After steadily rising on the back of America's shale revolution, wage growth for exploration and production professionals has essentially gone flat.» Read More
WASHINGTON/ OTTAWA, Feb 12- The U.S. Transportation Department has recommended crude oil trains be reinforced and advanced braking systems installed to prevent accidents from becoming fiery disasters, according to sources familiar with the plan. The proposal, which now faces a White House review, envisions safety improvements that public advocates endorse...
The life cycle of U.S. shale oil wells could put a question mark over American output and price stability.
LONDON, Feb 12- "Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines," the Office of the Comptroller of the Currency notes with bureaucratic understatement in its handbook for U.S. bank examiners. The agency supervised the infamous Penn Square Bank in Oklahoma City, which was declared...
Flights under the auspices of the Northern Plains test site will now be allowed in most of northeastern North Dakota, FAA said in a statement, adding that it soon expects to authorize flights in about two-thirds of the state. Flight operations at the Northern Plains site, one of six FAA- authorized test sites in the country, began in May and were limited to a small...
Oil and gas producers accounted for almost $1 in every $8 of new business investment in the U.S. economy in 2013, according to new data published by the Census Bureau. Businesses engaged in oil and gas extraction invested $159 billion in wells, structures and equipment in 2013, according to the Annual Capital Expenditures Survey, the latest edition of which was...
WILLISTON, N.D., Feb 6- Even as plunging crude oil prices fuel anxiety in North Dakota, small business owners in the No. 2 U.S. oil producing state say they are confident that demand for their products and services will remain strong enough to keep things humming. New coffee shops, restaurants and health food stores have recently opened or are set to open in Williston,...
As oil prices fall, it becomes harder for energy companies to maintain profitability.
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.
North Dakota Gov. Jack Dalrymple said oil's drop has led to the state's lowest rig count in five years.
Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.
Newly empowered Republicans are wasting no time in their agenda, with a push to revive the Keystone XL Pipeline bill.
Whlie falling oil prices are helping the U.S. economy, job prospects in the oil patch aren't so bright.
While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.
Some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.
Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.
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.
CNBC's Brian Sullivan reports heavy debt loads are among the reasons why some of the Bakken stocks are taking a hit.
Oil stocks have taken a beating, but companies that run on energy have taken the Dow Transports to new highs.
CNBC's Brian Sullivan reports from Williston, North Dakota, on the concern of how fast the price of oil has declined.
CNBC's Brian Sullivan reports from Williston, North Dakota, on why many Bakken producers are not concerned yet with about $65 oil.