Sentences with phrase «bakken shale»

Apollo Commercial Real Estate Finance Inc., managed by an indirect subsidiary of Apollo Global Management LLC, last quarter recorded a $ 15 million loan - loss provision tied to a mortgage on apartments, rental homes and land in Williston, North Dakota, the epicenter of Bakken shale drilling.

$ 1 million unconventional oil and gas research program, which gathers critical data on the extreme impacts of fossil fuel development in the Marcellus and Bakken shale regions.

The North America oil industry is experiencing explosive growth, with transport of volatile crude oil on rail from Bakken shale fields of Montana and North Dakota increasing more than 2000 percent in just four recent years.

North Dakota's Bakken shale formation is so ethane - rich that leaks and venting from drilling and fracking there was responsible for a spike in ethane levels in the Earth's atmosphere, researchers concluded last year.

Five people are confirmed dead and 40 people remain missing in the small hamlet of Lac - Megantic, Quebec, where a train with 73 carloads full of Bakken shale oil derailed explosively, incinerating 30 buildings on Saturday.

But rather than prepare for a change in our daily doings, such as rebuilding the railroad system or promoting walkable neighborhoods over suburban sprawl, we tell ourselves fairy tales about how the Bakken shale oil play will make America «energy independent» to provide the illusion that we can keep driving to WalMart forever.

In North Dakota, where oil drillers lack the equipment and pipelines to capture the gas that accompanies extraction of crude, the practice of flaring off the methane lights up some areas over the Bakken shale like big cities at night.

The Democratic governor of Missouri, Jay Nixon, announced this week that he favors construction of the Keystone XL pipeline to bring crude from the Canadian oil sands and our own Bakken shale region to refineries along the Gulf Coast.

Just with Bazhenov and Bakken shale coming on stream there is going to be an awful lot fuel to sell around the world, and viable competition is the last thing Exxon, Putin etc will need.

Some of the biggest fossil fuel deposits in North America lie to our East: Powder River Basin coal, Bakken shale oil, and Alberta Tar Sands.

In 2011, FWS filed criminal charges against three companies drilling in North Dakota's Bakken shale formation.

Oil from the Bakken shale formation is one reason why North Dakota has one of the lowest unemployment rates in the nation, at 3.2 percent in June.

Gov. Jack Dalrymple was quoted as saying that the state's «pro-business climate» was one reason for the state's ability to reap the benefits of the new technologies that enabled production from the Bakken shale.

In case you missed it, the oil was being carried from America's new oil patch, the Bakken shale fields of North Dakota, to a St. John, New Brunswick, refinery that, according to the owner, Irving Energy, sends more than half of its 300,000 daily barrels of petroleum products back across the border to the northeastern United States.

The Bakken shale formation stretches from -LSB-...]

In many respects, North Dakota has been the top success story in the U.S. over the past couple of years, thanks to the huge impact of oil and gas development in the Bakken shale formation.

The company does not have assets in the much talked about Bakken shale but has a large presence in the Marcellus share and Utica shale regions.

The growth in oil production in the US has almost entirely resulted from increased production out of Eagle Ford and Bakken shale.

With oil prices now below $ 50 a barrel, I think it's safe to say that TV has missed its chance to come up with a relevant, compelling drama about the Bakken shale boom and the fascinating rush mentality it brought to small cities and towns in North Dakota and eastern Montana.

Yet another train carrying volatile crude oil from the Bakken shale formation in North Dakota derailed yesterday, this time in northwestern Illinois near the historic tourist area of Galena overlooking the Mississippi River.

The proposal is the latest in a series of planned pipelines and expansion projects as a flood of crude from the oil sands and the Bakken shale oil field stretches existing networks.

At first this was not a boom — it took more than five years to develop just 10 wells in North Dakota's Bakken shale formation.

Roosevelt, which lies in the heart of the Bakken shale formation, is surrounded by oil and gas development.

That was the case with several recent derailments involving trains carrying North Dakota Bakken shale crude oil exploding violently.

Until now, that crude has largely been from the Bakken shale region of North Dakota.

Many local towns and cities have expressed opposition to the project, citing the local dangers of pipeline leaks and wider implications of fracking (the oil bound for the Pilgrim Pipeline originates from the Bakken shale in North Dakota, the same deposits that have increased the volume of oil carried by trains and barges through the Hudson Valley to New Jersey refineries).

Another is Harold Hamm, owner of Continental Resources, who opened up the Bakken shale oil fields and supports Republicans.

The boom in unconventional fuels — such as bitumen extracted from Alberta's tar sands and oil extracted from North Dakota's Bakken shale formation by hydraulic fracturing («fracking»)-- has swelled global reserves even as climate scientists issue ever - sterner warnings that burning more than a small fraction of these reserves would be suicidal.

His company, Knightsbridge Risk Management, a private security firm in Dallas that serves the oil and gas industry, is getting calls from companies that want to plan ahead in case they shut down drilling operations in North Dakota and the Bakken shale formation.

Getty Images Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

Protesters have been buoyed by the recent success of Native American groups and environmentalists in their campaign against construction of the 1,100 - mile (1,770 - km) Dakota Access pipeline, a project spearheaded by Energy Transfer Partners (etp) that would carry oil from North Dakota's Bakken shale fields into Texas.

The 1,100 - mile (1770.28 - km) pipeline, being built by a group of companies led by Energy Transfer Partners, would be the first to bring Bakken shale from North Dakota directly to refineries on the U.S. Gulf Coast.

Supporters say it would provide a safer and more cost - effective way to transport Bakken shale to the U.S. Gulf than by road or rail.

Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

Part of the reason for the growing disparity, say energy watchers, is the remarkable productivity of the newly developed Bakken shale oilfields in Montana and North Dakota, which flow into Cushing and other mid-western hubs.

But with Western Canada's oilsands and the newly productive Bakken shale deposits in North Dakota and Montana, energy giants want that new - found crude to flow south, and possibly west, to hungry markets in Asia.

When fully connected to existing lines, the line would be the first to carry crude oil from the Bakken shale directly to the U.S. Gulf.

The companies say the pipeline would carry Bakken shale oil more cheaply and safely from North Dakota to Illinois en route to U.S. Gulf Coast refineries than it could be shipped by railroad or tanker trucks.

The pipeline, being built by a group of companies led by Energy Transfer Partners LP, would be the first to bring Bakken shale from North Dakota directly to refineries on the U.S. Gulf Coast.

The largest oil producer in North Dakota's Bakken shale formation posted a net profit of $ 15 million, or 16 cents per share, in the quarter ended March 31, compared with a loss of $ 87 million, or 96 cents per share, a year earlier.

Not exact matches

For the second consecutive quarter, Continental bested rival Whiting Petroleum Corp to be the largest oil producer in the Bakken, solidifying that crown and its place as one of the most - prolific U.S. shale companies.

The U.S. can produce as much shale oil as it wants, but its Gulf Coast refineries are geared toward heavier kinds of crude that can easily process oil sand bitumen but aren't geared toward the lighter crude coming out of, say North Dakota's Bakken play.

The company's properties in the Bakken oilfields in North Dakota and the gas - rich Marcellus shale in Pennsylvania have proven much more bountiful than first thought, a windfall Dundas attributes to the company's skills upgrade.

Production is growing not just in Canada's oilsands but in the huge Bakken oilfield shared by Saskatchewan and North Dakota, and in the oil shales of the Rocky Mountain states.

American domestic production has been rising since 2006, thanks to innovations in extraction techniques that have enabled producers to get blood from stone in places like the Bakken formation in North Dakota and the Eagle Ford shale bed in Texas.

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

Even production from prolific shale plays like the Bakken, which straddles North Dakota and southeast Saskatchewan, are at risk.

Advances in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom in «unconventionals,» a category that includes the shale gas and «tight» oil found in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.

Most of the shale oil in the Bakken is sweet, or low in sulfur.

The bigger risk for Canada is competition from Appalachia, Bakken and Niobrara shale basins for the lucrative Midwest markets and eventually for Dawn / Toronto when Rover Phase 2 comes online.