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Category Archive: Petroleum

  1. Regulatory, Conservation Efforts to Step Up in Oil Patch

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    State regulators and state and federal conservation officials spoke to energy industry representatives at the North Dakota Petroleum Council annual meeting this week and cited the need for increased communication efforts between all affected parties in the state’s oil patch. The speakers said that regulators and conservation practitioners need to be more proactive in the oil patch. The Health Department’s Environmental Health Section Chief Dave Glatt said companies who routinely violate regulations will be targeted for on-the-ground inspection. Read more in Prairie Business Magazine.

  2. First Tribal Exploration & Production Company Up and Running

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    The first Indian Reservation oil and gas exploration and production company – Missouri River Resources – is set to drill their first four wells. The company’s production and exploration efforts are being led by Three Affiliated Tribes member David Williams, who has twenty years of experience in the oil industry and also teaches classes at Fort Berthold Community College. Company officials say that access to resources and capital have been challenges in getting the company off the ground. Read more in the Bakken Magazine.

  3. “Surge” Fund Proposed by Western Legislators

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    A group of western North Dakota state legislators is proposing to tap the state’s Strategic Investment & Improvement Fund to establish a new $800 million “Surge” fund to help oil patch political subdivisions, cities and schools. The legislators pointed to the ongoing and urgent needs in oil patch communities. Legislative leaders are also expected to release a plan to adjust the oil tax distribution formula to so that additional revenue flows to local oil patch entities. Read more in the Dickinson Press.

  4. Study Shows ND Could Produce 2 Million Barrels Per Day by 2019

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    The state legislature’s interim Energy Development & Transmission Committee received a final report on a legislatively-commissioned study of the future of the oil and gas industry this week. The study was conducted by engineering firm KLJ and shows potential for North Dakota to produce 2 million barrels of oil per day by 2019. Study authors say addressing housing and public infrastructure needs in the oil patch will be critical to ensure increased production levels. Read more in the Dickinson Press.

  5. Statoil Expands Natural Gas Project

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    Norwegian energy company Statoil is planning to expand a natural gas capture project in the state, aiming to have all six of the company’s drilling rigs powered by captured natural gas that has been compressed and cleaned. Statoil is partnering with General Electric and Ferus Natural Gas Fuels on the project. Statoil is hoping that the project expansion will reduce company flaring by 3-5 percent. Read more in the Bismarck Tribune.

  6. American Petroleum Institute Releases Survey on Oil & Gas Economic Impact

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    The American Petroleum Institute (API) released results of a business survey conducted by PriceWaterhouseCoopers to determine the economic impact of the oil and gas industry. Survey results showed that oil and gas accounts 12.3 percent of North Dakota’s economy and directly provides 12 percent of jobs in the state. Total jobs supported by the oil and gas industry are projected to grow to more than 114,000 in the state by 2020. Read more in The Bakken Magazine.

  7. Oil Patch Still Facing Affordable Housing Woes

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    The Dakota Center for Affordable Housing hosted a forum this week highlighting issues surrounding affordable housing in North Dakota.  A national study conducted earlier this year showed that Williston had the highest apartment rental rates in the country. Conference speakers said that they expect problems related to affordable housing to get worse before they get better, especially in the oil patch.  State figures show that more than 15,000 additional housing units will be needed in North Dakota next year, with more than 12,000 of those located in the oil patch.  Read more in Prairie Business Magazine.  

  8. Proposed Pipeline Comes Under Fire

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    A 1,100 mile pipeline project proposed by Texas-based Energy Transfer Partners LP is already drawing criticism in Iowa.  Company spokespeople say they intend to file a siting application with the North Dakota Public Service Commission later this year.  The pipeline would originate in North Dakota and travel through South Dakota and Iowa before reaching its final destination in Illinois.  The North Dakota Pipeline Authority projects pipeline capacity of more than 1.5 million barrels per day in 2016, if all proposed projects are completed.  Read more in the St. Paul Pioneer Press.   

  9. Oil Tax Revenue Projected to Rise

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    The state Office of Management and Budget has released new legislative forecasts for revenue generated from oil production.OMB Director Pam Sharp says that this is the first of three forecasts for the 2015-17 biennium and the initial forecast shows an increase of oil tax revenue of $2.2 billion, bringing the total oil tax contribution up to a projected $9.8 billion. Oil tax revenue for the 2013-15 biennium was adjusted upward to $7.48 billion, an increase of $2.2 billion. The new forecasts are based on a crude oil price of $90 per barrel. Read more in The Forum.

  10. Ag Impacted as More Oil Travels by Rail

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    North Dakota’s two largest rail shippers – BNSF and Canadian Pacific – each have a backlog of more than 1,000 ordered cars, according to recently-released federal agency reports. And, US Department of Agriculture officials are concerned that Canadian Pacific will not be able meet the farmer and industry requested 30,000 rail cars prior to October. A recently completed NDSU study shows that farmers could lose more than $160 million as a result of rail congestion. North Dakota produces one million barrels of oil per day and approximately 60 percent is transported by rail. Read more in the New York Times.