Sorted by date Results 26 - 50 of 246
Oklahoma City, Oct. 24, 2022 /PRNewswire/ - Omega Acquisition, Inc. (the "Purchaser"), an Oklahoma corporation, 100% of the capital stock of which is owned by Harold G. Hamm, Continental Resources, Inc. founder and Chairman of the Board of Directors (the "Board," "Continental" or the "Company"), has commenced a tender offer (the "Offer") to acquire all of the outstanding shares of common stock, par value $0.01 per share (the "Shares") of the Company, other than: (i) Shares owned by Hamm,...
Crusoe to Enhance Existing GAM Assets and Flare Mitigation Services Through Larger Scale, Advanced Operations and Technology DENVER--(BUSINESS WIRE)--Crusoe Energy Systems LLC (Crusoe) announced that it has acquired the operating assets of Great American Mining (GAM). The acquisition accelerates Crusoe’s Digital Flare Mitigation® (DFM) business through additional scale and customer relationships while enabling Crusoe to more efficiently reduce the impact of natural gas flaring using Crusoe’s patented DFM technologies and large-scale, adva...
Houston, Sept. 19 - PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced recently that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), signed and closed on the sale of Bison Midstream, LLC ("Bison Midstream"), its gas gathering system in Burke and Mountrail Counties, North Dakota to Steel Reef Infrastructure Corp. ("Steel Reef" or the "Company" through its wholly owned subsidiary Steel Reef US Corp.), an integrated owner and operator of associated gas capture,...
The seven members of the LYREC Operation Roundup Board had a very important decision to make, Thursday, Sept. 22. The board members met in the LYREC board room as they do every quarter to decide who to award the funds accumulated by the Lower Yellowstone Rural Electric Trust. Operation Round Up is a program originally founded in 1989 by Palmetto Electric in Hilton Head Island, SC. It has since been adopted by many energy cooperatives across the country. When the program is in effect customers ma...
Agreements mark continued investment behind Gravity's growing water infrastructure platform focused on recycling, disposal and environmentally friendly water management solutions in the Permian and Bakken Midland, TX, July 21 /PRNewswire/ - Gravity, a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake"), has announced it has signed two new produced water gathering and disposal agreements backed by long term commitments in...
Bismarck, N.D. - Gov. Doug Burgum and Lt. Gov. Brent Sanford applauded the start of carbon storage operations at the Red Trail Energy LLC ethanol facility near Richardton, made possible by North Dakota being the first state in the nation to obtain regulatory authority from the U.S. Environmental Protection Agency over Class VI underground storage wells in 2018. “By capturing and storing the carbon from ethanol production, Red Trail Energy is helping to pave the way for the long-term viability of current energy sources in North Dakota with i...
As home prices continue to climb to record highs in Missoula, community nonprofits are turning modular homes that were once intended for workers in the Bakken oil fields into permanently affordable housing for two lifelong area residents. Homeword and Habitat for Humanity of Missoula are working together to help two East Missoulians attain homeownership using money from Missoula's new Affordable Housing Trust Fund and a long-term lease that ensures permanent affordability. The modular homes...
The Montana Public Service Commission held a public listening session on Montana Dakota Utilities Co.'s 2021 Biennial Electric Integrated Resource Plan in Sidney April 18. Montana Public Service Commissioners Randy Pinocchi and Tony O'Donnell were instrumental in scheduling a session for the public with MDU to get information on the their plans for biennium. Darcy Neigum, MDU Systems Operations and Planning director, opened the session explaining MDU's 2020-2021 Integrated Resource Planning...
LOS ANGELES, March 23, 2022 /PRNewswire/ -- "5000 Candles" is the story of an unexpected love for people, place, and industry. Through the song's playful and affectionate lyrics, singer-songwriter Alma Cook humanizes the North Dakota oilfield and invites Americans into parts of the country that are typically unnoticed and unappreciated. A city kid by birth and a musician by trade, Alma is one of many accidental entrepreneurs in the Bakken oil patch. When she first visited Williston, the...
Helena, MT - Along with the Montana Department of Natural Resources and Conservation (DNRC), Governor Greg Gianforte has announced a record-setting oil and gas lease sale on state trust lands, netting $1,187,194 from the first quarter of 2022. “Ramping up American-made energy in Montana is one of many ways to reduce our reliance on foreign energy sources,” Gov. Gianforte said. “Additionally, proceeds from these oil and gas lease sales will benefit our schools, ensuring our kids have access to the best education possible.” Approved by the Sta...
Whiting Petroleum Corporation (NYSE: WLL) (“Whiting”) and Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis") announced they have entered into an agreement to combine in a merger of equals transaction. The combined company will have a premier Williston Basin position with top tier assets across approximately 972K net acres, combined production of 167.8 thousand boepd, significant scale and enhanced free cash flow generation to return capital to shareholders. Under the terms of the agreement, Whiting shareholders will receive 0.5774 shares of Oas...
Tulsa, OK - Nov. 15, 2021 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) has announced plans to complete previously announced natural gas and natural gas liquids (NGL) infrastructure projects, including: • Demicks Lake III, a 200 million cubic feet per day (MMcf/d) natural gas processing facility in the Williston Basin. • MB-5, a 125,000-barrel per day (bpd) NGL fractionator in Mont Belvieu, TX. "Increasing producer activity and improving demand for natural gas and NGLs drove the decision to restart these attractive return projects," said Pierce H....
• Highly complementary Williston Basin and Delaware Basin assets enhance Crestwood’s competitive positioning in its core growth basins • Significantly expands Crestwood’s leading position in Williston Basin with substantial synergy value through current asset connectivity and future integration and optimization of existing infrastructure • Increases scale and financial strength with pro forma enterprise value of approximately $7 billion, pro forma 2021E Adjusted EBITDA of over $820 million, and conservative financial metrics with a sub-3.5x...
Gov. Doug Burgum and North Dakota Department of Commerce has announced that the North Dakota Development Fund has approved initial support for Cerilon Inc. to develop a major gas-to-liquids (GTL) complex in North Dakota, with the initial phase estimated at $2.8 billion. The Development Fund Board approved $3 million in initial developmental capital to Cerilon GTL Inc., a subsidiary of Calgary, Alberta-based Cerilon Inc., for the GTL complex, with further financial support anticipated. With this...
The federal government is moving forward with oil and gas leasing on 6,277 acres of Bureau of Land Management property in Montana following a judicial order directing the Department of the Interior to resume lease sales on federal lands. The BLM Montana/Dakotas State Office is asking for public feedback on leases involving 14 parcels in Montana that had been considered for auction before President Joe Biden’s pause on new lease sales went into effect. The moratorium was initiated with a Jan. 27 executive order directing the Interior D...
The North Dakota Petroleum Council (NDPC) has their annual meeting scheduled for Sept. 22 - 24 at the Rough Rider Center, Watford City. The NDPC Annual Meeting brings together more than 300 industry professionals to network with the Bakken’s foremost industry leaders and learn about the latest trends in oil and gas development. During the event, NDPC also hosts its Industry Awards Luncheon and Hall of Fame Induction Ceremony. In 2019, over 400 attendees were present at the meeting, there is expected to be a good turnout for this year’s mee...
Eleven industry groups including the Montana Petroleum Association say the Biden administration broke the law by failing to hold sales for new oil and gas leases eight months after implementing an indefinite moratorium. Eleven industry trade groups including the Montana Petroleum Association and the American Petroleum Institute filed a lawsuit this week challenging the Biden administration’s moratorium on oil and natural gas leasing on federal lands. “Congress has mandated quarterly mineral lease sales, but the Department of Interior has fai...
The North Dakota Petroleum Council (NDPC) has their annual meeting scheduled for Sept. 22 - 24 at the Rough Rider Center, Watford City. The NDPC Annual Meeting brings together more than 300 industry professionals to network with the Bakken's foremost industry leaders and learn about the latest trends in oil and gas development. During the event, NDPC also hosts its Industry Awards Luncheon and Hall of Fame Induction Ceremony. In 2019, over 400 attendees were present at the meeting, there is...
Houston - Aug. 5 - PRNewswire -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced that it has entered into criminal and civil agreements to resolve previously disclosed government investigations into the discovery, in Jan. 2015 of a discharge of produced water into Blacktail Creek, near Marmon, ND ("2015 Blacktail Release") and failure to report the spill on a timely basis. The discharge emanated from a ruptured pipeline owned by a Summit operating subsidiary, Meadowlark Midstream Company, LLC ("Meado...
Calgary, Alberta — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) has confirmed that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project). Construction activities to advance the Project were suspended following the revocation of its Presidential Permit on Jan. 20, 2021. The Company will continue to coordinate with regulators, stakeholders and Indigenous groups to meet its environmental and regulatory c...
Omaha, NE - A draft environmental assessment for a proposal to perform maintenance activities to prevent scour on two existing Tesoro High Plains Pipeline Company, LLC crude oil pipelines located along the Little Missouri River, on U.S. Army Corps of Engineers-administered land near Lake Sakakawea in North Dakota, is currently available for public review. The draft EA analyzes environmental impacts of completing maintenance and stabilization activities to prevent damage to two existing crude oil pipelines, the Ramberg to Mandan and Berthold...
CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project). Construction activities to advance the Project were suspended following the revocation of its Presidential Permit on January 20, 2021. The Company will continue to coordinate with regulators, stakeholders and Indigenous groups to m...
NEW TOWN, N.D., April 28, 2021 /PRNewswire/ -- Last week, Chairman Fox of the Mandan, Hidatsa and Arikara Nation (MHA Nation) filed a sworn declaration in the United States District Court for the District of Columbia, outlining the multiple ways that the nearly 17,000 members of the MHA Nation will be adversely impacted and economically devastated with any shutdown of the Dakota Access Pipeline (DAPL). The filing comes as the pipeline's future remains uncertain. The MHA Nation's energy resources, including oil and gas, are trust assets held by...
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has announced that it has completed the previously announced sale of its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1, 2021. “The Bakken is a core asset in our company’s portfolio,” CEO John Hess said. “Sale of the Little Knife and Murphy Creek acreage – the majority of which we were not planning to drill before 2026 – brings material value forward and further strengthens...
Tioga - Senator John Hoeven, of the Senate Energy and Natural Resources Committee member, held a roundtable discussion with local energy producers in western North Dakota to review ongoing developments in the region’s energy industry and outline his efforts to maintain America’s leadership in energy production. To this end, Hoeven is working to: • Secure approval for WBI Energy’s North Bakken Expansion Project from the Federal Energy Regulatory Commission (FERC). • Push back on Biden administration’s executive actions targeting US domestic en...
