bring more assistance in the future. “We’re picking the Iowa farmer,” ...

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Oil prices edge down as slowing demand adds to high output

SINGAPORE – Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-record global production levels, which have already slashed prices by two-thirds since the middle of last year. Front-month U.S. West Texas Intermediate (WTI) futures CLc1 were trading at $36.75 per barrel at 0105 GMT, down 6 cents from Monday’s close. The ...

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