North Dakota Pipeline Spill Cleanup Still Ongoing
Roughly a third of the more than 3,000 barrels of oil that spilled into a North Dakota creek following a pipeline leak last week has been recovered, a local official said on Tuesday. An estimated 4,200 barrels of oil leaked from the Belle Fourche Pipeline on a hill just above the Ash Coulee Creek, and an estimated 3,100 barrels made it into the water, said Bill Seuss, a program manager for the North Dakota Department of Health.
North Dakota Oil Producers Aim to Cut Radioactive Waste Bills
North Dakota's oil industry is pushing to change the state's radioactive waste disposal laws as part of a broad effort to conserve cash as oil prices tumble. The waste, which becomes slightly radioactive as part of the hydraulic fracturing process that churns up isotopes locked underground, must be trucked out of state. That's because rules prohibit North Dakota landfills from accepting anything but miniscule amounts of radiation.
Dalrymple's Budget Weighs on Oil Price Rebound
North Dakota Governor Jack Dalrymple proposed a two-year state budget on Wednesday that forecasts rebounding oil prices and a 23 percent jump in oil taxes, a tacit bet the state's energy boom will continue unabated. Oil prices have dropped more than 30 percent since June amidst global oversupply and demand concerns. Last week OPEC opted not to cut its oil production…
Brent Crude Hits New 14-month Low
Brent crude oil shed nearly $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. "You had a very solid run-up on Friday, probably related to geopolitical risk going into the weekend, and you have a hangover (Monday) because of that…
