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  • North Dakota Petroleum Council - Industry News
    Bakken Interconnect to Prairie Rose Pipeline Complete Alliance Pipeline Press Release Calgary Alberta February 18 2010 Alliance Pipeline ND Map The first dense phase rich natural gas from the Bakken is being transported to the Chicago hub via the Alliance Pipeline system Alliance Pipeline recently completed construction of a new interconnect facility near Bantry North Dakota which connects to Pecan Pipeline s 12 76 mile Prairie Rose Pipeline The new interconnect provides a much needed route to bring natural gas and natural gas liquids NGLs from the Bakken to market While the Bakken is primarily an oil play a significant amount of associated natural gas is also being produced Natural gas is the cleanest burning and environmentally preferred fossil fuel but without pipeline infrastructure in place to move this clean energy to market nearly one third of the resource is being burned or flared as a waste by product in this area The Alliance Pipeline system runs directly through the Williston Basin and is well positioned to transport additional gas via such interconnections Alliance Pipeline currently has the capacity to accept additional gas in the US part of its system As the lead time to build new infrastructure can be many years enhancements to an existing transmission system are the most efficient and economical way to transport natural gas from the Bakken to market Furthermore the Alliance Pipeline system transports rich natural gas which means the NGLs are extracted at the delivery point rather than at the production source reducing processing and transportation costs for producers using the Alliance system by avoiding new plant construction says Murray Birch president and chief executive officer Alliance Pipeline This new interconnection near Bantry North Dakota is the first field receipt point on the US side of the Alliance Pipeline system John Hoeven Governor

    Original URL path: http://www.ndoil.org/news/industry_news/alliance-pipeline-transporting-gas-from-the-bakken/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    s rare if it s ever happened at all in Fargo for execs of a major worldwide oil company that is doing business in North Dakota to sit down and discuss candidly the status of their company and the oil industry in general It was an eye opening educational session The information was especially compelling because it came directly from oil men who are investing billions of dollars in North Dakota s Bakken Formation a deep layer of oil bearing rock that is believed to be one of the potentially richest finds in North America Nearly every North Dakotan knows about the state s oil patch In the past few years exploration and drilling have escalated North Dakota oil production now ranks fourth among the states up from seventh only a few years ago The Marathon executives did not bat an eye when they said they expected production to continue to rise slowed only by the social and industrial infrastructure s capacity to keep up The meeting in Fargo was important for several reasons First cities like Fargo have humming economies that can seem detached from the West s oil economy In some sense that detachment is real For example Fargo and the other cities of the Red River Valley are the major sources of non oil revenues mostly generated by sales tax But the importance of the oil economy to the entire state cannot be minimized Marathon one of several players in the oil patch made an effort to engage civic and business leaders from the East with the oil progress of the West Second Marathon and other companies are betting billions in North Dakota because they understand the potential They are in the business to make a buck and believe they can do exactly that in North Dakota

    Original URL path: http://www.ndoil.org/news/industry_news/forum-editorial-marathon-is-serious-about-north-dakota/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    2010 http governor nd gov media news releases 2010 01 100113b html Read the tax agreement extension PDF version For further information please Contact the Governor s Office BISMARCK N D Gov John Hoeven and Three Affiliated Tribes Chairman Marcus D Levings today signed a continuation of the State Tribal Oil and Gas Tax Agreement created to spur the production of oil and gas on the Fort Berthold Reservation The signing took place during a ceremony held at the Three Affiliated Tribes administrative headquarters in New Town The initial agreement was signed by the Governor and Chairman in June 2008 to streamline the current two tax system into one and stimulate business activity for the tribes After two years of increased oil and gas exploration and development on the reservation the agreement will be continued indefinitely as a result of today s signing This agreement has helped open the doors to oil and gas exploration on the Fort Berthold Reservation resulting in increased activity and revenue for the state and the tribes said Hoeven This increased activity will help provide economic development jobs and revenue for the Three Affiliated Tribes and its members Thank you to Chairman Levings the Tribal Council state legislators and everyone who helped make this historic agreement and its continuation possible Before the agreement only one well existed on trust land Since the agreement 160 new wells have been established on the Fort Berthold Reservation with 40 of those new wells located on trust lands The new wells have produced more than 1 4 million barrels of oil averaging about 6 200 barrels per day The agreement has generated more than 18 million for the tribes and the state Through this present agreement both the tribe and the state are able to work together to provide

    Original URL path: http://www.ndoil.org/news/industry_news/hoeven-levings-sign-continuance-of-state-tribal-oilgas-tax-agreement/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    said the first shipment from its new terminal in northwestern North Dakota is due in Oklahoma on Monday after a four day trip The company has said the terminal near Stanley is capable of loading 60 000 barrels of oil onto one 100 car unit train each day Crude from North Dakota s oil patch will be unloaded in Stroud Okla and sent through a new 17 mile pipeline to a terminal in Cushing Okla the company said in a statement EOG officials did not immediately return telephone calls Monday The company s statement said the North Dakota loading facility will employ up to 45 people and the unloading facility in Stroud Okla will have about 35 workers Crude from the rich Bakken shale formation in the western part of the state now is discounted more than 10 per barrel because of difficulty in getting the oil to market said Lynn Helms director of the state Department of Mineral Resources EOG s new rail facility along with Enbridge Pipeline North Dakota LLC s pipeline expansion project that went on line last week will increase the shipping capacity by about 110 000 barrels daily Helms said The state is producing about 250 000 barrels each day he said North Dakota sweet crude was fetching 68 63 on Monday about 12 less per barrel sold on the New York Mercantile Exchange Helms said EOG s new rail facility combined with Enbridge Pipeline s expansion should have an immediate affect on North Dakota crude prices We should see that improve by 3 to 4 a barrel which is good news for everybody Helms said This takes a major risk factor out of Bakken drilling economics Helms said EOG is the biggest player in North Dakota s oil patch at present He said the

    Original URL path: http://www.ndoil.org/news/industry_news/new-rail-facility-moving-nd-oil-to-oklahoma/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    News Industry News First train with EOG Resources Bakken crude oil departs Stanley ND for Oklahoma Posted 12 31 09 Thu EOG Resources Inc Press Release December 31 2009 STANLEY The first train to transport crude oil for EOG Resources Inc and its subsidiary companies EOG departed from Stanley North Dakota on December 31 2009 at 9 15 a m Central Time for the approximate four day trip to Stroud Okla where it will be unloaded and transported to market via a new 17 mile pipeline to a terminal in Cushing Okla EOG began constructing the loading facilities in Stanley the unloading facilities in Stroud and the pipeline from Stroud to Cushing during the second quarter 2009 EOG contracted Watco Companies Inc to supply labor and transportation logistics services to both facilities EOG owns and operates both sites and the connecting pipelines Once the loading facility in Stanley is in full operation it will employ approximately 35 to 45 people The Stroud unloading facility will eventually employ approximately 35 personnel Because current crude oil production in North Dakota exceeds the existing pipeline takeaway capacity EOG developed the crude by rail concept and agreed to a strategic transportation arrangement with BNSF Railway The initial target for EOG s rail system is one unit train per day with a maximum capacity of 60 000 gross barrels of oil per train although initial shipments may be less frequent This alternative means of transportation to end markets reflects EOG s expectation that its Bakken production will continue to grow for many years As EOG further evaluates both its transportation needs and the business plan for this private rail facility it may consider the purchase of third party crude oil to augment the EOG volumes being shipped via train EOG was the second largest crude

    Original URL path: http://www.ndoil.org/news/industry_news/first-train-with-eog-resources-bakken-crude-oil-departs-stanley-nd-for-oklahoma/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Industry News Industry News ND natural gas pipeline nears completion Posted 12 31 09 Thu By JAMES MacPHERSON Associated Press Writer Wednesday December 30 2009 Bismarck Tribune BISMARCK N D AP A mid January completion date is slated for a 45 million pipeline that will feed North Dakota natural gas into an existing line that moves the gas to Chicago The Prairie Rose Pipeline will transport some natural gas from the state s oil patch that is being flared said Justin Kringstad director of the North Dakota Pipeline Authority Pecan Pipeline North Dakota Inc a subsidiary of EOG Resources Inc of Houston will transport natural gas about 75 miles from Palermo to Towner It will hook up with Alliance Pipeline Ltd s pipeline a 2 300 mile pipeline system that extends from western Canada to the Chicago hub where the gas is sold to Midwest and East Coast markets EOG spokeswoman Elizabeth Ivers said the 12 inch pipeline initially will transport about 40 million cubic feet of natural gas from North Dakota s oil patch The capacity will double by the end of 2010 she said Kringstad said 80 million cubic feet of natural gas is worth about 465 000 at current prices and is enough to heat about 338 000 homes In 2008 nearly one third of natural gas produced in North Dakota was flared as an unmarketable byproduct of oil production The 26 billion cubic feet of natural gas that went up in smoke was about twice the annual gas consumption of the state State and industry officials say the amount of gas flared has decreased from 25 percent of total production to 11 percent in the past few months as the capacity has increased at processing plants in the state and as pipelines are being built Less

    Original URL path: http://www.ndoil.org/news/industry_news/nd-natural-gas-pipeline-nears-completion/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Home News Center Industry News Industry News Pipeline upgrade set for completion this week Posted 12 29 09 Tue By JAMES MacPHERSON Associated Press Writer BISMARCK N D December 28 2009 AP Bismarck Tribune A pipeline company s project to carry more crude oil from western North Dakota and eastern Montana is set to be completed Friday state and industry officials said Enbridge Pipeline North Dakota LLC has upgraded 11 pumping stations in North Dakota along a pipeline that runs from northwestern North Dakota to Clearbrook Minn said Justin Kringstad director of the North Dakota Pipeline Authority The expansion will increase pipeline capacity from 110 000 barrels per day to 161 600 barrels per day Kringstad said More horsepower was done at the pump stations to push more product through Kringstad said Enbridge officials did not immediately return telephone calls Monday The company announced the expansion in 2007 and have pegged the price of the project at 120 million Because of the increased distances to market North Dakota sweet crude generally fetches about 10 percent less than a barrel produced elsewhere and sold on the New York Mercantile Exchange North Dakota has only one oil refinery the Tesoro Corp plant near Mandan The state s current production is more than 240 000 barrels daily and accounts for about 2 percent of total U S crude oil production Officials estimate North Dakota could hit 350 000 barrels of oil daily by late 2011 if crude prices hold North Dakota s oil patch is projected to produce about 80 million barrels of oil in 2009 up from a record 62 8 million barrels last year Kringstad said Enbridge has more than doubled its capacity for moving North Dakota crude since 2007 Ron Ness president of the North Dakota Petroleum Council said Enbridge

    Original URL path: http://www.ndoil.org/news/industry_news/pipeline-upgrade-set-for-completion-this-week/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    director of the state Department of Mineral Resources Final production numbers won t be known until sometime in the first quarter of 2010 We are rocking along Helms said It s a much better year than we expected earlier in the year It adds up fast when you re pumping out more than 240 000 barrels a day North Dakota has risen from being the ninth largest oil producing state in 2006 to No 4 this year But a year ago industry officials believed that the production pinnacle had been reached in the state s oil patch Rigs were being idled due to a harsh winter combined with slipping crude prices and a slumping U S economy This time last year North Dakota sweet crude was fetching less than 30 a barrel a five year low after a record 136 29 in July It was a very bad drop to 27 11 a barrel Helms said That s what brought the rigs down North Dakota sweet crude has averaged more than 62 a barrel this December Helms said Industry officials say oil prices of at least 50 a barrel keeps the investment climate strong in North Dakota and rigs working There are 79 rigs working at present in North Dakota down from 86 at the same time last year Helms said The difference is we have 79 rigs and rising and last year we had 86 but dropping Helms said Rig counts dropped to about 30 early this year but have rebounded with the price of crude The rig count was drastically cut through May said Ron Ness president of the North Dakota Petroleum Council whose group represents about 160 companies The good news is most of them are back Each active oil rig represents about 40 direct jobs and

    Original URL path: http://www.ndoil.org/news/industry_news/north-dakota-oil-patch-posts-record-production/ (2016-05-01)
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