Tag Archives: oil

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…

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…

Pembina Pipeline Corporation to expand Vantage Pipeline

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announced that it has entered into agreements to expand the Vantage pipeline system for an estimated capital cost of $85 million. The Vantage Expansion entails increasing Vantage’s mainline capacity from 40,000 barrels per day (“bpd”) to approximately 68,000 bpd through the addition of mainline…

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 completes acquisition of Kodiak Oil & Gas

Whiting Petroleum Corporation (NYSE:WLL) (“Whiting”) today announced that it has completed its previously announced acquisition of Kodiak Oil & Gas Corp. (“Kodiak”), creating the largest Bakken/Three Forks producer. The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement…

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…