Tag: North Dakota Oil
Whiting to suspend its North Dakota oil well completions
Whiting to cut spending by 80 per cent in North Dakota BISMARCK, N.D. _ North Dakota’s largest oil producer says it will cut all spending by 80 per cent in the state and suspend its well-completion operations in April due to depressed crude prices. Denver-based Whiting Petroleum Corp. said in an earnings report this week […]
North Dakota – As oil slides, many determined to stay put
North Dakota jobless rate less than 3 per cent WILLISTON, N.D. – Kennedy Mugemuzi is done moving. After leaving Congo to live in Nashville for a few years and then coming to North Dakota for the opportunities of the oil boom, he is among the many staying put in Williston, even though depressed crude prices have spurred […]
North Dakota regulators to provide written justification if fines are lowered against oil companies
North Dakota regulators have eased penalties as much as 90 per cent BISMARCK, N.D. _ North Dakota regulators announced Monday that written justification will be provided if fines and other sanctions are lowered against companies that violate the state’s oil and gas laws. It’s a major policy shift that comes amid public criticism for easing […]
EOG Resources increases Delaware Basin potential by 1 billion barrels
Eagle Ford continues to be EOG Resource’s largest high return play EOG Resources, Inc. has reported a third quarter 2015 net loss of $4.1 billion, or $7.47 per share. This compares to third quarter 2014 net income of $1.1 billion, or $2.01 per share. During the third quarter 2015, proved oil and gas properties and related […]
North Dakota energy drillers may leave oil in ground longer, wait for prices to rise
North Dakota energy companies granted an extra year to bring wells online BISMARCK, N.D. _ Depressed oil prices have helped build an inventory of about 950 drilled but uncompleted wells in North Dakota. Companies are supposed to bring the wells online within a year but North Dakota officials last week decided to give drillers an […]
2013 North Dakota oil spill cleanup ongoing; work to be done by 2017
North Dakota oil spill clean up slowed by lack of natural gas to power equipment BISMARCK, N.D. – The cleanup of a massive 2013 oil spill in northwestern North Dakota is being hampered by a lack of natural gas needed to power special equipment that cooks hydrocarbons from crude-soaked soil, a state regulator said. Crews have been working […]
North Dakota drill rig count to drop below 100
North Dakota drill rig count below 100 for the first time in 5 years The North Dakota drill rig count in the state’s western oil patch has slipped below 100 for the first time in five years due to the sagging price of crude. There were 98 rigs drilling in North Dakota on Wednesday. That’s […]
North Dakota considers austerity due to low oil prices
Two-year North Dakota state revenue projections drop from $8.3B to $3B Two years ago, North Dakota was so flush with money from the energy boom that lawmakers spent over $1 million to spruce up the cafe at the state capitol. Now, the fall in oil prices has tightened the revenue tap and the nation’s fastest-growing […]
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