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Bakken shale oil producers are under pressure to scale back their 2015 drilling plans after Bakken oil fell below $80/bbl for the first time in nearly a year, as worldwide crude prices decline amid ample North American supplies and Persian Gulf producers signaling they’re prepared to keep output high to protect their market shares in Asia. The “body language” among producers is that capex next …

Bakken shale-oil producers are under pressure from tumbling prices to scale back their 2015 drilling plans in a region that accounts for one of every eight U.S. barrels of crude.

Trains carrying oil from North Dakota pass through American towns daily — and sometimes they derail and explode. The oil industry is now under pressure to make the oil less volatile before shipping.

Written by John Egan for Industrial Info Resources — Stiff political opposition to a proposed crude-oil rail transshipping facility at the Port of Vancouver, Washington, could delay or kill an important …

Canadian company has been seeking to alleviate backlog of oil shipments and expand reach to eastern refineries

It bills itself as a “boomtown” on the sign driving into the city, and it’s at the epicenter of the U.S. energy revolution. In the city of Williston, North Dakota, the unemployment rate is 0.8% percent, compared to 5.9% nationally, according to the Bureau of Labor Statistics. And average income in this area, Williams County, was $78,390 a year in 2013 and more than $101,190 for those working in …

Written by John Egan for Industrial Info Resources — New estimates for North Dakota’s Bakken and Three Forms suggest the formations contain between 413 billion and 643 billion barrels of original oil …

Any sale of Occidental Petroleum Corp’s roughly 330,000 acres in North Dakota’s oil-rich Bakken shale formation would make strategic sense for the company, which is likely eager to strike a deal, two analysts said on Tuesday. Oxy is looking to sell its Bakken holdings, which are largely undeveloped, for as much as $3 billion, according to a report from Bloomberg News. Oxy is spending about $510 …

Fitch Ratings has published its ‘Bakken Shale Report’. The report provides an analysis of themes in the Bakken Shale, including crude market dynamics and the potential for new pipe

Super Nova Petroleum Corp., reports that it has received information from the management of Augusta Exploration LLC that the preparation to drill Augusta – Krone Bakken Formation well is complete. The …

In North Dakota, technology has unlocked the oil and gas of the U.S. shale revolution, but it’s not without growing pains. In the Bakken region near Williston, North Dakota, we found farmers who can’t get their product to market while more than one quarter of the natural gas being produced is going, not to gas plants, but to waste. Also, oil shipped out to refineries on trains has been involved …

NEW YORK (AP) Bakken cruised to a three-length victory Thursday in the $80,000 allowance feature at Belmont Park.