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Tag Archives: bakken region

US officials revive oil train safety order after complaints

BILLINGS, Mont. — U.S. transportation officials are extending an order for railroads to notify states about shipments of hazardous crude oil shipments. Emergency responders had raised worries over a new rule that did away with the requirement. Trains hauling crude from the Bakken region of North Dakota and Montana have been involved in multiple fiery derailments in recent years, including ...

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LWC data reflects oil, gas industry job losses

The Louisiana Workforce Commission (LWC) has released the state’s latest employment data, representing March’s workforce numbers, and the information reflects the job-loss trend in the oil and gas industry. Louisiana’s seasonally-adjusted job counts for the mining and logging sector—where the oil and gas industry falls—decreased by 600, or 1.2 percent, from February to March this year. Over the last year, ...

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Overheard at DUG Bakken-Niobrara conference in Denver

Every year, Hart Energy puts on the DUG Bakken-Niobrara conference in downtown Denver, where industry officials talk about economics, production and innovation in the Bakken region in North Dakota and the Niobrara region in the Denver-Julesburg Basin. The conference, held March 31-April 2 at the Colorado Convention Center, focused this year on companies finding ways to continue innovation and operation ...

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Wolf hires specialist to assess risk of oil train accident

HARRISBURG, Pa. — Gov. Tom Wolf has hired a specialist in railroad engineering and safety to help limit the risk of a potential oil train derailment on Pennsylvania’s rail freight system. Wolf’s administration said Tuesday that the hiring of Allan Zarembski of the University of Delaware is for three months at $38,000. Wolf says Pennsylvania sees some of the nation’s ...

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Speculators divided over U.S. oil prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Despite the surge in U.S. oil prices, hedge funds are still divided about what will happen next, according to the latest data from the Commodity Futures Trading Commission (CFTC). Hedge funds and other money managers held long positions in WTI-linked futures and options equivalent to ...

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ND calls for expanded infrastructure and safety in the Bakken

North Dakota Sen. John Hoeven recently expressed the need for funding to study the safety of oil and gas pipelines as a means to help secure the infrastructure needed to support the United States’ energy independence, according to United Press International (UPI). In a statement, Sen. Hoeven said, “As we work towards building a comprehensive ‘all-of-the-above’ energy plan for our ...

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ND mulling project to recycle oil drilling waste for roads

BISMARCK, N.D. — North Dakota lawmakers are looking at a project to treat and recycle the drilling waste for road building and other uses. The measure would set aside about $65,000 for the state Health Department to monitor a project and develop standards. Companies targeting the rich Bakken shale formation in western North Dakota get more than crude oil when ...

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Oil shipments to resume in pipeline that broke under river

BILLINGS, Mont. — A Wyoming company is preparing to resume oil shipments through a pipeline that broke and spewed 30,000 gallons of crude into Montana’s Yellowstone River, even as most of the spilled oil remains unrecovered. Cleanup is on hold near the small city of Glendive, where the water supply for 6,000 residents was temporarily contaminated. Efforts to remove oil ...

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Oil and gas tax holiday under fire in Montana Senate committee

HELENA, Mont. — State senators are contemplating repealing Montana’s oil and gas tax holiday under a recurring Democratic proposal. Sen. Christine Kaufmann introduced Senate Bill 374 in the Senate Taxation Committee Tuesday. Kaufmann’s proposal would tax production on the first 12 months of vertical wells and the first 18 months of horizontal wells at 9 percent if the price of ...

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