HESS PUTTING BAKKEN CRUDE ON TANKERS

Hess Corp. has contracted with three large crude oil tankers to store 2 million barrels each of Bakken crude oil in May, June and July that will be sold off at a presumed profit in the fourth quarter. Terms of the contract and location of the ships were not disclosed but current rental rates run…

sorum mineral map

LAKE SAKAKAWEA MINERAL GRAB CRITICIZED

The 17 sections in Township 154 North, Range 96 West shown with the purple squares and green dots and the yellow sections are all under water and were privately owned farm land before the US Army Corps of Engineers took the land for flooding from Garrison Dam. The purple squares and green dots represents 17…

BIG CRUDE OIL PRICE JUMPS PROJECTED

Two major Wall Street banks are projecting higher prices for crude oil later this year because of production cuts by OPEC and hundreds of wells shut down in leading oil producing states of Texas and North Dakota. UBS Sees Brent rising to $43 a barrel by the end of the years because of lower prices…

Goodnight Protests Slurry Well

Goodnight Midstream LLC of Dallas, which operates several salt water disposal systems in North Dakota, filed several objections to two proposed slurry well injection wells in McKenzie County. At a public hearing before the ND Industrial Commission, WM of North Dakota Energy Disposal Solutions, LLC last month, detailed its proposed Blue Buttes 1 & 2…

keystone xl us map feature

$8 Billion Keystone XL Starts Up

Backed up with $1.1 billion in funding from the Alberta provincial government, TC Energy Corp. said it was moving forward with the construction of the $8 billion Keystone XL Pipeline that will run from Canada south through three states. The 1,210-miles pipeline will run from Hardisty, Alberta to Steele City, NE with a high volume…