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Bakken oil fields mark billionth barrel of oil

Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.

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New projections show oil production soaring as rigs boost efficiency

Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.

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ND governor calling for more pipelines

Gov. Jack Dalrymple is meeting with industry leaders later this month in Bismarck to push for more oil and gas pipelines in North Dakota.

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Trains full of crude boost US share in refiners’ mix

East Coast refiners are using less imported oil, as trains deliver crude from the prolific Bakken Shale in North Dakota.

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Hillary Clinton weighs in on Keystone XL pipeline

Former U.S. Secretary of State Hillary Rodham Clinton said Monday that the proposed Keystone XL pipeline shouldn’t be seen as a proxy for the relationship between Canada and the United States.

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North Dakota oil production surpasses 1 million barrels per day

North Dakota's oil production surpassed 1 million barrels per day in April for the first time in history, according to preliminary state data released Tuesday.

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Bakken Shale oil explorers told to cut flaring or face punishment

Energy companies that don’t curb so-called gas flaring will face limits on the amount of oil they can pump from the Bakken shale formation, the North Dakota Industrial Commission said in a statement...

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Influence game: Shaping railroad safety rules

Billions of dollars are riding on how oil train safety rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since...

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More Nuggets on the US Energy Boom

I didn’t intentionally seek out these nuggets on  the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if...

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North Dakota’s crude production continues to grow on strength of Bakken,...

Drillers are gaining new insights into the geologies of the Bakken Shale in North Dakota, where production is topping 1 million barrels a day.

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Ending ban on oil exports would mean cheaper gasoline, energy executive says

ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon should crude exports be allowed.

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Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry's notorious business cycle, railroads provided little more than a...

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Enbridge delays N.D. oil pipeline at least a year

Enbridge is trying to build the 612-mile pipeline to carry 225,000 barrels of oil a day through northern Minnesota to a hub in Wisconsin.

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Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58...

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Enterprise abandons Bakken pipeline

The proposed line would have run 1,200 miles from the prolific oilfields of North Dakota to the oil transportation hub in Cushing, Oklahoma.

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Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.

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U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.

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Marathon cuts 2015 capital spending by another $1 billion

The cut is the second the company has made since crude prices began falling last summer.

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TransCanada to seek U.S. approval for $600 million Upland Pipeline

TransCanada Corp.'s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles.

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Fuel-hauling trains could derail at 10 a year

The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing...

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