U.S. oil firms turn to fracking mixology as crude slides again
WILLISTON, N.D. | BY ERNEST SCHEYDER U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that…
Bakken Expo: Optimism about ND oil future
By Ryan Laughlin, Grand Forks Herald The Bakken is the rock formation that has been known for producible oil reserves in western North Dakota. Today at The Bakken Expo local businesses were optimistic about how business in the Bakken could affect Grand Forks. “We’re just trying to spark up some new customers and see what…
Oil company gives $5 million for housing: teachers, police among those who will benefit
By Amy Dalrymple, Forum Communciations XTO Energy announced Monday a $5 million donation that will help provide affordable housing for teachers, police and other essential personnel in three of the state’s busiest oil communities. The oil company’s contribution to North Dakota’s Housing Incentive Fund will support four housing projects in Williston, Watford City and Killdeer….
Slowdown won’t cause oil bust
By Nick Smith, Bismarck Tribune State officials provided lawmakers with a largely upbeat picture Monday of state revenues and oil production with both holding fairly level despite a recent decline in oil prices and rig activity. The interim Government Finance Committee heard updates on oil production and the status of state revenue collections in the…