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Tag Archives: bakken

Regulator says ND oil spill may have been caused by corrosion

oil spill

NEW YORK – Initial investigations following a 20,600-barrel leak on Tesoro Logistics LP pipeline in North Dakota point to corrosion on the 20-year-old pipeline, state regulators said on Friday. The six-inch pipeline was carrying crude oil from the Bakken shale play to the Stampede rail facility outside Columbus, North Dakota when a farmer discovered oil spouting from the pipeline on ...

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12 indicted in Bakken drug bust


BILLINGS – It appears oil isn’t the only thing fueling the Bakken boom. A federal indictment unsealed Wednesday details the operation of what Montana U.S. Attorney Michael Cotter alleges is a major drug ring. The government says it involved a network of couriers across Montana to distribute pure methamphetamine in the Bakken oil fields of eastern Montana and North Dakota. Federal ...

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Bakken crude high speed rail facility saves Philadelphia Energy Solutions


For Philip Rinaldi, CEO of Philadelphia Energy Solutions, a petroleum refining company, the Bakken has been a business saver. One year ago, Rinaldi spoke to a crowd during the launching of PES after a rebranding effort and joint venture agreement between Sunoco Inc. and the Carlyle Group had formed to save the struggling refinery owned under a different name by ...

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Images of Bakken win at International Photography Awards


Given his penchant for industrial settings, the Bakken oil patch served as an interesting subject – its gas flares and the endless nodding of its oil wells. Yet Alan McQuillan, a London-born photographer, did not think such industrial sprawl would earn him first place in a coveted international photography competition. Nevertheless, the Missoula resident and retired University of Montana forestry ...

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Canadian delegation comes down for Bakken info


WILLISTON, N.D. — A Canadian delegation visited the Bakken region last week to help prepare for oil development in Northwest Territories.By: Jerry Burnes, Forum News Service A Canadian delegation visited the Bakken region last week to help prepare for oil development in the Northwest Territories. David Ramsay, minister of industry, tourism and investment and minister of transportation for the government of ...

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Oil numbers in the U.S. cash crude market


NEW YORK, Oct (KOSDAQ: 039200.KQ – news) 7 (Reuters) – West Texas Intermediate crude for delivery at Midland, Texas and Bakken crude at Clearbrook, Minnesota were the only grades traded in the U.S. cash crude market on Monday while traders attended an industry event in Houston, Texas. Midland sweet (WTM-) traded at $1.30 a barrel under the benchmark front-month crude oil contract, unchanged from levels recorded ...

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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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