ForbesWhy Oil Could Pop Up To $70 In The Mid TermForbesThere is a similar phenomenon playing out in the oil sands of Canada, and indeed anywhere that there has been an investment already made in extraction: These wells can and will be made to produce oil at substantially below the all-in cost of that ...

Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in the Bakken shale oilfields in North Dakota and Montana.

ForbesOil Billionaires Hit The Bargaining Table As Kinder Morgan Pays $3B For Harold ...ForbesPlummeting commodity prices have started to take a bite out of the U.S. oil patch, but even with no imminent end to the pain in sight, the value hunters are emerging. Companies like Schlumberger Schlumberger, Halliburton Halliburton and Baker Hughes ...Oil tycoon Harold Hamm sells company for $3 billionKinder Morgan to Buy Oil Pipeline Company From Harold Hamm for $3 BillionOil Tycoon Harold Hamm Is Selling $3...

** Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it would enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Harold Hamm. ** Indian wind turbine manufacturer Suzlon has agreed to sell its German unit Senvion SE to Centerbridge Partners LP for 1 billion euros in an all-cash deal, it said on Thursday.

Reason (blog)Obama: America is No. 1 producer of oil, gasPolitiFactThe United States is on top of the world in terms of energy production, President Barack Obama said during his sixth State of the Union. "We believed we could reduce our dependence on foreign oil and protect our planet," he said during his Jan. 20 address.Obama Claims U.S. "Free from the Grip of Foreign Oil" - No Thanks to Him

CBS NewsYellowstone River spill: Oil detected in water suppliesCBS NewsGLENDIVE, Mont. -- Truckloads of drinking water were being shipped to the eastern Montana city of Glendive on Monday after traces from a major oil spill along the Yellowstone River were detected in public water supplies, raising concerns about a ...Up to 50000 gallons of oil spilled in Yellowstone River; residents told not to ...Oil spill forces drinking water to be trucked into Montana townDrinking water trucked into Montana city after...

Fox NewsOil spill forces drinking water to be trucked into Montana townFox NewsPreliminary tests at the city's water treatment plant indicated that at least some oil got into a water supply intake along the river, according to state and federal officials. About 6,000 people are served by the intake, Glendive Mayor Jerry Jimison said.Up to 50000 gallons of oil spilled in Yellowstone River; residents told not to ...Drinking water trucked into Montana city after oil spillPipeline breach spills oil into...

Crushing The U.S. Energy Export Dream

Published - Jan 20, 2015

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time.  Exporting gas is dumb. Exporting oil is dumber. The U.S. imports almost half of the crude oil that we use. We import 7.5 million barrels per day. The chart below shows the EIA prediction that production will slowly fall and imports will rise (AEO 2014) after 2016.This means that the U.S. will never be self-sufficient in oil. Not even close. What...

South Texas Oil Field Crash Kills Five

Published - Jan 20, 2015

In this 2011 photo, Austin Mitchell walks away from an oil derrick outside of Williston, N.D. Credit: AP PHOTO/GREGORY BULL, FILE Five oil field workers died Thursday after their van crashed into a crude oil tanker truck, causing the truck to burst into flames. The crash occurred in Dimmit County around 7 a.m. Central Time, when the oil tanker truck rolled onto its side after swerving to avoid a pickup truck. The van carrying the men and one other vehicle...

Lobbyists are mobilizing to advance it. Environmentalists are mobilizing to stop it. The newly-elected Republican House has already voted to approve it. So has the newly elected Republican Senate. Obama has threatened a veto. The media are having a field day. What’s so important about Keystone XL?Well nothing, really. Keystone XL is basically just another pipeline; a little longer and larger than most, but not unusually so, and it goes nowhere pipelines don’t already go. All it does is increase...

BloombergOPEC's Future Seen in Mining Slump as Oil Price PummeledBloombergThe Organization of Petroleum Exporting Countries, which pumps about 40 percent of the world's oil, agreed to maintain its production target at 30 million barrels a day at a Nov. 27 meeting in Vienna. The group is wagering that U.S. shale drillers will ...

Bakken Data Continues To Confound

Published - Jan 19, 2015

The North Dakota Industrial Commission is out with the Bakken November Production Data and the North Dakota Production Data.Bakken production was up 5,293 BP/D while total North Dakota was up 3,691 BP/D. Total North Dakota oil production is up 901 barrels per day from two months ago, October production.Total wells producing was up by 110 in the Bakken but only up by 63 in North Dakota. That means a lot of conventional wells were shut down.Related: Are The Bakken’s Sweet...