BNSF Railway plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards.» Read More
"There's a lot of people in Silicon Valley who became millionaires because they were in the right place at the right time and worked for a company that handed out stock options," said Paul Hodgson of BHJ Partners, a governance consultancy.
WASHINGTON, Oct 23- The Environmental Protection Agency on Wednesday kicked off an 11- city "listening tour" as part of its effort to craft emissions rules for existing power plants under the Obama administration's strategy to address climate change. The tour started in New York and Atlanta, with meetings wrapping up on Nov. 8.
Williston Mayor Ward Koeser discusses KKR's building plans in his city, and whether the city is making money from the boom.
A look beyond the drillers working North Dakota's Bakken field reveals many who see another big opportunity: building infrastructure.
LONDON, Oct 23- U.S. crude fell below $97 a barrel to its lowest since July on Wednesday, outpacing a smaller drop in Brent futures, pressured by ample supplies and expectations of a further inventory buildup in the United States, the world's top consumer. U.S. crude fell $1.73 to $96.57 and earlier reached $96.32, its lowest since July 1.
LONDON, Oct 23- Brent crude slipped towards $109 a barrel on Wednesday, pressured by rising inventories in China and expectations of a further buildup in the United States, the world's top consumer. Brent crude slipped 71 cents to $109.26 a barrel by 0846 GMT, after hitting a session high of $110.06.
NEW YORK, Oct 22- Delta Air Lines Inc's Pennsylvania oil refinery turned a small profit in the third quarter, the first time since it purchased the plant in 2012 to help trim jet fuel costs, the company said on Tuesday.
Oct 22- Kodiak Oil& Gas Corp, which primarily drills for oil in North Dakota's Bakken shale formation, said on Tuesday its third-quarter average daily sales volumes rose 54 percent from the second quarter.
New York and Illinois court rulings on 'Amazon taxes' may head to the U.S. Supreme Court to settle questions about the taxing online retail sales.
WASHINGTON, Oct 21- Diverging high court rulings in New York and Illinois over' Amazon taxes' point to a possible U.S. Supreme Court case to settle questions about the legality of states taxing online retail sales, lawyers said on Monday.
LONDON, Oct 18- Oklahoma is emerging as the next big shale oil play, with production growing faster than in any other U.S. state apart from Texas and North Dakota. Like Texas and North Dakota, Oklahoma is an old, established oil- and gas-producing state. Only Texas and California had more.
Oct 17- Tesoro Logistics LP detected anomalies during an inspection of its 20- year-old North Dakota pipeline just days before the line ruptured and spilled 20,600 barrels of oil onto farmland, the company said on Thursday. North Dakota regulators said corrosion on the pipeline may have caused the spill.
Oct 17- Tesoro Logistics LP on Thursday said it detected anomalies during an inspection of its 20- year-old North Dakota pipeline days before the line leaked more than 20,000 barrels of oil onto farmland. The pipeline was carrying Bakken oil to a rail facility in North Dakota when it ruptured. A farmer harvesting wheat on his land discovered the leak Sept. 29.
WASHINGTON, Oct 17- Wisconsin next month will become the 14th U.S. state to begin collecting sales tax on online purchases through Amazon.com Inc, joining a trend toward squeezing more revenue from e-commerce.
So far, the North American shale revolution has been confined to two states, Texas and North Dakota, at least as far as oil is concerned. But Texas, where production is up 1.469 million bpd, and North Dakota, where production has risen 671,000 bpd, account for virtually all the increase.
The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history.
Oct 15- The United States has overtaken Saudi Arabia to become the world's biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA.
NEW YORK, Oct 15- Tesoro Logistics LP will repair and replace a 200- foot section of the 20- year old North Dakota pipeline that leaked 20,600 barrels of Bakken oil onto farmland in late September, the company said on Tuesday. The six-inch pipeline, which runs 35 miles, was carrying oil to a rail facility outside Columbus in northwest North Dakota when it ruptured.
NEW YORK, Oct 15- Tesoro Logistics LP will repair and replace a 200- foot section of the North Dakota pipeline that leaked 20,600 barrels of Bakken oil onto farmland in late September, the company said on Tuesday.
NEW YORK, Oct 15- Oil production in North Dakota, home to the prolific Bakken formation, could hit 1 million barrels per day as early as at the end of this year, the head of the state's Mineral Resources Department said on Tuesday.