Oil holds above $64 before U.S. supply report, eyes on Iran

Oil holds above $64 before U.S. supply report, eyes on Iran

LONDON – Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.

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TransCanada Plans to Seek U.S Approval for new Pipeline

TransCanada Plans to Seek U.S Approval for new Pipeline

The company behind the Keystone XL pipeline plans to ask the U.S. government to permit a new and different pipeline project.

Despite the yearslong fight over Keystone XL, TransCanada Corp. will apply to the U.S. State Department to build a 200-mile pipeline from North Dakota’s booming oil fields across the border into Canada to connect to another proposed pipeline, according to a person briefed on the plan.

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Oil's State of the State Williston ND

Oil's State of the State Williston ND

WILLISTON — Bakken shale looks like black marble, and marble, as we all know, releases no oil. For a long time, most industry experts believed that Bakken shale was a lot like black marble. It would forever be too expensive to draw out the solid Kerogen materials and create from it flowing black gold.

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Lunnen Real Estate – Father Son Real Estate Duo

Lunnen Real Estate – Father Son Real Estate Duo

When Tom Lunnen first came to Williston three years ago his experience was not, by most standards, ideal. His hotel room was overpriced, he could not get a table at Applebee’s, to get to Wal-Mart he had to park a block away from it, and once inside it took him nearly an hour to buy allergy medicine. Moreover there were “trucks going in every direction” and countless construction sites. 

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Following long ban, U.S. could dominate global light oil supply

Following long ban, U.S. could dominate global light oil supply

After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.

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Bakken Oil Boom now a generational oil play

Bakken Oil Boom now a generational oil play

WILLISTON - Any thoughts that the pace in the Bakken oil patch has slowed down over the past few years, can be eliminated.  "We're breaking records everyday," noted Tom Rolfstad, Executive Director of Williston Economic Development.

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How Downspacing Is Giving the Bakken Boom Longer Legs

How Downspacing Is Giving the Bakken Boom Longer Legs

Innovations like pad drilling, downspacing, and better well completion designs have all helped rapidly reduce well completion costs and drilling times, all while production rates and EURs (estimated ultimate recovery) increase.

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Oasis CEO says Bakken still early innings

Oasis CEO says Bakken still early innings

When Taylor Reid, president and Chief Operating Officer of Bakken pure-play operator Oasis Petroleum Inc., is asked how long the oil production and development will happen in the Williston Basin, he responds with a baseball analogy. The Bakken is still “in the early innings,” Reid said. For Oasis, it appears the game is just getting good. “2013 was a really good year for us,” he said.

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Bakken crude breakeven prices as low as $58/bbl in 2014 -report

Bakken crude breakeven prices as low as $58/bbl in 2014 -report

(Reuters) - New efficient drilling practices may drive breakeven rates in the best areas of the Bakken shale oil play as low as $58 per barrel, Wood Mackenzie said on Tuesday, far lower than the traditional $70 per barrel figure frequently touted by analysts.

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There’s $118 Billion in Future Riches Still Trapped in North Dakota

There’s $118 Billion in Future Riches Still Trapped in North Dakota

Oil and gas companies from around the world are planning to spend $15 billion to drill new wells in the Bakken shale this year. This money is being spent in an attempt to unlock even greater riches. In fact, according to oil and gas industry analyst Wood Mackenzie the Bakken and Three Forks formations still hold $118 billion in remaining value.

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