The U.S. Dept. of Transportation issued new rules regulating the transportation of flammable liquids by rail. The notable regulations: a timeline for replacing outdated tanker cars with newer cars, a new braking standard for certain trains, and new operational guidelines including speed limits in some cases. The news release from the DOT is included below,
Read & Share
While it seems like the oil slowdown may actually be a good thing in some ways — everyone gets a chance to catch their breath, there’s no doubt everyone would prefer prices just a little higher than they are. And that’s what market forecasters are betting money on.
Read & Share sourced from: Reuters
Three significant energy infrastructure projects were approved by the Pubic Service Commission. The total investment for a transmission line and two upgrades at power generating plants in the oil patch amounts to more than $445 million. Details from the Dickinson Press.
Read & Share sourced from: Dickinson Press
An official announcement will be made Friday that Canada and the U.S. have found common ground in how to manage the additional crude oil that is being shipped by rail.
Read & Share sourced from: Reuters
Senate Bill 2008 was approved by a wide margin. It allocates more than $500k for two state funded railroad safety inspectors through 2019. These inspectors would be in addition to several federal inspectors already providing oversight in the state.
Read & Share sourced from: Bismarck TribuneSubscribe to Today in Minot!
It's the free, easy way to stay informed about what's happening in Minot, and it helps support independent local news and journalism.
The final report from federal investigators into the 2013 Casselton/BNSF train derailment has been released. Get the details on the report from AP writer Josh Funk as published on Bakken.com.
Read & Share sourced from: Bakken.com
There’s a new song on the wind in Western North Dakota, and more and more investors are seeing opportunity beyond the short-term boom. This is a great article from the Williston Herald about the change in thinking that’s starting to shape how Williston develops.
Read & Share sourced from: Williston Herald
One of the differences with North Dakota’s oil growth now versus the boom in the 1980s — experience. There are enough people around who remember the fall that they’ve positioned their investments conservatively and were prepared for a downturn. Here’s one such story from Dickinson.
Read & Share sourced from: Dickinson Press
In Dickinson, there’s no doubt the dropping rig count has had an impact on jobs in the community, but there are still jobs to be had. Get the full story in this well-written piece by Dustin Monke covering the oil slowdown and its impact on Dickinson.
Read & Share sourced from: Dickinson Press
The State of North Dakota has been admitted into a legal action against the Bureau of Land Management over new rules regulating fracking on federal lands. Details from KMOT News.
Read & Share sourced from: KMOT News
The House approved Senate version of an amended oil tax bill that will do away with oil price tax triggers. The volatility of oil prices combined with the low-price trigger created a lot of uncertainty in forecasting revenues for North Dakota. Full story from Amy Dalrymple.
Read & Share sourced from: Grand Forks HeraldSubscribe to Today in Minot!
It's the free, easy way to stay informed about what's happening in Minot, and it helps support independent local news and journalism.
What happens when things get tight for the private sector? Sometimes we see layoffs and cutbacks in investment, but another byproduct of tougher times is innovation. Luke Geiver of Bakken magazine has the commentary on new well completion technology being advanced.
Read & Share sourced from: Bakken Magazine
The Shawshank Redemption has become one of the most watched movies of all time. And though it is probably most famous for the line, “get busy living, or get busy dying”, but wrapped up in the rest of the story are some valuable economic lessons. Check it out in the video below.
Read & Share
The fire took place last week near Watford City while a statewide burn ban was in effect. Minimal property damage was done; full story on the fire from the McKenzie County Farmer.
Read & Share sourced from: McKenzie County Farmer
XTO Energy was granted a flaring exception on 89 of 143 requested wells by the Sate Industrial Commission. Oil producers are required to capture 77% of natural gas produced during drilling and recovery; XTO sought an exception because of difficulty getting easements for a gathering pipeline.
Read & Share sourced from: Bismarck Tribune
— Official News Release, Governor Dalrymple — Gov. Jack Dalrymple today signed into law House Bill 1358, legislation that will strengthen the state’s regulatory oversight of gathering pipelines for produced water and crude oil. The bill includes enhancements for the prevention and detection of pipeline leaks and expands the state’s remediation and restoration program for
Read & Share