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Tag Archives: oil patch

Letter from North Dakota: The Oil Party Rocks On

economy

WILLISTON, N.D., Nov 13- Falling oil prices have spooked Wall Street and even parts of Texas. But in North Dakota’s booming oil patch, the crude-fueled party carries on. Since June, the price of crude oil has fallen 30 percent to about $75 a barrel, raising fears that oil production would slow across the United States. But you wouldn’t know it ...

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Oil patch receives more than $12M for community services

nd oil

BISMARCK, N.D.  –  More than $12 million in grants was awarded to fire districts and for emergency services Wednesday to address growing pressure on first responders in the oil patch. The five-member North Dakota Board of University and School Lands unanimously approved the money from the Oil and Gas Impact Grant Fund for fire and EMS operations. State Land Commissioner ...

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Bakken’s boom-bust cycle

bakken rigs

Questions about the Bakken’s longevity are not hard to find. Shale oil wells usually decline 10% faster than shale gas wells, making a shale oil driller’s income relatively volatile. There is a great deal of opportunity to be found by riding a boom on the way up and selling on the way down. The Bakken is still in boom mode, ...

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Dakota Resource Council to host oil spill expert this weekend

DRC

Oil spill expert to headline Dakota Resource Council meeting Saturday By: Katherine Lymn, Forum News Service, INFORUM DICKINSON, N.D. – Wilma Subra uses information to empower communities negatively affected by oil and gas development. Some people don’t like that. Subra’s office has been broken into many and her building was even shot at once.But this hasn’t deterred her, and Subra will bring her ...

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Regulator says Tesoro should have been warned

oil spill

Company should have been warned of ND pipeline trouble, regulator says BISMARCK – A federal regulator says preliminary test results showing a problem with the oil pipeline that leaked more than 20,000 barrels of Bakken crude should have been available to the company before the leak was discovered.By: Mike Nowatzki, Forum News Service, INFORUM Reul BISMARCK – A federal regulator says ...

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A varied look at the oil patch

oil

By: John Bestoloffe When did the boom begin? About seven years ago. Geologists have known about the Bakken shale foundation, one of the largest oil and natural gas deposits in the world, since the early 1950s. But oil production in the state was slow to develop because it was too difficult and costly to get at the deposits, which are ...

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ND pipeline restart unsure

nd oil spill

NEW YORK – Tesoro Logistics LP does not have a specific date for the restart of the North Dakota pipeline that spilled 20,600 barrels of Bakken oil onto farmland in late September, the company said on Monday. The six-inch pipeline was carrying crude oil from the Bakken shale to a rail facility outside Columbus, North Dakota, when it ruptured, leaking ...

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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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