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North Dakota

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  • BISMARCK, N.D., Dec 9- North Dakota has approved strict new standards for oil, requiring every barrel of crude be filtered for dangerous types of natural gas in order to make crude-by-rail transport safer. The new requirements come as federal, state and local officials grapple with how best to ensure the safe transport of North Dakota's crude oil, which has been...

  • The pace of drilling and production growth in the Eagle Ford and Permian Basin shale plays in Texas, which together with North Dakota's Bakken account for most of the increase in U.S. output since 2008, was accelerating in the first eight months of 2014.. The combined crude output from the Eagle Ford and Permian Basin surged by 400,000 barrels per day in the eight...

  • BISMARCK, N.D., Dec 9- North Dakota is poised to impose the strictest oil standards in its history on Tuesday, requiring every barrel of crude to be filtered for dangerous types of natural gas in an effort to make crude-by-rail transport safer. Because most of the oil extracted in the United States via hydraulic fracturing, commonly known as "fracking," is...

  • Dec 8- Oil and gas producer ConocoPhillips said its capital budget for 2015 would drop 20 percent to $13.5 billion, amid a steep decline in global crude prices. ConocoPhillips said it would "defer significant investment" in the Montney and Duvernay fields in Canada, the Permian Basin in Texas and the Niobrara shale field, which extends over Colorado, Wyoming,...

  • LONDON, Dec 8- In the next few months, everyone in the oil market will be intently watching the volume of new drilling activity in the shale plays of the United States for any signs of a slowdown in response to the fall in oil prices. But just three account for almost all the rise in oil output since 2009 and nearly two thirds of all rigs in operation: the combined...

  • NEW YORK, Dec 5- Oklahoma's energy-related revenues are feeling the squeeze from lower oil prices and if the price remains low, it could hit income and sales tax revenues if energy workers have less money to spend, the state's treasurer said on Friday. That will take a few months to get in, " Ken Miller, Oklahoma state treasurer, said on the sidelines of the National...

  • WILLISTON, N.D./ HOUSTON, Dec 5- U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years. Rig deployments or applications for new well permits fell by half in recent months...

  • Proved reserves of crude oil and lease condensate in North Dakota, meanwhile, surpassed those in the federal Gulf of Mexico in 2013, ranking it second only to Texas among U.S. states, EIA said. Collectively, North Dakota and Texas accounted for 90 percent of the overall net increase in U.S. proved oil reserves in 2013.. Tight oil plays accounted for 28 percent of all...

  • Dec 4- U.S. proven crude oil and lease condensate reserves increased 9.3 percent to 36.5 billion barrels in 2013, up from 33.4 billion barrels in 2012, the U.S. Energy Information Administration said in a report Thursday. EIA also said proven wet natural gas reserves gained 9.7 percent to 354 trillion cubic feet in 2013, up from 322.7 tcf in 2012..

  • NORTH DAKOTA'S CRUDE OIL AND LEASE CONDENSATE PROVED RESERVES SURPASSED THOSE OF THE FEDERAL GULF OF MEXICO, RANKING IT SECOND ONLY TO TEXAS AMONG U.S.

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. "In early November, oil and gas exploration activity decreased in North Dakota and increased in Montana relative to a month earlier; production remained at record levels," the Fed said. "

  • Dec 3- North Dakota Governor Jack Dalrymple proposed a two-year state budget on Wednesday that forecasts rebounding oil prices and a 23 percent jump in oil taxes, a tacit bet the state's energy boom will continue unabated. Last week OPEC opted not to cut its oil production, a step seen by many as designed to squeeze North Dakota and other oil-producing regions of...

  • LONDON, Dec 1- "The market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism," Benjamin Graham and David Dodd wrote in their landmark work on "Security Analysis" in 1934.. Graham and Dodd became the founding fathers of fundamental analysis and had a huge influence on generations of fundamentally focused...

  • Falling oil, but Bakken area up & running   Monday, 1 Dec 2014 | 1:30 PM ET
    Falling oil, but Bakken area up & running

    CNBC's Brian Sullivan reports from Williston, North Dakota, on the impact of dropping oil prices. Sullivan is getting the feeling business isn't seeing a slowdown there yet.

  • Debt & costs hit Bakken stocks   Monday, 1 Dec 2014 | 12:52 PM ET
    An oil-drilling rig stands on the Bakken formation in Watford City, N.D.

    CNBC's Brian Sullivan reports heavy debt loads are among the reasons why some of the Bakken stocks are taking a hit.

  • NEW YORK, Dec 1- U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. The Organization of Petroleum Exporting Countries last week agreed to maintain its production quota of 30 million-barrels-per-day, despite a 30 percent drop in oil prices since June, triggering an additional 10...

  • Playing oil—buy these stocks, avoid these: Pros Monday, 1 Dec 2014 | 10:03 AM ET
    A floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Oil stocks have taken a beating, but companies that run on energy have taken the Dow Transports to new highs.

  • Low oil & the view from Bakken   Monday, 1 Dec 2014 | 8:57 AM ET
    Low oil & the view from Bakken

    CNBC's Brian Sullivan reports from Williston, North Dakota, on the concern of how fast the price of oil has declined.

  • LONDON, Dec 1- "The market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism," Benjamin Graham and David Dodd wrote in their landmark work on "Security Analysis" in 1934.. Graham and Dodd became the founding fathers of fundamental analysis and had a huge influence on generations of fundamentally focused...

  • No panic in Bakken yet   Monday, 1 Dec 2014 | 7:03 AM ET
    No panic in Bakken yet

    CNBC's Brian Sullivan reports from Williston, North Dakota, on why many Bakken producers are not concerned yet with about $65 oil.