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North Dakota

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  • Census: Many North Dakotans don't retire at 65 Friday, 5 Dec 2014 | 2:02 AM ET

    BISMARCK, N.D.— Seventy-year-old Darlene Neas, like a growing number of North Dakotans staying in the workforce after they reach 65, doesn't intend to stop working anytime soon. Census figures show North Dakota seniors are more likely to hold jobs than the national average. "People in North Dakota just don't drop out of the workforce when they turn 65," said Kevin...

  • 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...

  • 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...

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

    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

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

  • 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...

  • ENDERLIN, N.D., Nov 25- After her shift at the TraXside Cafe in the southeast North Dakota hamlet of Enderlin, all Karla Souer wants to do is go home. That's because, chances are, there's a Canadian Pacific Railway Ltd train blocking the tracks somewhere on her route. Desperate for a solution, Enderlin's city councilors last month banned train breaks longer than 10...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • WILLISTON, N.D., Nov 21- Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters. The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV, as well...

  • This cost us Keystone approval: Democratic senator Wednesday, 19 Nov 2014 | 10:00 AM ET
    Sen. Heidi Heitkamp, a Democrat from North Dakota, right, speaks as Sen. Mary Landrieu, a Democrat from Louisiana, looks on during a news conference at the U.S. Capitol in Washington, Tuesday, Nov. 18, 2014.

    Sen. Heidi Heitkamp from North Dakota, a long-time Democratic supporter of the Keystone XL pipeline, also said to just wait until next year.

  • UPDATE 6-Keystone XL pipeline bill dies in U.S. Senate Tuesday, 18 Nov 2014 | 8:46 PM ET

    WASHINGTON, Nov 18- A bill to force approval of the Keystone XL pipeline failed in the U.S. Senate on Tuesday, sparing President Barack Obama from an expected veto of legislation that several fellow Democrats supported. She has staked her hopes of winning a fourth Senate term on the Keystone gambit. The tally was 59 to 41 on TransCanada Corp's $8 billion project,...

  • WASHINGTON, Nov 18- A bill to approve the Keystone XL pipeline was narrowly defeated in the U.S. Senate on Tuesday, failing one vote short of the 60 needed to get the measure to President Barack Obama's desk. "I believe we will have the votes to pass the bill in January when a number of new Senators who support my legislation take office and the new Congress begins.

  • UPDATE 5-Keystone XL pipeline bill dies in Senate Tuesday, 18 Nov 2014 | 7:08 PM ET

    WASHINGTON, Nov 18- A bill to force approval of the Keystone XL pipeline failed in the U.S. Senate on Tuesday, sparing President Barack Obama from having to veto legislation that several fellow Democrats supported. The measure fell just short of the 60 votes needed for passage, despite frantic last-minute lobbying by supporters, including Democratic Senator...