Bakken

MDU Adjusts Capacity for Bakken Natural Gas Pipe, Eyes ‘21 to Begin Building

MDU Adjusts Capacity for Bakken Natural Gas Pipe, Eyes ‘21 to Begin Building

MDU Resources Group Inc.’s utility operations, spread across eight states, as well as a pipeline business serving the the Rockies and Bakken Shale, reported increased profits during the second quarter from a year ago, beating back Covid-19’s negative impacts by using geographic diversity and a mid-size market focus. CEO David Goodin said the Bismarck, ND-based…

August 7, 2020
Continental Expects Improved Cash Flow at $40/bbl as Production to Ramp Through End of 2020

Continental Expects Improved Cash Flow at $40/bbl as Production to Ramp Through End of 2020

After curtailing production in the second quarter amid the extraordinary disruptions caused by the coronavirus pandemic, Continental Resources Inc. (CLR) expects to boost cash flow at $40/bbl West Texas Intermediate (WTI) pricing as it looks to ramp up output through the end of the year, management said. The Oklahoma City-based independent in its 2Q2020 earnings…

August 6, 2020
Crestwood Plans for Future Without DAPL, Expects Shut-In Volumes to Fully Return in 4Q

Crestwood Plans for Future Without DAPL, Expects Shut-In Volumes to Fully Return in 4Q

Crestwood Equity Partners LP is taking a three-pronged approach to ensuring its Bakken Shale customers are able to move their crude oil volumes to market in the event that the Dakota Access Pipeline (DAPL) shuts down, either temporarily or permanently. On the second quarter earnings call held Tuesday, CEO Bob Phillips said the commercial and…

August 5, 2020
DAPL Awaiting Appeals Court Decision on Operations Status

DAPL Awaiting Appeals Court Decision on Operations Status

It’s now a waiting game for the Dakota Access Pipeline (DAPL) after both sides in the oil pipeline’s ongoing legal battle have had their say regarding the motion to stay a lower court’s order to temporarily shut and empty the system. In a filing Thursday (July 23) in the U.S. Court of Appeals for the…

July 27, 2020
Kinder Morgan Progressing Key Natural Gas, Export Projects

Kinder Morgan Progressing Key Natural Gas, Export Projects

The double whammy of Covid-19 and an oil market downturn resulted in stinging declines on the Kinder Morgan Inc. (KMI) pipeline network, but the midstream giant reported a fair share of green shoots during a second quarter earnings call. Houston-based KMI on Wednesday reported higher natural gas transport volumes year/year and said nearly all of…

July 23, 2020
PHMSA Sides with North Dakota, Montana in Crude-by-Rail Dispute with Washington State

PHMSA Sides with North Dakota, Montana in Crude-by-Rail Dispute with Washington State

Federal regulators have concluded that rules for transporting oil preempt a state of Washington rule for screening interstate crude-by-rail shipments from North Dakota and Montana. The Department of Transportation’s U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said the applicable federal law preempts Washington’s vapor pressure limit for oil loaded or unloaded from rail tank…

July 21, 2020
North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

The number of oil and natural gas wells likely to be drilled around the world this year is forecast to hit its lowest level since at least the early 2000s, with North America the most impacted from slumping demand in the age of Covid-19. An analysis by Rystad Energy issued on Tuesday pegged the number…

July 14, 2020
Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Deflating oil and natural gas production from seven of the most prolific U.S. onshore unconventional plays is expected to continue in August, according to the Energy Information Administration (EIA).  Total oil production from the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations is expected to decline to 7.49 million…

July 13, 2020
North Dakota Rejects Bakken Oil, Gas Production Quotas

North Dakota Rejects Bakken Oil, Gas Production Quotas

The three-member North Dakota Industrial Commission headed by Gov. Doug Burgum has unanimously voted not to impose oil and natural gas production cuts, citing similar moves by Texas and Oklahoma. The commission, which also includes the state’s attorney general and agricultural commissioner, said producers were doing a good job reacting to the double whammy of…

July 13, 2020
Dakota Access Legal Battle Moves to D.C. Circuit as Clock Runs Down on Judge’s Order to Halt Operations

Dakota Access Legal Battle Moves to D.C. Circuit as Clock Runs Down on Judge’s Order to Halt Operations

The operator of the Dakota Access (DAPL) pipeline on Thursday filed in the U.S. Court of Appeals for the D.C. Circuit an appeal for review of a district court’s order denying a stay request.  Dallas-based Energy Transfer LP (ET) filed the appeal minutes after D.C. District Court Judge James Boasberg denied the stay request, which…

July 10, 2020
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