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Tag Archives: bakken

Trump election shows promise for oil and gas industry

harold hamm endorses donald trump

The U.S. oil and gas industry shows tentative hope that a new Trump administration will “re-ignite growth in the sector,” according to a Forbes article Friday. Frank Murphy, managing director of RW Baird, said: The 45th president will likely remove regulatory impediments imposed by the Obama administration that have stymied oil and gas drilling and infrastructure buildout. Forbes reported Murphy ...

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Veterans Day 2016 – a short look back

soldier, kids, veterans day

There’s no school. The post office shuts down. Even the federal reserve takes a holiday on November 11th. Why? It’s a “holiday” to honor all service men and women: Veterans Day.   Many forget why the holiday exists. There are few WWI veterans who are still with us. The war that introduced trench warfare and was considered one of the ...

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Top 5 stories of the week July 23 – 30

Marcellus Top 5

It’s warm. It’s humid. The northern plains and the Midwest have had their fair share of storms the past couple of weeks. But it hasn’t stopped the energy news from rolling in. While it’s been fairly quite on the home front, politicians and policy makers have made headlines. With Donald Trump and Hillary Clinton wrestling to see who comes out ...

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Top Stories of the Week July 3-9

top stories

Over the past year, Energy Media Group has put together a top 5 stories specific our separate shale plays websites, which include Bakken.com, EagleFordTexas.com, Marcellus.com, PermianShale.com, Haynesville.com, and NiobraraChalk.com. Going forward, our Top Stories of the Week will be an all-inclusive posting of the stories that our readers across all areas found most engaging, including international headlines to those affecting ...

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North Dakota housing fund threatened with drilling downturn

North Dakota, housing, drilling downturn

BISMARCK, N.D. (AP) — A state income tax credit that helped subsidize construction of thousands of living spaces largely in western North Dakota’s oil patch has outlived lived its usefulness with the downturn in drilling and a prolonged slump in crude prices, the chairmen of the Senate and House taxation committees say. “Without a doubt, we need to re-evaluate this,” ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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Eagle Ford, Bakken production continues to drop

Eagle Ford, Bakken production continues to drop

Two of the nation’s most-prolific shale plays continue to see production numbers drop slightly. The Eagle Ford Shale and Bakken formation produced less oil in January than in December, according to analytics and consulting group Platts Bentek. In fact, oil production from both Eagle Ford and Bakken formations reached their lowest levels since Platts Bentek started tracking them in October ...

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Crude oil train numbers declined last year

Crude oil train numbers declined last year

OMAHA, Neb. — Freight railroads delivered 17 percent fewer carloads of crude oil last year after oil prices collapsed. The Association of American Railroads said Wednesday 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014. But the number of crude oil carloads remains well above the 9,500 carloads railroads hauled ...

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Fund suspended for communities affected by oil development

Due to the oil price and drilling decline, North Dakota communities impacted by oil and gas development will not be receiving financial assistance from the state. (Image: A.G. McQuillan via Flickr)

BISMARCK, N.D. (AP) — A program aimed at helping North Dakota communities deal with the effects of energy development has been suspended due to slumping oil activity. North Dakota’s Board of University and School Lands also voted Thursday to put on hold millions of dollars of projects that have received grants but work hasn’t started. Trust Lands Commissioner Lance Gaebe (GAY’-bee) says ...

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Keane Group triples fracking capacity

Keane Group triples fracking capacity

Keane Group, a Texas well completion services company, tripled its hydraulic fracturing capacity by agreeing to a $247 million deal with Canada-based Trican Well Service on Tuesday. The Houston-based company acquired the majority of Trican Well Service’s assets in the United States. Keane Group purchased the assets with $200 million in cash plus a minority interest stake in Keane Group. ...

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