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ND could lose billions if oil prices persist

December 16, 2014 in Uncategorized

GRAND FORKS — North Dakota stands to lose billions in revenue if oil prices continue to slip, Lt. Gov. Drew Wrigley said Tuesday at a meeting of the Highway 2 West Manufacturers’ Association in Grand Forks.
Under state law, if oil prices fall be…continue reading on thedickinsonpress.com

ND could lose billions if oil prices persist

December 16, 2014 in Uncategorized

GRAND FORKS — North Dakota stands to lose billions in revenue if oil prices continue to slip, Lt. Gov. Drew Wrigley said Tuesday at a meeting of the Highway 2 West Manufacturers’ Association in Grand Forks.
Under state law, if oil prices fall be…continue reading on thedickinsonpress.com

Baker: Oil price drop aside, best is yet to come

December 13, 2014 in Uncategorized

Oil prices are falling. Oil prices, over which we have no control, are the key variable that affects the velocity of the energy industry in our area. But before we get too excited over this change, we need to take a look at where we go from here.
En…continue reading on thedickinsonpress.com

Prices could plateau production: Helms says 2015 could be tough for oil

December 12, 2014 in Uncategorized

BISMARCK — With oil prices on a steep downward slump, 2015 could be a tough year for oil producers, North Dakota’s lead regulator for the industry.
“I started talking months ago about soft oil prices in 2015. I had no idea how soft,” said Ly…continue reading on thedickinsonpress.com

Prices could plateau production: Helms says 2015 could be tough for oil

December 12, 2014 in Uncategorized

BISMARCK — With oil prices on a steep downward slump, 2015 could be a tough year for oil producers, North Dakota’s lead regulator for the industry.
“I started talking months ago about soft oil prices in 2015. I had no idea how soft,” said Ly…continue reading on thedickinsonpress.com

State lawmakers, economists eye falling crude prices

December 6, 2014 in Uncategorized

GRAND FORKS — Falling oil prices are on the minds of many in North Dakota, where the industry has brought unprecedented wealth and state revenue.
And while government officials and economists anticipate some sort of effects, it remains to be seen …continue reading on thedickinsonpress.com

As oil prices fall, ND budget officials mull impact

November 10, 2014 in Uncategorized

FARGO – As North Dakota Gov. Jack Dalrymple works on a budget for the next biennium, he’ll have to assume that less money will be going into state coffers because of falling oil prices.

When the Office of Management and Budget’s advisory com…continue reading on thedickinsonpress.com

As oil prices fall, ND budget officials mull impact

November 10, 2014 in Uncategorized

FARGO – As North Dakota Gov. Jack Dalrymple works on a budget for the next biennium, he’ll have to assume that less money will be going into state coffers because of falling oil prices.

When the Office of Management and Budget’s advisory com…continue reading on thedickinsonpress.com

Bakken production surge boosts Hess quarterly profit

October 29, 2014 in Uncategorized

Oil and gas producer Hess Corp. posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota’s booming Bakken shale formation.
The company said it was watching oil prices closely and may change it…continue reading on thedickinsonpress.com

Bakken production surge boosts Hess quarterly profit

October 29, 2014 in Uncategorized

Oil and gas producer Hess Corp. posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota’s booming Bakken shale formation.
The company said it was watching oil prices closely and may change it…continue reading on thedickinsonpress.com