February 4, 2015

 
In This Issue
$1.1B 'surge' funding bill for western N.D. passes Senate...
A new era for water reclamation...
Commissioners approve first reading of West Dickinson plan...
Southwest ND towns to invest millions during 2015 construction projects...
Tighter Regulations on Oil Industry Proposed...
Forecast...
Column - North Dakota oil rigs drop points to U.S. output decline after May: Kemp...
Update 1 - Hess cuts budget by 16 percent, keeps most spending in Bakken...
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$1.1B 'surge' funding bill for western N.D. passes Senate
A $1.1 billion spending bill designed to give oil-impacted cities and counties in western North Dakota a jumpstart on the 2015 construction season was fast-tracked through the Senate on Thursday and is now headed to the House.

 

A new era for water reclamation:  Dickinson facility built to serve the Oil Patch

With more people comes more waste.
Commissioners approve first reading of West Dickinson plan

The Dickinson City Commission unanimously approved the first reading of an ordinance to adopt the West Dickinson Area Plan on Tuesday.

 

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Southwest ND towns to invest millions during 2015 construction projects
   
It may only be February, but southwest North Dakota is ready for another construction season.

Tighter Regulations on Oil Industry Proposed

In the wake of the largest saltwater spill in state history, legislators are looking at more regulations for pipelines and the oil industry.

Forecast:  Oil tax revenue to drop $4B

Legislative leaders remained optimistic about North Dakota's financial position but predicted some difficult decisions ahead in light of a revised forecast Thursday that shows oil and gas tax revenues dropping more than $4 billion over the next two years because of sagging crude prices.

Column - North Dakota oil rigs drop points to U.S. output decline after May: Kemp

The decline in oil drilling that has occurred so far across the United States is probably enough to ensure U.S. production peaks by April or May, though that might not be evident until June or July given delays in publishing production records.


Update 1 - Hess cuts budget by 16 percent, keeps most spending in Bakken

Oil and natural gas producer Hess Corp cut its capital budget by 16 percent on Monday, saying it has balanced concerns about slipping crude prices with growth projects in places like North Dakota crucial to the company's future.