Bakken Oil News

Rig Counts Drop But Production Continues

Rig Counts Drop But Production Continues

February 26, 2015 | Bloomberg News | [Editor’s note: Even though rig counts are drastically down, crude oil production is still over 9 million barrels per day. Oil continues to be shipped by rail.]| The crash in oil prices has taken its toll. The number of active oil-drilling rigs in the U.S. is plunging toward […]

By February 26, 2016 0 Comments Read More →
IEA: Oil glut could still grow in second half of 2016

IEA: Oil glut could still grow in second half of 2016

February 9 ,2016 | Fuelfix.com | HOUSTON — Market optimism underpinning oil prices this month is probably wrong, the International Energy Agency said Tuesday, as its view of the global oversupply of crude worsened. Even if OPEC kept oil production flat, worldwide crude inventories could climb by 2 million barrels a day in the first […]

By February 9, 2016 0 Comments Read More →

The great condensate con: Is the oil glut just about oil?

January 17, 2015 | Resource Insights | My favorite Texas oilman Jeffrey Brown is at it again. In a recent email he’s pointing out to everyone who will listen that the supposed oversupply of crude oil isn’t quite what it seems. Yes, there is a large overhang of excess oil in the market. But how […]

By January 18, 2016 0 Comments Read More →
Oil trains sidelined by deepening slump in US shale

Oil trains sidelined by deepening slump in US shale

January 11, 2015 | Financial Times |High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/ff7d4f20-b64d-11e5-8358-9a82b43f6b2f.html#ixzz3xAIU5tjz The amount of oil hauled on US railways has declined […]

By January 13, 2016 0 Comments Read More →

First responders, fire departments in U.S. often unprepared for hazardous train derailments

December 28, 2015 | PJ Star | Ohio officials say they have no specific plans to handle derailments of trains carrying Bakken crude oil. First responders in small, remote towns sometimes aren’t equipped to handle toxic spills and explosions. And big city fire departments aren’t always trained to handle the most dangerous chemicals. [Read the […]

By December 28, 2015 0 Comments Read More →
Difficulty Complying with North Dakota’s Liberal 13.7 Vapor Pressure Standard

Difficulty Complying with North Dakota’s Liberal 13.7 Vapor Pressure Standard

December 28, 2015 | Inforum| BISMARCK – An alternative method for reducing the volatility of Bakken crude will be tested next year as state regulators report a “significant increase” in noncompliance with oil conditioning this winter.  The North Dakota Industrial Commission gave approval this month for Hellervik Oilfield Technologies of Bismarck to test a prototype […]

By December 28, 2015 0 Comments Read More →
OPEC revises U.S. shale durability upward

OPEC revises U.S. shale durability upward

December 28, 2015 | UPI | VIENNA, Dec. 23 (UPI) — Oil production from inland shale basins in the United States is expected to be more robust than previously thought, OPEC said in its global outlook. The Organization of Petroleum Exporting Countries released its much-watched World Oil Outlook report for 2015, outlining its expectations for […]

By December 28, 2015 0 Comments Read More →

The Irony of Ending the U.S. Oil Export Ban Is Imports May Rise

December 17, 2015 | Bloomberg News| The lifting of the U.S. ban on oil exports might actually make imports more appealing. By allowing American oil to compete globally, the price for U.S. benchmark West Texas Intermediate crude is inching closer to the international marker Brent, which has traded at a premium for most of the […]

By December 17, 2015 0 Comments Read More →
What Just Happened in Solar Is a Bigger Deal Than Oil Exports

What Just Happened in Solar Is a Bigger Deal Than Oil Exports

December 17, 2015 | Bloomberg News| The clean-energy boom is about to be transformed. In a surprise move, U.S. lawmakers agreed to extend tax credits for solar and wind for another five years. This will give an unprecedented boost to the industry and change the course of deployment in the U.S. The extension will add an extra 20 gigawatts of […]

By December 17, 2015 0 Comments Read More →

U.S. on verge of lifting oil export ban

December 16, 2015 | Bakken Breakout | WASHINGTON – A provision to lift the U.S. ban on oil exports is included in a government spending bill, giving North Dakota’s congressional delegation hope the 40-year-old ban could be lifted later this year. “We are two votes and a signature away from getting this done,” Sen. Heidi […]

By December 17, 2015 0 Comments Read More →