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North Dakota

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  • WASHINGTON, Jan 11- Sarah Feinberg, the U.S. secretary of transportation's chief of staff, will lead the nation's railroad regulator as the department works to finalize oil train safety rules, according to an agency email sent on Sunday. Feinberg has also pushed Congress to replenish the Highway Trust Fund, a $302 billion federal kitty meant to finance road...

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • REUTERS-BUSINESSS-NEWS-SCHEDULE AT 1600 GMT/11 AM ET Friday, 9 Jan 2015 | 11:05 AM ET

    Nebraska Supreme Court backs Keystone XL pipeline route. WASHINGTON, Jan 9 (Reuters)- A divided Nebraska Supreme Court approves a route for the Keystone XL oil pipeline across the state and clears the way for President Barack Obama to settle the politically charged issue. ( USA- KEYSTONE/), moving shortly, by Aruna Viswanatha and Patrick Rucker, 520 words).

  • Department of Mineral Resources Director Lynn Helms outlined breakeven rates for wells across the state and production projections for a range of prices in a presentation for the House Appropriations Committee of the State Legislature. Breakeven rates for new wells, the level at which all drilling would cease, range from $29 in Dunn county and $30 in...

  • Department of Mineral Resources Director Lynn Helms outlined breakeven rates for wells across the state and production projections for a range of prices in a presentation for the House Appropriations Committee of the State Legislature. Breakeven rates for new wells, the level at which all drilling would cease, range from $29 in Dunn county and $30 in...

  • Jan 8- The drop in oil prices is putting money in consumers' pockets and is "a good thing, basically" for the U.S. economy, Minneapolis Fed President Narayana Kocherlakota said at a town hall at his bank's headquarters. At the same time, he said, the oil price decline will put downward pressure on drilling and on production in North Dakota, where the local economy has been...

  • NEW YORK, Jan 8- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce check, Hamm's lawyer said on Thursday, in a move that may end an epic divorce battle over a fortune worth billions. In the November ruling by an Oklahoma County Court judge, Hamm, the chief executive of Continental Resources was allowed to...

  • UPDATE 1-Halcon Resources cuts 2015 spending again Thursday, 8 Jan 2015 | 6:06 PM ET

    Jan 8- Oil and gas producer Halcon Resources Corp said it would further cut its drilling and completion budget for 2015, responding to the continuing fall in oil prices. Halcon said on Thursday it now expected to spend between $375 million to $425 million, down from its earlier forecast of $750 million to $800 million. The midpoint of the earlier forecast on Nov. 10...

  • Halcon Resources cuts 2015 spending again Thursday, 8 Jan 2015 | 4:44 PM ET

    Jan 8- Oil and gas producer Halcon Resources Corp said it would further cut its drilling and completion budget for 2015, responding to the continuing decline in oil prices. Halcon said on Thursday it now expected to spend between $375 million to $425 million, down from its earlier forecast of $750 million to $800 million. The company, which operates in the Bakken...

  • These 2 U.S. drillers have 'great rocks': Analyst Thursday, 8 Jan 2015 | 3:09 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.

  • WASHINGTON, Jan 8- The treasuries of U.S. states with large energy sectors are swinging wildly from full to empty as oil prices take unexpected turns, a new report released on Thursday by the Pew Charitable Trusts shows. North Dakota follows, alongside Vermont, at 11.6 percent. In 2013 severance taxes made up 39.7 percent of Wyoming's revenue and 46.4 percent of...

  • WASHINGTON, Jan 8- U.S. Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. The Republican-led Senate Energy Committee approved the measure on a 13-9 vote, sending it to the full Senate for...

  • OPEC decided against limiting production at its last meeting on Nov 27, despite misgivings from non-Gulf members, after Saudi Oil Minister Ali al-Naimi said the group needed to defend market share against U.S. shale oil and other competing sources. OPEC has forecast an increasing surplus in 2015, citing rising supplies outside the group and lackluster...

  • COLUMN-Bakken oil prices not far from 2008-09 lows: Kemp Wednesday, 7 Jan 2015 | 10:19 AM ET

    LONDON, Jan 7- Prices received by oil producers in North Dakota's Williston Basin have averaged less than $34 per barrel so far this month, according to the list of posted prices issued by Plains Marketing. News reports in recent days have been full of stories about WTI and Brent futures prices falling down through $50 but many U.S. physical crude producers are...

  • LONDON, Jan 7- Unless prices recover, U.S. oil production will start falling before the end of 2015 as new drilling is insufficient to replace declining output from wells completed in 2013 and 2014.. Decline curves for typical shale wells in the Bakken, the Permian Basin and the Eagle Ford are all widely available on the internet, as are basic data on the number of...

  • Jan 6- Harold Hamm, the chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check, lawyers for both sides said on Tuesday. Hamm's offer would have paid his ex-wife, Sue Ann Arnall, immediately the full cash value of what he owes based on a November...

  • WASHINGTON, Jan 6- Republican senators kicked off the new U.S. Congress with legislation to approve the hotly disputed Keystone XL oil pipeline, but the White House promptly threatened a veto. "There is already a well-established process in place to consider whether or not infrastructure projects like this are in the best interest of the country," White House...

  • New GOP Congress, new Keystone pipeline bill Tuesday, 6 Jan 2015 | 1:27 PM ET
    A weld shack is moved toward a pipe joint during construction of the Keystone XL Pipeline in Atoka, Oklahoma.

    Newly empowered Republicans are wasting no time in their agenda, with a push to revive the Keystone XL Pipeline bill.

  • WASHINGTON, Jan 6- Republican senators this week made good on a campaign promise and kicked off the new Congress with a bill to approve the Keystone XL pipeline, saying if President Barack Obama vetoes it, they have a plan to pass the measure later in the year. Senator John Hoeven, a North Dakota Republican, introduced a bill on Tuesday to approve TransCanada Corp's...

  • LONDON, Jan 5- "Don't try to catch a falling knife" is sage advice for investors trying to identify the trough in a market like oil following a sharp selloff. Prices realised by oil producers in Texas have fallen below $50 per barrel and those for producers in North Dakota are sub- $40.. Continental Resources, one of the largest producers in the Bakken, revised its...