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U.S. crude oil, natgas reserves both rose over 9 percent in 2013

December 4, 2014 in Uncategorized

Proven crude oil and lease-condensate reserves in the United States increased 9.3 percent to 36.5 billion barrels in 2013, up from 33.4 billion barrels in 2012, the U.S. Energy Information Administration said in a report Thursday.

That was the fif…continue reading on thedickinsonpress.com

U.S. crude oil, natgas reserves both rose over 9 percent in 2013

December 4, 2014 in Uncategorized

Proven crude oil and lease-condensate reserves in the United States increased 9.3 percent to 36.5 billion barrels in 2013, up from 33.4 billion barrels in 2012, the U.S. Energy Information Administration said in a report Thursday.

That was the fif…continue reading on thedickinsonpress.com

EIA chief: Oil prices would hit $150 a barrel without US shale

September 24, 2014 in Uncategorized

WASHINGTON — If U.S.-led attacks knock out oil fields controlled by Islamic State militants, petroleum from the American drilling boom could make up for any shortfall on global markets, a report released by a Republican senator said on Wednesday.
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Kemp: Rising stocks reflect overpriced US crude

April 30, 2014 in Uncategorized

U.S. crude stocks held by refiners, traders and pipeline companies have hit the highest level since the Great Depression, as refiners hold out for cheaper prices before they take in more domestic oil.
Stocks rose 3.5 million barrels last week to alm…continue reading on thedickinsonpress.com

Kemp: Rising stocks reflect overpriced US crude

April 30, 2014 in Uncategorized

U.S. crude stocks held by refiners, traders and pipeline companies have hit the highest level since the Great Depression, as refiners hold out for cheaper prices before they take in more domestic oil.
Stocks rose 3.5 million barrels last week to alm…continue reading on thedickinsonpress.com

Feds push proper testing of crude oil for shipment: PHMSA conducting outreach workshops in North Dakota

February 26, 2014 in Uncategorized

MINOT — Federal officials emphasized the importance of testing crude oil Wednesday during a workshop here, while investigators from the same agency continue inspections to determine if Bakken crude oil is being properly classified.
The Pipeline &a…continue reading on thedickinsonpress.com

Feds push proper testing of crude oil for shipment: PHMSA conducting outreach workshops in North Dakota

February 26, 2014 in Uncategorized

MINOT — Federal officials emphasized the importance of testing crude oil Wednesday during a workshop here, while investigators from the same agency continue inspections to determine if Bakken crude oil is being properly classified.
The Pipeline &a…continue reading on thedickinsonpress.com

U.S. oil sinks to lowest since July on inventory rise

October 23, 2013 in The Dickinson Press

LONDON – U.S. crude fell towards $96 a barrel to its lowest since July on Wednesday, outpacing a smaller drop in Brent futures, pressured by ample supplies and a further inventory build-up in the United States, the world’s top consumer.
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Brent rises, U.S. oil recoups losses after pipeline resumes

October 7, 2013 in The Dickinson Press

NEW YORK – Crude oil futures on both sides of the Atlantic pared losses on Monday after a sharp drop in earlier trade, following a report that a key pipeline delivering crude oil from Cushing, Oklahoma, had resumed shipping after an earlier outage. Continue Reading

N.D. oil drillers taking steep discounts for crude

March 1, 2012 in Grand Forks Herald

The Energy Department says North Dakota oil drillers are taking deep price cuts compared to other U.S. crude because production is outpacing the ability to efficiently move product to market. State Mineral Resources Director Lynn Helms says North Dakota oil drillers continue to be on pace for a record year, despite the steep price cuts. Continue Reading