An AP report yesterday raises questions about the level of oversight in the oilfields of North Dakota's Williston Basin. According to the report, oilfield spills and waste disposal sites are being untended or are infrequently monitored due to inadequate personnel and funding. North Dakota's energy resources department is funded and staffed to handle 100 rigs and about 5,000 wells, the report points out, whereas a record 169 active rigs were reported today and more than 5,300 wells were pumping oil. Up to 2,000 more new wells reportedly are expected by the end of the year. Read more...
Showing posts with label Bakken oil. Show all posts
Showing posts with label Bakken oil. Show all posts
Thursday, February 17, 2011
Wednesday, February 9, 2011
TransCanada Begins Deliveries to Cushing
TransCanada Corporation today announced that is has begun delivering crude oil to Cushing, Oklahoma through its 298-mile extension from Steele City, Nebraska. The company is waiting for a permit from the U.S. State Department to begin construction of the highly controversial Keystone XL pipeline that would run from Alberta to Nebaska and then on to Cushing and the Gulf Coast, carrying crude from Canada's oilsands and from the Williston Basin in North Dakota and Montana.
http://www.marketwire.com/press-release/Keystones-Cushing-Extension-Begins-Deliveries-to-Oklahoma-TSX-TRP-1392573.htm
http://www.marketwire.com/press-release/Keystones-Cushing-Extension-Begins-Deliveries-to-Oklahoma-TSX-TRP-1392573.htm
Monday, January 31, 2011
North Dakota Bill Would Lower Oil Tax
The North Dakota legislature is considering a bill that would lower state oil taxes from 11.5 percent to 9.5 percent for newly drilled wells. The ND House Finance and Taxation Committee reviewed the bill today. According to the state Tax Department, the proposed legislation would mean a reduction of up to $371 million in taxes over two years.
http://www.bismarcktribune.com/news/local/govt-and-politics/2011_session/article_50cf7118-2d5b-11e0-a8f5-001cc4c03286.html
http://www.bismarcktribune.com/news/local/govt-and-politics/2011_session/article_50cf7118-2d5b-11e0-a8f5-001cc4c03286.html
Tuesday, January 25, 2011
North Dakota Oil Impact Study Released
According to a North Dakota State University study released today, the economic impact of the state's oil industry soared from $4.2 billion to $12.7 billion between 2005 and 2009. State officials predicted the 2009 economic impact numbers will soon be overshadowed by those from 2010. Estimated production for the year was about 110 million barrels, up from 79.7 million in 2009. There currently are about 5,300 producing oil wells, up from 4,190 in 2009. Read more...
New Railport Planned for Western ND
A large multi-user rail terminal will be built in Trenton, North Dakota, according to an announcement today. The terminal, to be known as Trenton Railport, will be built by Savage Companies and served by the BNSF Railway. The facility will include rail infrastructure, open space for oil field materials storage, and receiving capability for frac sand and other materials. The project will be designed to bring large-scale rail service to the Bakken Formation providing transport of oil-field related materials such as tubular, frac sand and other strategic materials, in addition to the capability to load and ship unit trains of crude oil. Read more...
Thursday, January 20, 2011
ONEOK Announces More Bakken Investments
Oklahoma-based ONEOK Partners, L.P. today announced plans to invest between $260 million and $305 million in additional Williston Basin projects by the end of 2014.
The investments include $135 million to $150 million for the construction of a new natural gas processing facility in western Williams County, N.D. The plant, to be called Stateline II, is projected to process 100 million cubic feet per day (MMcf/d) and is expected to be online in the first half of 2013.
ONEOK also plans to invest approximately $80 million to $110 million for expansions and upgrades to its existing gathering and compression infrastructure in the Williston Basin, as well as approximately $45 million for new well connections associated with the Stateline II facility.
The partnership previously announced plans to construct two other new natural gas processing facilities in the region, the Stateline I and Garden Creek plants. When completed, the combined natural gas processing capacity of the three new plants and a fourth already built (Grasslands) will be approximately 400 MMcf/d. This will nearly quadruple the partnership's current processing capacity in the Williston Basin.
Source links...
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=544868&ReleaseType=OKS
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=514288&ReleaseType=ONEOK
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=462148&ReleaseType=OKS
The investments include $135 million to $150 million for the construction of a new natural gas processing facility in western Williams County, N.D. The plant, to be called Stateline II, is projected to process 100 million cubic feet per day (MMcf/d) and is expected to be online in the first half of 2013.
ONEOK also plans to invest approximately $80 million to $110 million for expansions and upgrades to its existing gathering and compression infrastructure in the Williston Basin, as well as approximately $45 million for new well connections associated with the Stateline II facility.
The partnership previously announced plans to construct two other new natural gas processing facilities in the region, the Stateline I and Garden Creek plants. When completed, the combined natural gas processing capacity of the three new plants and a fourth already built (Grasslands) will be approximately 400 MMcf/d. This will nearly quadruple the partnership's current processing capacity in the Williston Basin.
Source links...
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=544868&ReleaseType=OKS
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=514288&ReleaseType=ONEOK
--http://ir.oneok.com/releasedetail.cfm?ReleaseID=462148&ReleaseType=OKS
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