Top News & Analysis North Dakota

  • District Judge Scott Skavdahl in Casper said Monday that he couldn't immediately conclude the Interior Department had overstepped its authority with the rules, which seek to reduce air pollution and waste by requiring gas to be captured and sold rather than flared. That allows time for the lawsuit contesting the rules filed by Montana, North Dakota, Wyoming,...

  • NEW YORK, Jan 17- U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18- month highs, according to data from the U.S. Energy Information Administration on Tuesday. Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million...

  • BISMARCK, N.D.— The company building the Dakota Access oil pipeline wants a federal judge to block the U.S. Army Corps of Engineers from launching a full environmental study of the $3.8 billion pipeline's disputed crossing of a Missouri River reservoir in North Dakota. ETP wants any further study put on hold until Boasberg, in Washington, D.C., rules on whether ETP...

  • MIDLAND, Texas, Jan 17- Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas. Most of the wells to be drilled...

  • LONDON, Jan 17- U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. U.S. oil output was essentially flat between July and October 2016, after sliding between April 2015 and June 2016. More than half of all the new rigs have been added in the Permian...

  • The site of the $3.8 billion project in southern North Dakota had been the scene of demonstrations by Native Americans and environmentalists, who say the pipeline would damage sacred lands and any leaks could pollute the water supply of the Standing Rock Sioux tribe. But in early December the U.S. Army Corps of Engineers denied a key easement needed to allow the...

  • Commercial pilots must obtain a Federal Aviation Administration drone license, and some companies that employ such pilots have started selling classes that help students prepare for the FAA test or just figure out whether they would be interested in such a career. "I think a lot of people my age are interested in drones because it's cool technology that is...

  • *BofA, Wells Fargo, JPMorgan post profit above estimates. Jan 13- An increase in Facebook pushed the Nasdaq to a record high on Friday, and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results. Wall Street has surged since President-elect Trump's unexpected election victory on optimism he will cut...

  • The San Francisco- based bank has been dealing with multiple lawsuits and a sharp drop in account openings after it settled with the Los Angeles City Attorney, the U.S. Comptroller of the Currency and the Consumer Financial Protection Bureau in September over charges that its employees created as many as 2 million accounts without customers' consent.

  • *BofA, Wells Fargo, JPMorgan post profit above estimates. Jan 13- The S&P 500 rose on Friday after major U.S. banks kicked off the fourth-quarter earnings season with strong results, helping fuel confidence about a recent market rally. Wall Street has surged since President-elect Trump's unexpected election victory on optimism he will cut corporate taxes, spend...

  • The San Francisco- based bank has been dealing with multiple lawsuits and a sharp drop in account openings after it settled with the Los Angeles City Attorney, the U.S. Comptroller of the Currency and the Consumer Financial Protection Bureau in September over charges that its employees created as many as 2 million accounts without customers' consent.

  • BISMARCK, N.D.— Oil companies will be charged a higher tax rate than the state on the reservation's oil production, the chairman of North Dakota's Three Affiliated Tribes said Friday, a move that non-tribal officials believe is a violation of a revenue-sharing accord and could slow drilling. Three Affiliated Tribes Chairman Mark Fox said it never agreed to the...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • BISMARCK, N.D.— Police allege in court filings that opponents of the Dakota Access oil pipeline allegedly made threats against officers and public officials in North Dakota last year, prompting additional security for the state's governor. Opponents of the $3.8 billion pipeline to move North Dakota oil to a shipping point in Illinois have long maintained...

  • The San Francisco- based bank has been dealing with multiple lawsuits and a sharp drop in account openings after it settled with the Los Angeles City Attorney, the U.S. Chief Executive Timothy Sloan- who took over after John Stumpf resigned in the wake of the scandal- said he was pleased with the progress the bank has made in customer remediation, as well as its...

  • WASHINGTON— Traffic deaths surged about 8 percent in the first nine months of last year, continuing an alarming upward spiral that may be partially explained by more Americans on the roads due to the economic recovery, according to National Highway Traffic Safety Administration estimates released Friday. The sharp increase comes as drivers are putting more...

  • The San Francisco- based bank has been dealing with multiple lawsuits and a sharp drop in account openings after it settled with regulators in September over charges that its employees created 2 million accounts without customers' consent. Net income applicable to shareholders fell 6.4 percent to $4.87 billion, or 96 cents per share, in the fourth quarter, from...

  • Jan 13- U.S. stock index futures gave up some gains on Friday after disappointing quarterly reports from Bank of America and Wells Fargo. Wells Fargo was down 1 percent at $53.95 after it reported a fall in profit and its revenue fell short of market expectations. "There is a lot of optimism regarding the financial sector but any kind of cautious statement from them...

  • Net income applicable to shareholders fell 6.4 percent to $4.87 billion, or 96 cents per share, in the fourth quarter ended Dec. 31, from $5.20 billion, or $1.00 per share, a year earlier. Excluding items, the bank earned $1.03 per share, beating the average analyst estimate of $1.00 per share, according to Thomson Reuters I/B/E/S. The results were for the first full...

  • NEW YORK— Wells Fargo said Friday its profit fell 5 percent in the first full quarter after regulators said that bank employees opened millions of customer accounts fraudulently to meet sales goals. In September, regulators fined the San Francisco- based bank $185 million for opening more than two million unauthorized accounts. The scandal brought...