Incentives Could Be Offered For Natural Gas-Powered Vehicles

Bismarck Tribune By Jessica Holdman North Dakota lawmakers introduced a bill offering incentives for natural gas-powered vehicles and fueling stations in the state. If passed, HB 1446 would set aside $1 million for the biennium for cost sharing on the construction of natural gas fueling stations and $3 million for cost sharing on the conversion […]

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Shale Oil Growth in U.S. Hurts Canadians as Well as OPEC

Bloomberg By Robert Tuttle and Dan Murtaugh OPEC isn’t the only victim of the growth in U.S. shale oil. A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners. Producers in Alberta, home of the country’s […]

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Government Predicts Shale Slowdown as Oil Falls

ABC News By Jonathan Fahey As oil’s long slide continued, the Energy Department forecast Tuesday that production from U.S. shale operators will begin to tail off in the second half of the year. The decline would mark the first such drop in what has been a 6-year boom in U.S. onshore crude production. The price […]

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Rail Shipments of Oil Here to Stay, IHS Finds

UPI By Daniel Graeber CALGARY, Alberta, Dec. 12 (UPI) – More than 10 percent of the oil transported in North American will be carried on the region’s rail system at its peak, analysis from IHS Energy finds. The Organization of Petroleum Exporting Countries finds the world needing less of its crude oil in part because […]

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US Shale to OPEC: We Don’t Care!

Yahoo U.S. oil production could increase next year to levels not seen since the 1970s, despite OPEC’s efforts to muscle out American shale producers. While U.S. oil production is predicted to rise by another million barrels a day during 2015 from the current 9 million barrels a day, forecasts are coming down on expectations that […]

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OPEC Decision Means ‘Pain Train’ For U.S. Oil Industry

 USA Today By Kevin McCoy OPEC’s decision to maintain oil-production levels could threaten financing for some U.S. oil industry expansion and trigger market consolidation in an only-the-strong-survive scenario, economists and analysts said Friday. The Organization of the Petroleum Exporting Countries’ Thanksgiving Day announcement that it would not cut production in response to weaker prices is […]

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The Downside of the Boom

By Deborah Sontag and Robert Gebeloff  WILLISTON, N.D. — In early August 2013, Arlene Skurupey of Blacksburg, Va., got an animated call from the normally taciturn farmer who rents her family land in Billings County, N.D. There had been an accident at the Skurupey 1-9H oil well. “Oh, my gosh, the gold is blowing,” she […]

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Will Low Prices Lead to Consolidation in Shale Industry?

Allentown Morning Call By David Conti of the Pittsburgh Tribune Review The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say. “I do know a couple of companies that are interested in getting out of the basin,” […]

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‘Consolidation’ Might Be the Word For Some Shale Companies

Pittsburgh Tribune-Review By David Conti The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say. “I do know a couple of companies that are interested in getting out of the basin,” Lou D’Amico, president of the […]

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