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  • 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...

  • Low oil prices a bonus for Minnesota railroad regulators Wednesday, 21 Jan 2015 | 3:46 PM ET

    ST. PAUL, Minn.— Lower gas prices have had an added bonus in Minnesota beyond fatter wallets: Train traffic is leveling off, giving regulators space to refocus on safety issues, a state railroad official told lawmakers Wednesday. The memories of an explosive wreck that killed 47 people in Quebec and a near-miss in North Dakota a year ago still loom large in Minnesota,...

  • Nearly 3 million gallons of saltwater generated by oil drilling have leaked from a North Dakota pipeline, an official said Wednesday, the largest such spill since the state's current oil boom began and nearly three times worse than previous record spills. Operator Summit Midstream Partners LLC detected the pipeline spill on Jan. 6, about 15 miles north of...

  • 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...

  • Montana oil spill renews worries over pipeline safety Wednesday, 21 Jan 2015 | 2:50 AM ET

    GLENDIVE, Mont.— Authorities were scrambling to decontaminate a water treatment plant serving 6,000 eastern Montana residents after a cancer-causing component of oil was found downstream of a Yellowstone River pipeline spill. As residents of Glendive lined up at a distribution center to receive bottled water, officials took initial steps Tuesday to...

  • GLENDIVE, Mont.— Eastern Montana residents rushed to stock up on bottled water Tuesday after authorities detected a cancer-causing component of oil in public water supplies downstream of a Yellowstone River pipeline spill. Elevated levels of benzene were found in water samples from a treatment plant that serves about 6,000 people in the agricultural...

  • 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...

  • SIOUX FALLS, S.D.— While Kansas is nicknamed the Sunflower State, South Dakota keeps making the case for itself, having nabbed the top sunflower-producing spot in three of the last four years. For the second-straight year— and third since 2011— South Dakota has produced more pounds of sunflowers than any other state, according to recently released estimates from...

  • 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...

  • WASHINGTON— Cheap oil doesn't only mean cheaper gas in the tank. It means that a car dealer in Illinois is shuffling the inventory of models he'll be selling, that more students in Wisconsin may get school-provided iPads, that some planned projects in a Southern California city will get delayed, and that some expected oilfield hiring in North Dakota and Texas may...

  • Measure would void new North Dakota flaring, oil rules Monday, 19 Jan 2015 | 12:37 PM ET

    BISMARCK, N.D.— New rules aimed at curbing the wasteful burning of natural gas in North Dakota and making crude oil safer for shipment would be void under a proposal by some Republican lawmakers. Scrubbing the new regulations would have a serious financial impact on the state and would invite even more onerous regulations by the federal government, state...

  • GLENDIVE, Mont.— Truckloads of drinking water were being shipped to the eastern Montana city of Glendive on Monday after traces of a major oil spill along the Yellowstone River were detected in public water supplies, raising concerns about a potential health risk. Preliminary tests at the city's water treatment plant indicated that at least some oil got into a...

  • *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...