Tag Archives: oil

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…

MDU Resources Group plays integral role in Bakken growth

MDU Resources Group Inc. got its start as a utility company in 1924 in the shadows of the Bakken region. Within a couple of years, it was providing electric and natural gas service to communities that today are in the heart of the oil and natural gas production boom in…

Whiting Petroleum Corporation to acquire Kodiak Oil & Gas Corp. in all-stock transaction valued at $6 billion

Creates the number-one Bakken/Three Forks producer Whiting Petroleum Corporation (NYSE: WLL) and Kodiak Oil & Gas Corp. (NYSE: KOG) announced yesterday a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction valued at $6.0 billion, based on the closing price of Whiting on July 11, 2014,…

Expansion projects improve Bakken takeaway capacity

By Lisa Fattori As Bakken oil production reaches one million barrels per day (bpd), sufficient takeaway capacity and access to preferred markets continues to be a priority among shippers. Expanded crude-by-rail services, combined with new pipeline infrastructure, are together working to meet the current demand and will ramp-up to accommodate…

OriginOil to pursue growth through acquisitions of service companies in oil and gas industry

OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water announced today that it intends to pursue growth through acquisition of one or more service companies with proven ability to treat frac flowback and produced water in the oil and…

Busting media myths on fracking

By Michael Sandoval Sensationalism. There is, perhaps, no more apt a way to describe the media’s treatment of the fracking industry. From headlines of articles to the manner in which the media portrays the evidence contained in them, the myths of a destructive extraction process are presented to an audience…