Top News & Analysis North Dakota

  • HOUSTON, June 19- U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named. The project, called Bluewater Texas Terminal LLC, signals another major expansion of its logistics...

  • NEW YORK, June 13- It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive. Alta Mesa Resources Inc, which turned a $3.8 billion investment in the oilfield into under $30 million in just...

  • June 12- North Dakota, home to the second-largest U.S. shale producing basin, has invested in a startup company that is proposing to develop new markets for shale gas and reduce unwanted burning of natural gas. North Dakota's government, in an unusual move, said it would invest $200,000 in natural gas infrastructure company Bakken Midstream Natural Gas LLC at a...

  • WELLS FARGO TREASURER SAYS BANK SEES NET INTEREST INCOME AT THE LOWER END OF PREVIOUSLY GUIDED DOWN 2-5% RANGE.

  • The proposed settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California, and requires a judge's approval. Wells Fargo denied wrongdoing but said it settled to avoid the risks, cost and distraction of litigation, and has set aside enough money for the payout. In April 2018, Wells Fargo agreed to pay $1 billion to the Consumer...

  • Wells Fargo denied wrongdoing but settled to avoid the risks, cost and distraction of litigation, court papers show. Wells Fargo has been beset since September 2016 by a series of scandals over how it treats customers, including wrongly charging an estimated 600,000 auto loan borrowers for insurance. 1/ 8 nL2N1X51T4 3/ 4. In April 2018, Wells Fargo agreed to pay $1...

  • June 6- Wells Fargo& Co said on Thursday that it had appointed Deutsche Bank's Kate Clifford-Toomey to be chief operating officer for corporate risk. Clifford-Toomey joins the risk management team, led by Chief Risk Officer Mandy Norton, at a time when the bank is working to overhaul its risk management procedures to satisfy regulator demands.

  • HOUSTON, June 4- Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions. Producers burned or vented 661 million cubic feet per day in the Permian Basin of West Texas and eastern New Mexico, the field...

  • May 31- U.S. crude oil production rose 241,000 barrels per day, or 2.1 percent, in March to 11.905 million bpd, just below its record high, the Energy Information Administration said in its monthly 914 production report on Friday. Most of the increase came from the federal offshore Gulf of Mexico, which rose 11.1% to 1.907 million bpd, and North Dakota, which gained...

  • May 31- U.S. crude oil production rose 241,000 barrels per day, or 2.1 percent, in March to 11.905 million bpd versus a revised 11.664 million bpd in February, the U.S. Energy Information Administration said in its monthly 914 production report on Friday. Most of the increase came from the federal offshore Gulf of Mexico, which rose 11.1% to 1.907 million bpd, and...

  • WELLS FARGO CEO SAYS ONGOING REGULATORY PROBES SHOULD NOT IMPACT CCAR RESULTS.

  • WASHINGTON, May 29- A Montana tribe this week blasted the Trump administration for seeking to overturn an Obama-era moratorium on federal coal leasing without consulting it, saying the move violated its treaty rights and would have major impacts on its land. Pena's letter came in reaction to a draft environmental assessment by the Interior Department's...

  • WASHINGTON/ CHICAGO, May 21- The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world's top soybean importer, and for the second year in a...

  • CHICAGO, May 21- JPMorgan Chase& Co said on Tuesday that only 72% of shareholder votes approved its executive compensation packages, marking unusual opposition to pay for the bank's top leaders. The votes were taken at the bank's annual shareholder meeting at its offices in Chicago. Around 29% of shareholder votes supported a proposal asking for more details on...

  • CHICAGO, May 21- JPMorgan Chase& Co said on Tuesday that only 72 percent of shareholder votes approved its executive compensation packages, marking a rare instance of criticism over the bank's top leaders pay. The votes were taken at the bank's annual shareholder meeting at its offices in Chicago. Around 29 percent of shareholder votes supported a proposal...

  • WASHINGTON, May 21- From submitting their fingerprints to giving up their tax records, Wells Fargo& Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials. Comptroller of the Currency Joseph Otting said last week he would invoke a little-known law to review Wells Fargo's board pick to replace Tim Sloan,...

  • WASHINGTON, May 15- A top U.S. bank regulator said on Wednesday it will vet Wells Fargo& Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency, told Congress he would use special legal powers that the regulator...

  • WASHINGTON, May 15- A top U.S. bank regulator said on Wednesday it will vet Wells Fargo& Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency, told Congress he would use special legal powers that the regulator...

  • Wells Fargo declined to comment on the search process. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million- $20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC.

  • May 8- Wells Fargo& Co is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters. Derek Flowers, who has been with the San Francisco- based bank for more than two decades, will become head of strategic execution and operations and will focus on the bank's regulatory priorities, said the memo, sent by...