Tag Archives: crude oil

Oil-by-rail: when crisis strikes

Industry stays proactive in the face of derailments By Jillian Mitchell As North American oil production continues to outpace pipeline capacity, shipment by rail is increasingly common. Today, an estimated two-thirds of North Dakota’s crude oil is transported by rail. It’s a big business, with accordingly, big responsibilities. And when…

When is 30-million barrels really 30 million barrels?

By Chris Faulkner, CEO, Breitling Energy Corporation  2011 wasn’t one of OPEC’s better years.  In June, ministers from the 12-member Organization of Petroleum Exporting Countries (OPEC) convened in Vienna for their bi-annual get-together with the proposition of hiking the consortium’s oil production output — at that time running about 28.8…

Whiting Petroleum Corp. announces second quarter 2013 financial and operating results

Record Q2 2013 Production of 93,380 BOE/d Up 4.8% over Q1 2013 Q2 2013 Net Income Available to Common Shareholders of $134.7 Million or $1.14 per Diluted Share and Adjusted Net Income of $121.3 Million or $1.02 per Diluted Share Q2 2013 Discretionary Cash Flow Totals a Record $440.9 Million…

Growing midstream: more ‘liquids-based in the midstream space’

Many years ago, MDU Resources Group called itself a “multidimensional natural resource company.” The description was more than fitting since the Bismarck-based corporation had a utility division that offered electric generation and distribution along with natural gas distribution. The company also operated an interstate natural gas transmission pipeline and storage…

Opportunity knockin’ in the Bakken

By Jon Bennion, Government Relations Director of the Montana Chamber of Commerce Known as the “Treasure State,” Montana is celebrating 150 years of resource development this year as it commemorates the arrival of tens of thousands of miners in 1862. These new arrivals came in search of gold and silver,…