North Dakota Archives - Page 2 of 5

More energy is used per person for transportation in states with low population density

August 31, 2020

EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,

North Dakota crude oil production fell in May beyond natural declines

August 20, 2020

EIA Between December 2019 and May 2020, crude oil output in North Dakota fell from an average of 1.5 million barrels per day (b/d) to 0.9 million b/d, a decline of more than 615,000 b/d (41.6%). This production decline is greater than it would have been if producers solely halted new drilling and allowed production from current wells to naturally

Court orders Dakota crude pipeline shutdown, in win for Native American tribes in long-running saga

July 6, 2020

CNBC A district court ruled Monday the Dakota Access Pipeline must shut down within 30 days, by August 5, according to a copy of the brief obtained by USA Today. The U.S. District Court for the District of Columbia scrapped a key permit from the Army Corps of Engineers, and ordered the pipeline to end its three-year run of delivering

President and CEO of Panhandle Oil and Gas Resigns

August 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,

Crestwood Bolsters its Midstream Assets in the Bakken

August 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day

Anvil Capital Partners Provides Funding for Two Companies

August 12, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vermilion Cliffs Partners gets $11 million senior secured loan facility On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior secured loan facility to Vermilion Cliffs Partners. According to Anvil, the funds will be utilized by Vermilion to support the

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

August 12, 2019

From Reuters U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday. The largest change is expected in the Permian Basin of Texas and New Mexico, where output is seen

Caliber Midstream Makes North Dakota Acquisition

August 6, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Caliber Midstream acquires North Dakota assets from American Midstream Partners Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota from American Midstream Partners L.P. The acquired assets include a FERC-regulated system comprised of 47 miles worth of pipeline and

New President Joins Meridian Energy

June 20, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul Coppola to serve as president and chief investment strategy officer Meridian Energy Group, Inc., a company specializing in the development of environmentally-conscious crude oil refineries, has added a new member to its senior management team in Houston. Paul Coppola, who served on Meridian’s board of directors and a senior financial

KKR and Western Natural Resources Team Up in the Williston

May 21, 2019

By Tyler Losier Partnership seeks to acquire assets Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s Energy Real Assets strategy, which has grown to make up around $4 billion of its investment portfolio since the program’s

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

May 16, 2019

CEOs rank Texas at the top, California at the bottom Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again. In the executive summary of its findings, the magazine quoted a consultant as saying: ” ‘the Chief Executive ranking … reflects what decision-makers are saying. And it’s what

North Dakota to Sue Washington State Over Oil Standard for Rail Shipments

May 10, 2019

From the Associated Press/O.Canada.com BISMARCK, N.D. — North Dakota is preparing to sue Washington state over a new Washington law requiring oil shipped by rail through that state to have more of its volatile gases removed, which supporters say would reduce the risk of explosive and potentially deadly derailments. North Dakota officials say the law will make Pacific Northwest refineries

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