September 12, 2014

Another Record for North Dakota: 1.1 Million Barrels of Crude per Day

September 12, 2014

Flaring decreases to 26% The State of North Dakota has chalked up another record. July production numbers are in—the state produced 1,110,642 barrels of oil per day in July. The numbers broke down as follows: Bakken/Three Forks Shale: 1,047,034 BOPD (94%), conventional oil: 63,608 BOPD (6%). Seventy percent of July production was from 7,862 unconventional Bakken/Three forks wells, and 30%

U.S. Energy: EU’s Alternative to Russia?

September 12, 2014

The European Union (EU) and United States levied more sanctions on Russia today in an effort to hamper the country’s already struggling economy. The latest sanctions primarily target Russia’s oil industry and military equipment. Supermajors participating in projects with Russia’s oil giants like Transeft, Rosneft and Gazprom are barred from investing in any large scale projects. Its gas industry, however,

Another Record for North Dakota: 1.1 Million Barrels of Crude per Day

U.S. Energy: EU’s Alternative to Russia?

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