Category Archives: Industry News

Booming LNG faces big swings in supply-demand balance

Global liquefied natural gas market is set to see sharp shifts between excess supply and excess demand during the 2019 to 2023 period. Effect on prices may hinge on weather patterns Recent years have seen rapid growth in the global market for LNG, with volumes of exports and imports up…

Highlighting the industry

The Williston Basin Petroleum Conference returns to Saskatchewan for 2019 The Williston Basin Petroleum Conference kicks off its 27thyear from May 27-30, 2019, and event organizers have completely reimagined its purpose and intent.  In a period of profound challenges faced by industry – pipeline and transport capacity issues, emerging new…

Empire Petroleum Corporation Announces Acquisition of Oil and Gas Assets and a $20 Million Credit Facility with CrossFirst Bank

Empire Petroleum Corporation announced yesterday that it has acquired producing oil and gas assets located in Billings, Bottineau, Bowman, Burke, McHenry, McKenzie, Mountrail, Renville, Stark & Williams counties in North Dakota and Richland & Sheridan counties in Montana through its wholly owned subsidiary, Empire North Dakota LLC. The assets were…

USA Government affirms support for Keystone XL project

TransCanada Corporation (TransCanada) thanked President Donald Trump this past Friday, March 29 for affirming his support for the Keystone XL pipeline project by issuing a new Presidential Permit. The president’s action today clarifies the national importance of Keystone XL and aims to bring more than 10 years of environmental review…

2019 Bakken Oil Product & Service Show Features Industry Forums

The ninth-annual Bakken Oil Product & Service Show (BOPSS) features industry forums in three key industry segments – Trucking and fleet management, engineering and management, and well site facilities. The event will be held October 2 & 3, 2019 at the Raymond Family Community Center in Williston, North Dakota.  The Bakken Oil Product…

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

Targa Resources Corp. (NYSE: TRGP) announced on February 19, 2019 that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, “Blackstone”) for $1.6 billion in cash (the…