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Tag Archives: oil development

Interview – Iran invites foreign firms to develop its oil, gas industry

Iran under the loupe.

Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursday. “We welcome all oil companies, including the Americans, that meet Islamic Republic’s requirements to invest in Iran. We welcome competition among foreign ...

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Propane exports are on the rise

natural gas

Since 2011, exports of propane from the U.S. have been on the rise at a record setting pace. According to the U.S. Energy Information Administration (EIA), in April 2015, exports averaged 636,000 barrels per day, which surpassed levels from April 2014. As reported by the EIA, “U.S. propane production and exports were 190,000 b/d and 201,000 b/d higher, respectively, in ...

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ND lawmakers may halt pork spending amid slipping oil prices

BISMARCK, N.D. — Before North Dakota’s treasury was overflowing with oil revenues, state lawmakers in the ultra-conservative state were notoriously stingy in spending taxpayer money. “In the 1980s, 1990s and 2000s, it was tight and we were tightfisted — we had to be,” Republican Senate Majority Leader Rich Wardner said. “We just said, “We don’t have the money and we’re ...

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Landowners Association discusses oil impact

cows and land

The Northwest Landowners Association met on Saturday to discuss oil development on their property. The group consists primarily of farmers, ranchers and other landowners from McKenzie, Williams and Mountrail County. The group is concerned about the oil industry’s effect on the soil quality on their property specifically, the growing number of pipelines being constructed in the state. The Forum News Service ...

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Slow down the oil boom slow down the revenues

pump jack

By: Rob Port, Bakken.com contributor “North Dakota Considers Slowing Down Oil Boom” That headline, or variations on it, were all over the media last week after the North Dakota Industrial Commission held a hearing on the issue of flaring, or the burn off of excess natural gas produced during the oil extraction process. But the pace of oil development in ...

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North Dakota’s Three Affiliated Tribes Warn Of Oil’s Environmental Impact


By JOSH WOOD, Associated Press NEW TOWN, N.D. (AP) — Leaders of North Dakota’s Mandan, Hidatsa and Arikara nations say that while they are thankful for the money that oil has brought the once-impoverished Fort Berthold Indian Reservation, they are concerned about the environmental impact of drilling on their land. The Three Affiliated Tribes opened their third annual oil and ...

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Keystone delay hits ND Dems

keystone xl

Rob Port | Bakken.com contributor Last week came news of yet another delay in the Obama administration’s interminable regulatory dithering on the Keystone XL pipeline project. This latest punt will, conveniently, take the decision date for the pipeline beyond the 2014 midterm elections. Republicans were quick to point to the news as yet more evidence of President Obama abusing his ...

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Forum editorial: Concerns about oil bipartisan

Oil well

The North Dakota Republican Party playbook has a new page this campaign season. Republicans are trying to make a case that North Dakota Democrats want to divide the state (a “wedge” issue) by criticizing the majority party’s policies regarding the Bakken oil boom. The Republican boilerplate, as reflected in nearly every comment coming from GOP legislators, candidates for state office ...

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