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North Dakota

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  • HOUSTON, Jan 21- Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. "The Bakken is the one producing basin in which Kinder Morgan doesn't have a large presence,"...

  • NEW YORK, Jan 21- Responders recovered 240 barrels of oil from a breached pipeline in Montana, despite icy conditions that were slowing down efforts, the Environmental Protection Agency and Bridger Pipeline LLC said Wednesday. The 42,000 barrel-per-day Poplar pipeline system gathers crude from producers in eastern Montana and North Dakota.

  • HOUSTON, Jan 21- Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and...

  • Kinder Morgan to buy Hiland Partners for $3 billion Wednesday, 21 Jan 2015 | 4:31 PM ET

    HOUSTON, Jan 21- Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in...

  • NEW YORK, Jan 21- A former executive at a New York investor relations firm, whose shoeless sprint from news photographers last year was lampooned on Comedy Central's "The Daily Show," was sentenced on Wednesday to 2-1/ 2 years in prison for insider trading. Michael Lucarelli, the former director of market intelligence at Lippert/Heilshorn& Associates, was also...

  • NEW YORK, Jan 21- A former executive at a New York investor relations firm, whose shoeless sprint from news photographers last year ended up on Comedy Central's "The Daily Show," was sentenced on Wednesday to 2-1/ 2 years in prison for insider trading. Michael Lucarelli, the former director of market intelligence at Lippert/Heilshorn& Associates, was also ordered by...

  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • Jan 19- Bridger Pipeline LLC said on Monday it has shut the 42,000 barrel per day Poplar pipeline system after a weekend breach that sent as much as 1,200 barrels of crude oil into the Yellowstone River near Glendive, Montana. The Poplar system gathers crude from Bakken producers in eastern Montana and North Dakota. Bakken crude narrowed slightly to $5.40 per...

  • Oil spills in Yellowstone River after pipeline leak Monday, 19 Jan 2015 | 1:26 PM ET

    Jan 19- Crews worked on Monday to clean up crude oil that spilled in and near the Yellowstone River in eastern Montana even as Bridger Pipeline LLC tried to determine what caused the weekend breach, the Wall Street Journal reported. The Poplar pipeline, which moves crude from Bakken basin to nearby hubs, was last inspected in 2012 and is at least 8 feet below the...

  • North Dakota rigs at 5-year low: Governor Thursday, 15 Jan 2015 | 3:00 PM ET
    North Dakota Governor Jack Dalrymple

    North Dakota Gov. Jack Dalrymple said oil's drop has led to the state's lowest rig count in five years.

  • *World Bank lowers global growth forecasts for 2015, 2016. "velocity of the downward trend that we've been in, you can expect to see violent snapbacks," said Tariq Zahir of Tyche Capital. Even so, there were growing signs that low prices were finally beginning to slow the unrelenting growth in U.S. oil production, a key factor for markets as OPEC powerhouse Saudi...

  • WASHINGTON, Jan 14- A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. The Fed's monthly Beige Book report on business activity had some evidence of this economic boost, with firms telling the Fed that lower gasoline prices helped...

  • WASHINGTON/ OTTAWA, Jan 14- Canada is committed to taking outmoded tank cars off the rails years earlier than U.S. officials envision, sources familiar with negotiations say, leaving the trading partners at an impasse as they try to harmonize oil train safety measures. Canada wants fuel deliveries in the older wagons to end by May 2017. In a sign of concern, U.S....

  • Jan 14- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers. Wells Fargo's total loans rose 2.8 percent to $862.6 billion in the fourth quarter. Wells Fargo shares were down 1.5 percent in premarket trading on Wednesday.

  • LONDON, Jan 14- U.S. crude production is set to rise by another 300,000 barrels per day to a temporary peak in May, according to the U.S. Energy Information Administration, before declining over the summer. STEO forecasts production will climb from 9.15 million bpd in December 2014 to reach a temporary high of 9.47 million bpd by May 2015. This production profile is...

  • LONDON, Jan 14- California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields. The California rig count is the lowest since October 2009, when producers were struggling with low prices in the aftermath of the global financial crisis and deep recession that began a...

  • LONDON, Jan 13- How low must oil prices fall before production starts to level off and even decline to rebalance the market? Shut-in prices are as low as $15 per barrel in North Dakota's Bakken, according to North Dakota's Department of Mineral Resources. For example, across the United States there are around 400,000 stripper wells each producing less than 10...

  • TOKYO, Jan 13- U.S. crude futures extended declines for a third straight session on Tuesday, following a near 5 percent fall the previous day, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. *NYMEX crude for February delivery was down 25 cents at $45.82 a barrel by 2348 GMT, after settling down $2.29 at...

  • WASHINGTON, Jan 12- The U.S. Senate advanced a bill on Monday to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Backers of TransCanada Corp's project also have 63 supporters, including all 54 Republicans, to take...

  • Goldman cuts 3- month Brent forecast to $42 from $80. NEW YORK, Jan 12- Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. "I figured we'd see $40 in the near term, but everything seems to be happening...