Tag Archives: North Dakota

Bakken production stays the course amid falling oil prices

By Lisa Fattori.  Photos courtesy of of Williston Parks & Recreation. Uncertainty and speculation surrounding the freefall in oil prices have some analysts forecasting a low of $20 per barrel, before prices resume an upward climb. By January 2015, U.S. oil prices had halved in just seven months to below $50 per…

WBI Energy celebrates 30 years of operation

2015 marks significant anniversary It was 1985. Ronald Reagan was president and George H.W. Bush was vice president. A movie called Back to the Future broke box office records and the San Francisco 49ers won Super Bowl XIX. Meanwhile, in North Dakota, a new company within a corporation called MDU…

Western ND catching up after torrid growth rates

By Scott J. Meske, president, Williston Area Chamber of Commerce The City of Williston and western North Dakota has seen exponential growth the past five years due mainly to the harvesting of minerals beneath our prairies that still produce trainloads of grain and crops to feed our nation. In April…

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…