Tag Archives: North Dakota

Plains All American Pipeline acquires Williston Basin crude oil terminal under construction

Plains All American Pipeline, L.P. (NYSE: PAA) today announced Friday it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude…

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…

Kinder Morgan to acquire premier midstream position in Bakken

Kinder Morgan, Inc. (NYSE: KMI) today announced a definitive agreement whereby KMI will acquire Hiland Partners (Hiland) from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt. Hiland’s assets, which are mostly fee based, consist of crude…

U.S. energy independence: Bakken helping pave the way

By Heather Siegel © DTC Energy Group, Inc. 2013 Major technological advancements in drilling and completing oil and gas wells over the past five years helped make North Dakota’s Bakken shale one of the most successful oilfields in U.S. history. Boasting an estimated mean resource of 3.65 billion barrels of…

Oil & natural gas stimulate North Dakota economic and job growth

Oil and natural gas are driving the U.S. economy through a major energy boom and that boom is rippling through the economy of North Dakota, supporting business activity across the state. This finding grows out of a new American Petroleum Institute survey of domestic oil and natural gas vendors, which…

How North Dakota got it right (and how other states can, too!)

By Mark Anderson, CEO, Mainstream Investors, LLC As North Dakota entered the last decade of the 20th century, it found itself near the bottom of nearly every economic metric measured, save agriculture.  Each year, it was a net exporter of people, and with a total population of just 638,800 statewide,…