Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.» Read More
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.
Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered unstimulated," said David Martinez, Encana's senior manager for Haynesville development.
WILLISTON, Aug 18- A subsidiary of real estate developer The Prime Group Inc said on Monday it plans to build a $150 million convention center in Williston, North Dakota, aiming to supply a world-class meeting space for the fast-growing oil boom community.
As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.
OKLAHOMA CITY, Aug 15- More than $17 billion of Oklahoma oilman Harold Hamm's fortune could be subject to division with his estranged wife, according to an economic analysis presented in their divorce trial, defining the stakes in one of the biggest battles ever over a marital estate.
Aug 15- The first new crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.
TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
Aug 15- The first crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.
WASHINGTON/ CALGARY, Aug 14- Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in use in the energy sector.
*Soy market digests higher-than-expected USDA stocks view. *Hesitant corn market shrugs off below-consensus USDA yield. On Tuesday, the USDA pegged the U.S. corn harvest at a record 14.032 billion bushels, below analysts' estimates of 14.253 billion, and 2014/ 15 ending stocks at 1.808 billion bushels, below expectations of 2.005 billion.
LONDON, Aug 12- From modest beginnings in the Barnett shale beneath the city of Fort Worth, unnoticed by most energy analysts, horizontal drilling and hydraulic fracturing spread across North America and transformed all aspects of the energy landscape in under 10 years.
The 101- mile seaway was a crucial link between big oil producers and European refiners, ferrying some 1.2 million bpd to Western Europe, particularly to Britain and France.
NEW YORK, Aug 6- Exports of crude oil from U.S. shores jumped in June to the highest since the 1950 s, according to U.S. data, topping OPEC member Ecuador in supplying global markets and underscoring the dramatic shift in global flows.
Aug 6- EOG Resources Inc, which produces oil and natural gas in North Dakota and Texas, said on Wednesday that while it supports U.S. exports of crude oil, it believes the North American refining market can absorb the excess production from shale formations.
Big mergers are afoot. But is a major shale oil deal a sign of a strong market?
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
States are still seeing low levels of job growth despite the recovery. A weak housing and manufacturing sector has stymied employment.
States are collaborating to create hubs of excellence in a myriad of industries—from food to water tech—to develop homegrown business.
Nearly a decade of dizzying growth is starting to unsettle North Dakota. The education system is lagging and the state still trails in tech.
The recovery is taking hold. Companies are hiring. State finances are looking up. Time for things to get nasty as states vie for business.