Tag Archives: Tioga

Here comes the boom … again: Tioga to host Enbridge’s Sandpipe Pipeline

By Jillian Mitchell Black gold can change a town forever—even more so when it’s accompanied by the construction of a new pipeline. Tioga, ND, is poised to become a significant pipeline hub by 2017, serving as the start line of Enbridge’s new Sandpiper Pipeline. The $2.6-billion project ($1.3 billion in…

Hess completes sale, establishes Bakken Midstream Joint Venture valued at $5.35 billion

Hess Corporation (NYSE: HES) completed the previously announced sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion on July 1, 2015. As planned, Hess and Global Infrastructure Partners have created a premier midstream joint venture — Hess Infrastructure Partners. The joint venture has incurred $600 million of debt through a…

Miller Architects & Builders construct hotels in Bakken area to accommodate oil industry workers

By Gloria Taylor Oil production in the Bakken formation is booming and even greater production is being forecast for the years ahead. In April of this year, the U.S. Geological Survey stated that expected ultimate recovery could reach an unprecedented 7.4 billion barrels of oil. by