For the first new refinery in the U.S. in seven years, the idea was simple: Buy cheap oil from shale producers, then score a quick profit by selling it right back to them as more expensive diesel needed to power their trucks and drilling rigs.
Xcel Energy said it has started construction on a 200-megawatt windfarm in North Dakota.
James Henrikson will be tried for multiple felony counts of conspiracy, solicitation of murder and murder-for-hire.
Enerplus said it has completed the sale of a number of non-operated interests in North Dakota.
North Dakota's Industrial Commission (NDIC) has established natural gas capture targets in an effort to reduce the amount of flared gas.
Regulators in North Dakota have given approval to a credit system for oil producers collecting more natural gas than required from their wells. The move is a bid to curb flaring, according to reports.
Halliburton has reduced its headcount in North Dakota as the low oil price continues to hit companies. The move comes after it was revealed the US Department of Labour had forced the oilfield service company to pay back more than $18million in unpaid overtime.
Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there. Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on November 28, according to the marketing arm of Plains All American (PAA) Pipeline LP. That’s down 47% from this year’s peak in June, and 29% less than the $70.15 paid for Brent, the global benchmark.