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Energy News Roundup: Good and Bad from Continental, Aramco Invests in GTL...
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad)....
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Environmental Groups Ramp-up the Crude-by-Rail Fight in the Courtroom
Bakken crude producers and midstream transportation companies already experience transportation woes related to inadequate pipeline infrastructure, railroad capacity, tank car supply, rail accidents,...
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Energy Quote of the Day: ‘I Didn’t Expect a 25-year-old Man to Get Beaten to...
For a stark on-the-ground report from Williston, North Dakota – widely considered the hub of Bakken Shale oil & gas development – read this story written by Brooklyn-based freelance journalist...
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Energy Quote of the Day: On Oil Tycoon’s $1 Billion Divorce Settlement
A judge found Continental Resources CEO Harold Hamm owes nearly $1 billion to his wife as a result of their lengthy divorce settlement, one of the largest in US history. Hamm, former Mitt Romney...
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Study Finds no Energy-related Water Contamination in Bakken Region, But…
Oil and gas development in the Williston Basin of North Dakota and Montana has not impacted shallow water resources, according to a new study. However, the age of the groundwater sampled and the sample...
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Increase in Crude Oil Rail Deliveries Reflects Rising Production
The continued increase in rail transportation of U.S. crude oil reflects rising production, which reached 8.5 million bbl/d in June 2014, the highest since July 1986. On December 24, 2014, the Energy...
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Global Crude Supply Leads to Sharp Price Declines
Benchmark crude oil price declines may threaten domestic producers’ continued production growth. On January 5, 2015, the Energy Information Administration (EIA) released a report — drawing from the...
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Energy News Roundup: Energy Markets Surge, Greek-Russia Energy Talks & Risks...
The Dow Jones industrial average rose into positive territory for the year after a difficult stretch for the market last week.”Traders welcomed a government report showing that consumer spending and...
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Energy Quote of the Day: On Shale Drillers in ‘Survival Mode’
If $100 a barrel wasn’t enough to make a shale driller money, imagine what a price 40 percent lower is doing. Not good. According to a Bloomberg Business report, debt is becoming a dangerous burden for...
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