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  • BISMARCK, N.D.— Crews in North Dakota excavated pastureland after more than 120,000 gallons of oil and drilling wastewater overflowed from a tank, the state Health Department said Friday. The spill happened Wednesday morning near Marmarth in southwestern North Dakota at a site operated by Plano, Texas- based Denbury Onshore LLC, according to Bill Suess, an...

  • LONDON/ CHICAGO May 20- Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro in Ecuador instructed San Francisco- based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo has countered that security lapses in BDA's own operations caused the Ecuadorean bank's losses. SWIFT, an acronym for the...

  • The Labor Department says Kentucky saw its unemployment rate fall to 5.3 percent in April, down from 5.6 percent in March. In addition to Kentucky, the other four states judged to have significantly lower unemployment rates in April were Arkansas, Delaware, Kansas and Vermont. In addition to Pennsylvania, the states with significantly higher rates were New...

  • Houston- based Dakota Access LLC wants to build the pipeline— designed to carry a half-million barrels of oil a day— from northwest North Dakota to a storage facility in south-central Illinois. On Friday, Iowa State Archaeologist John Doershuk said his office had received information indicating a possible Native American site in northwest Iowa that, if...

  • LONDON/ CHICAGO May 20- Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro in Ecuador instructed San Francisco- based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo has countered that security lapses in BDA's own operations caused the Ecuadorean bank's losses. SWIFT, an acronym for the...

  • MARMARTH, N.D.— A tank overflow has caused a spill of about 16,800 gallons of oil and more than 100,000 gallons of a mixture of saltwater and oil in Bowman County. The North Dakota Department of Health says the spill happened Wednesday at a site operated by Texas- based Denbury Onshore LLC, about 8 miles south of Marmarth. Personnel with the Health Department and the...

  • BISMARCK, N.D.— A state income tax credit that helped subsidize construction of thousands of living spaces largely in western North Dakota's oil patch has outlived lived its usefulness with the downturn in drilling and a prolonged slump in crude prices, the chairmen of the Senate and House taxation committees say. Dwight Cook, chairman of the Senate's Finance...

  • May 18- Halcón Resources Corp, which produces oil in Texas and North Dakota, said on Wednesday it plans to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices. Shares of the Houston- based company fell 55 percent to 44 cents in after-hours trading. Together with several former colleagues from...

  • The postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom. But the price drop quickened, due in part to a supply glut from the 1.2 million barrels of oil North Dakota was pumping each day.

  • State lawmakers voted to keep in place some of the lowest taxes on oil and gas production in the United States- a break worth $470 million in fiscal year 2015 alone. In Newcastle, 23 miles from the capital of Oklahoma City, John Cerny recently learned that the school attended by his five-year-old granddaughter, Adelynn, will open just four days a week next year.

  • State lawmakers voted to keep in place some of lowest taxes on oil and gas production in the United States- a break worth $470 million in fiscal year 2015 alone. In Newcastle, 23 miles from the capital of Oklahoma City, John Cerny recently learned that the school attended by his five-year-old granddaughter, Adelynn, will open just four days a week next year.

  • Soybeans eased on technical selling and slowing export demand, while Chicago wheat finished unchanged after a late round of short-covering. Chicago Board of Trade's July corn contract added 3-1/ 4 cents to $3.94 a bushel. Corn gained as traders reversed previous spread trades that were long soybeans and short corn, following technical trading factors, said...

  • NEW YORK, May 16- U.S. shale oil output is expected to fall in June for the eighth consecutive month, according to a U.S. government forecast on Monday, as the squeeze from a two-year rout in crude prices worsens. Total output is expected to fall by nearly 113,000 bpd to 4.85 million bpd, according to the U.S. Energy Information Administration's drilling productivity...

  • Chicago Board of Trade's most active wheat contract lost 3 cents or 0.6 percent at $4.71-3/ 4 a bushel as of 10:45 a.m. CDT. "We just continue to hear about improving crops in other parts of the world," said Mike Krueger, president of The Money Farm in Fargo, North Dakota. Private analytics firm Informa Economics on Monday estimated U.S. corn area at 93.4 million acres,...

  • NEW YORK, May 12- North Dakota's oil output fell for a fourth consecutive month in March, dropping about 10,000 barrels per day, the state's energy regulator said on Thursday, as weak oil prices continued to curb output. Output slipped to 1.109 million bpd in the month from 1.119 million bpd in February, data from the North Dakota Industrial Commission showed.

  • Under the plan with creditors, Linn will spin off Berry Petroleum Co LLC, acquired in 2013 for $4.3 billion to create one of the largest independent energy producers. We believe that these steps will provide us the financial flexibility to successfully manage in the current commodity price environment, "Chief Executive Officer Mark Ellis said in a statement.

  • Though 34 states had declining debt levels, two had double-digit increases: Kansas and South Dakota, at 40 percent and 20 percent, respectively. States with the largest year-over-year debt level declines were Nebraska and North Dakota, each with a 15 percent drop, and Utah, which saw its debt decrease 12 percent. States with the highest per capita debt levels were...

  • HOUSTON, May 5- The owners of a North Dakota refinery that was the first to be built in the United States since the 1970 s have curtailed output and may try to sell it, the latest victim of the oil price slump roiling the energy industry. Before the Dickinson refinery's construction, North Dakota had only one refinery and was importing much of its diesel from the U.S....

  • Wells Fargo's total energy-related exposure, including funded and unfunded loans, decreased $317 million to $43.5 billion in the quarter, the filing said. Wells Fargo and other banks have beefed up reserves for possible loan losses as sharply lower oil prices have made it difficult for energy companies to repay their debts. Wells Fargo has been one of the most...

  • Oil is hovering above the $40/ barrel mark after having rallied 20 percent in the past month. This has been enough for several producers to return to the thousands of unfinished wells that dot shale fields across the United States- essentially to ready them for production. There were 1,732 "abnormal" DUC wells in March- those that hadn't been completed within three...