Sorted by date Results 26 - 50 of 255
WASHINGTON, D.C. —The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that it plans to purchase about 6 million barrels of oil for the Strategic Petroleum Reserve (SPR), with receipts scheduled for October and November 2023. This purchase is in continuation of the Biden-Harris Administration’s replenishment plan and is the third solicitation that DOE has issued this year to repurchase oil for the SPR. DOE will pursue additional repurchase opportunities as market conditions allow. The solicitation is for crude oil for d...
Meagan Dotson The Bakken Global Recruitment of Oilfield Workers (GROW) Program is looking for sponsors for Ukrainian workers, with intentions of welcoming 25 new workers to North Dakota by July 2023. The North Dakota Petroleum Council (NDPC) launched this program in the spring of 2023 as a way to address the oil and gas industry's shortage of workers. "Due to the war between Russia and Ukraine, many Ukrainian citizens want to flee their country and come to America and work to make money to send...
DENVER--(BUSINESS WIRE)--Phoenix Capital Group Holdings, LLC, doing business as Phoenix Capital Group, is excited to announce it has acquired more than 560 net mineral acres for a purchase price that exceeds $6 million. The mineral interests are all located in Williams County, ND, and more specifically in township 158N range 96W. This most recent acquisition helps to expand Phoenix Capital Group’s geographic reach across the state of North Dakota while also further diversifying its expansive mineral portfolio. Williams County is a highly d...
Gov. Doug Burgum applauded a ruling by U.S. District Court Judge Daniel Traynor ordering the federal Bureau of Land Management (BLM) to resume quarterly sales of oil and gas leases on public lands in North Dakota. “It should not take a court order to compel the Biden administration to obey the law, or to have the BLM do what it has been directed by Congress to do, but in this case it did, and we applaud Judge Traynor’s order which requires BLM to resume their lawfully required quarterly oil and gas lease sales,” Burgum said. “From the beginni...
Williston, N.D., (Jan, 17) - The Williams County Board of County Commissioners have approved a loan of $10 million to Cerilon GTL ND for the purchase of land in the Marley Crossing area to construct a 24,000 barrel per day Gas-to-Liquids (GTL) plant with carbon capture and sequestration as a key component. The loan carries a 2.5% simple interest rate to be paid annually, which must be paid back within four years. The loan is secured by the property that is being purchased as well as farm and...
The EECO will serve as a unified avenue for industry experts to effectively coordinate with North Dakota energy entities to advance the state's energy strategy by supporting North Dakota's full energy portfolio. "This is an exciting addition to Commerce," Commerce Economic Development and Finance Director Rich Garman said. "We are incredibly blessed in North Dakota with our natural geology and energy abundance. The Energy and Economic Coordination Office will focus on working with all the...
OKLAHOMA CITY, Dec. 6, 2022 /PRNewswire/ -- Continental Resources, Inc. announced has President and Chief Operating Officer (COO) Doug Lawler will assume the role of President and Chief Executive Officer (CEO). "Doug is a transformative leader who will build on all we have achieved in our company's 55-years. Doug is exactly the right person to inspire our employees and grow our company and our culture as we meet the world's energy challenges. Operating as a private company unlocks endless...
BISMARCK, ND, Nov. 22, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) recently announced its plans to make capital investments totaling $3.5 billion over the five-year period from 2023 to 2027. "Our capital investment plan includes a number of key projects that are expected to provide organic growth across our businesses, with particular emphasis on upgrades and expansions to our electric transmission and distribution infrastructure and our natural gas transportation and...
Houston, Oct. 26, 2022 /PRNewswire/ -- Global energy and commodities price reporting agency Argus has broadened its coverage of one of the largest crude oil markets in the USA, adding critical price points to the complex market for Bakken crude. Produced in North Dakota and Montana, Bakken production of 1.2mn b/d is third only to the Permian and Eagle Ford basins in Texas and New Mexico. The grade is actively traded in the Midcontinent, Rockies and the Gulf coast, and sold to domestic and...
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...
