One of North Dakota’s largest oil producers, Continental Resources, announced it has a deal in place to sell ~33,500 barrels per day of ND produced sweet crude to China. The deal creates logistics challenges in form of ensuring Continental oil isn’t comingled with other sources before being loaded and shipped, and it’s only possible because
Read & Share sourced from: UPIIn the early months of operation, the Dakota Access pipeline is proving to be a boon for North Dakota’s treasury. Because of lower costs getting oil to market, the price of North Dakota crude has gone up by about $2 per barrel since the line went operational. That equates to about $6 million per month
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The Dakota Access Pipeline has been online since June, and early indicators suggest that it’s reduced the cost of delivering North Dakota oil to market and added revenue to the state’s tax collections. But is it a game changer for the Bakken play? According to this Washington Post article featured in the Grand Forks Herald,
Read & Share sourced from: Grand Forks Herald
Few infrastructure developments are more contentious these days than oil pipeline projects. We’ve had our own battles here in North Dakota, but in Minnesota getting pipelines approved is more difficult yet. But with regards to the Line 3 Pipeline from NE North Dakota to Superior Wisconsin, Enbridge is pushing back against regulatory slowplaying with facts
Read & Share sourced from: Grand Forks Herald
If there’s anything we’ve learned from this year’s hurricane’s, it’s a lesson on the vulnerability of our power grid. How do we make ourselves more resilient? Perhaps a look north will provide the answer as Alaska’s isolated communities develop blueprints for sustainable, locally generated power infrastructure. It’s a relevant topic for North Dakota because as
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What does a hundred-year-old law that forces goods transported between American ports to use American-made ships have to do with traffic and L.A. and possibly our economy in North Dakota? Erik Olson asks the question (about the Traffic in L.A. part) and provides the analysis of the trickle down regulatory effect and the unintended consequences. This
Read & Share sourced from: Quartz
Scott Pruitt, the EPA’s top administrator, will be visiting North Dakota next week, and the Waters of the U.S. rule making is expected to be a hot topic of conversation. Between agricultural and energy industries and our cultural disposition toward property rights, environmental regulations and rules have big impacts on North Dakota, and it sounds
Read & Share sourced from: Williston Herald
A Creighton University economic indicator survey suggests the Midwest economy may be turning a corner. The Bismarck Tribune has the story.
Read & Share sourced from: Bismarck Tribune
There’s little doubt those operating in the Bakken have gotten more efficient in the past few years. The low prices have forced operators to get costs under control and the end result is an oil play that’s more economically resilient. But what about the wells, are we getting better at getting more oil out of
Read & Share sourced from: Oil and Gas 360
A common argument heard in North Dakota is the need to maintain coal-fired power plants because of their ability to provide the basic baseline power needs of the electrical grid. That we would attach ourselves to arguments that defend an industry important to our state is not surprising; I would say it’s a natural reaction.
Read & Share sourced from: Quartz
Heard a good story lately? It’s kind of a trick question, because if you did, you may not even know it. Storytelling is a time-honored art form, but we’re just now discovering the relevance it has to what we think, who we trust, and how we act. And our ability to spin a yarn may
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One of the considerable by-products of oil production in North Dakota is the extremely salty wastewater we get back along with the oil. It’s not a new problem. And though modern practices inject wastewater deep underground, there are still a number of legacy era brine pits that continue to leach salt water contamination into nearby
Read & Share sourced from: Inside Energy
The City of Seattle is on a pathway toward attempting to solve their low-income housing and public transit challenges by implementing an income tax on individuals earning more than $250,000 per year and couples earning more than $500,000. It’s not the first policy initiative Seattle has undertaken to attempt to make the City more livable
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The number of rigs active in North Dakota is holding steady the past few months and production is still above a million barrels per day, but there’s a worker shortage in the fracking industry that’s delaying completion of many already-drilled wells. There’s also some transition taking place in the amount of oil moved by rail
Read & Share sourced from: Bismarck Tribune
We’re used to seeing the U.S. rig count and the increases or decreases in North Dakota, but it’s easy to forget that the northern prairie oil play extends into Canada as well. That gives us a second indicator of optimism in the industry and compared to last year, the Canadians are optimistic about oil futures.
Read & Share sourced from: Estevan Mercury
Necessity is the mother of invention, and we’ve experienced that first hand here in the North Dakota oil patch. The necessity was to survive an OPEC supply assault intended to force shale operators out of the market with lower prices. The invention was better, more efficient ways to drill. And as the term of the
Read & Share sourced from: Reuters