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Tag Archives: north dakota bakken

SEC investigating unusual 2012 stock trading at oil train company

A minnesota oil train company is being investigated by the U.S. securities and exchange commission

Federal authorities have been investigating a price spike in the stock in a Minnesota-based oil train loading company after it went public in 2012, resulting in an windfall for investors who held promissory notes with an unusual payout feature. The investigation by the U.S. Securities and Exchange Commission (SEC) is focused on a $9 million loan by several individuals to ...

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Minnesota Supreme Court backs Sandpiper pipeline opponents

The Minnesota Supreme Court has given a victory to opponents of the proposed Sandpiper oil pipeline

ST. PAUL, Minn. — The Minnesota Supreme Court has given a victory to opponents of the proposed Sandpiper oil pipeline, declining to review a Court of Appeals decision requiring an environmental impact statement for the project. In an order Tuesday, the high court without comment denied petitions by the Minnesota Public Utilities Commission and an Enbridge Energy subsidiary to hear ...

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Synergy Resources names new CEO

Longtime oil and gas leader Lynn Peterson has been tapped to lead Platteville-based Synergy Resources Corp. He will take the place of co-CEOs Ed Holloway and William Scaff, who will remain with the company on the board of directors, according to a new release issued Monday. Peterson, who is the co-founder of the former Kodiak Oil and Gas Corp. which ...

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Top 5 Bakken stories of the week

In case you missed them, here are the top five headlines from Bakken.com for the week of November 15th through the 21st. Enjoy! 5. North Dakota oil well backlog eclipses 1,000 for first time The number of oil wells in North Dakota that have been drilled but not fracked eclipsed 1,000 for the first time in September, as producers delayed ...

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North Dakota tax collections down for third month in a row

BISMARCK, N.D. — Depressed crude prices and a drop in oil drilling have decreased North Dakota’s expected tax collections for the third consecutive month. That’s spurring North Dakota budget writers to consider updating the state’s revenue forecast that was given to the Legislature in March. Data from the state Office of Management and Budget show tax revenues in October fell ...

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Iowa board begins set of hearings on proposed oil pipeline

BOONE, Iowa — A regulatory board has begun a set of hearings over the proposed construction of an oil pipeline across Iowa. The three-member Iowa Utilities Board met Monday at the Boone County Fairgrounds in Boone for the start of so-called evidentiary hearings over several days. They will include comments from representatives for Dakota Access LLC, the company that wants ...

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Top 5 Bakken stories of the week

Just in case you missed them, here are the top headlines from Bakken.com for the week of November 8th through the 14th. Have a great weekend! 5. Obama’s Keystone XL decision irks North Dakota US lawmakers BISMARCK, N.D. — Members of North Dakota’s congressional delegation say President Barack Obama’s rejection of the Keystone XL pipeline is disappointing. Obama says he’s ...

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North Dakota oil well backlog eclipses 1,000 for first time

The number of oil wells in North Dakota that have been drilled but not fracked eclipsed 1,000 for the first time in September, as producers delayed turning them on in hopes crude prices will soon recover. The milestone, which was widely expected around the second-largest oil producing state, highlights the immense cost pressure companies have come under in the past ...

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