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Top News & Analysis North Dakota

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  • WASHINGTON, July 14- Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. On Wednesday, the panel will decide whether to send the measure to the full...

  • Oil production from the largest U.S. shale plays will plunge in August for a fourth consecutive month, forecasts from the U.S. Energy Information Administration showed on Monday. Energy firms fired thousands of workers and cut back on new drilling after U.S. crude futures collapsed 60 percent from over $107 a barrel in June 2014 to near $42 in March on oversupply...

  • LONDON, July 13- Crude oil production data published by the state of North Dakota on Friday contained something for both bulls and bears. The state pumped an average of 1.2 million barrels per day in May, an increase of 32,000 bpd compared with April, according to the Department of Mineral Resources. State output has risen by an average of just 0.2 percent per month...

  • TRENTON, N.D., July 10- One of the largest facilities in North Dakota that loads oil onto railcars laid off 10 percent of its staff this week as it pares operations in an environment of lower oil prices, a source familiar with the company's operations said. Savage Services Corp laid off 12 full-time employees at its 373- acre transloading and pipe logistics...

  • Drillers added oil rigs in two of the four major U.S. shale oil basins- eight rigs in the Permian in West Texas and eastern New Mexico and one in the Niobrara in Colorado and Wyoming- and cut five rigs each in the other two basins- the Eagle Ford in South Texas and the Bakken in North Dakota and Montana. On Friday, crude futures traded between $52 and $54 a barrel in see-saw...

  • WILLISTON, N.D./ HOUSTON, July 9- A handful of optimistic U.S. shale drillers are sticking with plans to deploy more rigs in the coming months even as oil prices take a sharp dive well below many producers' $60- a-barrel breakeven point. On Wednesday, Pioneer Natural Resources Co. became the first big company to publicly confirm it was drilling more wells, saying it had...

  • July 8- U.S. shale exploration and production company Pioneer Natural Resources Co said on Wednesday it is increasing drilling activity in Texas following the sale of its stake in an Eagle Ford shale pipeline and processing business. North Dakota oil producer WPX Energy Inc said last month it would add two drilling rigs later this year, a decision that is...

  • The oil rig count rise of 12 to 640 followed a six-month slump in activity that reduced the number of active rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said in its closely followed report. Drillers added rigs in all of the major U.S. shale oil basins- three in the Eagle Ford in South Texas, two in the...

  • It was the 29th straight weekly decline, bringing the total down to 628, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. In the latest week, drillers removed two rigs in the Permian, the biggest U.S. shale oil play in West Texas and eastern New Mexico, and three in the Bakken centered in North Dakota.

  • June 26- A headless body daubed with Arabic writing was found on Friday at a factory in southeast France owned by Air Products and Chemicals Inc, a U.S.-based industrial gas and chemicals company. *Founded in 1940, the Allentown, Pennsylvania- based company reported $991.7 million in net income on $10.4 billion in sales in its most recent fiscal year.

  • 6. North Dakota Wednesday, 24 Jun 2015 | 4:30 PM ET
    Top States 2015: North Dakota

    Despite falling oil prices, the booming Peace Garden State hasn’t gone quiet. An influx of workers offsets a lack of innovation.

  • June 23- A U.S. judge in Wyoming on Tuesday granted a request by four states and several energy industry groups to temporarily stop new federal rules on hydraulic fracturing on public lands from taking effect on Wednesday. IPAA and the Western Energy Alliance were joined by Colorado, Wyoming, North Dakota and Utah in seeking to stop the new rules from taking...

  • Tired of high state taxes? Maybe it's time to move Tuesday, 23 Jun 2015 | 10:00 AM ET
    Moving van

    A CNBC analysis shows that many states with the highest per capita in taxes are also seeing the most net migration to lower-tax states.

  • OTTAWA/ MONTREAL, June 22- The Canadian government on Monday charged the Montreal Maine& Atlantic Canada Railway Ltd, its affiliate and eight people with violating federal railway safety and environmental laws in connection with a 2013 oil train crash that killed 47 people and flattened the heart of the Quebec village of Lac-Megantic. Canada's transport...

  • OTTAWA, June 22- Charges were brought on Monday in connection with the 2013 oil train crash that killed 47 people and flattened the heart of the Quebec village of Lac-Megantic, the Canadian government said. Montreal Maine& Atlantic Canada Railway Ltd and its affiliate, the Montreal Maine& Atlantic Canada Co., along with Robert Grindrod, chief executive officer of...

  • OTTAWA, June 22- Charges were brought on Monday in connection with the 2013 oil train crash that killed 47 people and flattened the heart of the Quebec village of Lac-Megantic, the Canadian government said. The disaster occurred in July 2013 after a single engineer parked his train for the night on a main line uphill from the small town of Lac-Megantic.

  • BISMARCK, N.D., June 19- OPEC's decision this month to maintain existing oil output will fail to push rival producers out of the market because rising global crude demand should soon lift prices and boost drilling activity, North Dakota Governor Jack Dalrymple said. Since November, the Saudi Arabian-led cartel has held to a policy of unconstrained output, an...

  • Overall, drillers reduced the number of rigs by four this week, oil services company Baker Hughes Inc said in its closely followed report. The number of oil rigs in the Permian, the nation's biggest shale oil field located in West Texas and eastern New Mexico, climbed to 232 this week, up one from the lowest level in at least four years last week, according to Baker...

  • SEOUL, June 19- Oil prices were little changed in thin trade on Friday, with a forecast of higher output by U.S. shale oil producers this year adding to worries over demand and preventing the market from extending the previous session's gains. July crude had lost 5 cents to $60.40 a barrel as of 0428 GMT after closing up 53 cents on Thursday. Brent crude for August...

  • July crude shed 6 cents to $60.39 a barrel as of 0157 GMT after closing up 53 cents in the previous session. Brent crude for August fell 14 cents to $64.12 a barrel, having settled up 39 cents on Thursday. The potential for increased imports to the United States could also pressure U.S. oil prices.