Prospects for striking oil in paying quantities are so bright out at the Des Lacs Western oil well on the Blum farm near Des Lacs, that all stock was taken off the market the first of the week, with the exception of[...]
Curio |
Tag: Oil & Gas
Commentary |
US oil industry doesn’t see profit in Trump’s ‘pro-petroleum’ moves
As the Trump administration makes announcement after announcement about its efforts to promote the U.S. fossil fuel industry, the industry isn’t exactly jumping at new opportunities. Some high-profile oil and gas industry leaders and organizations have objected to changes to long-standing government[...]
News |
State-owned minerals projected to generate $8 billion in future royalty payments
State-owned minerals are projected to generate $8.4 billion in future oil and gas royalties over the life of North Dakota oil production, benefiting K-12 education, according to an annual analysis. The projected royalties’ benefit to the Common Schools Trust Fund, as well[...]
News |
EIA forecasts U.S. crude oil production will decrease slightly in 2026
After four straight years of growth, U.S. oil production may be nearing a plateau. A new federal outlook projects a modest dip in crude output in 2026, even as production remains near record levels. The forecast points to slowing momentum outside a[...]
Curio |
On This Day | 1956 Oil Production
THE STATE INDUSTRIAL commission has pegged December oil production in North Dakota at 36,699 barrels a day, based on anticipated market demand. November’s production quota was 34,699 barrels a day. Market demand in December [...]Read More... from On This Day | 1956[...]
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News |
Targa Badlands LLC faced with $500,000 fine for Clean Air Act violation over Johnson Compressor Station issue
Targa Badlands LLC has been sentenced after failing to install required monitoring systems at its Dunn County compressor station, a lapse that regulators say could have allowed more hazardous air pollutants into the environment. The penalty includes probation, community service benefiting the[...]
Curio |
On This Day | News of 1941
Fargo’s parking meters went into operation recently. Installed in the business district, the meters are expected to provide better parking conditions in the city. Charge to car owners is five cents per hour. Regulations [...]Read More... from On This Day | News[...]
Curio |
On This Day | The Price of a North Dakota Barrel and Area Prospecting
In a move prompted by price cuts on competing crude oils, Indiana Oil Purchasing Company announced a reduction of 20 cents per barrel in the price it offers for North Dakota crude, effective at [...]Read More... from On This Day | The[...]
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On This Day | Hang On for 32 More Years!
We wish to advise our friends who have purchased stock from us to hang on. The average stockholder went into this, win or lose, and for the purpose of assisting in making a thorough [...]Read More... from On This Day | Hang[...]
News Release |
ND Industrial Commission approves $45 million in oil and gas grants
BISMARCK, N.D. – The North Dakota Industrial Commission, comprised of Gov. Kelly Armstrong, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved $45.1 million in matching grants during its 62nd grant round of the Oil and Gas Research Program. The Oil[...]
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News |
Trump administration finalizes plan to open pristine Alaska wildlife refuge to oil and gas drilling
The Trump administration has cleared the way for oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, reigniting one of the country’s longest-running environmental battles. The 1.5-million-acre coastal plain—sacred to the Gwich’in and home to the Porcupine caribou herd—will be opened[...]
News |
US ‘ready’ to replace Russian oil, gas supplies to Europe, Zelensky claims
Ukraine’s president says Europe may soon have a new energy partner. In his latest address, Volodymyr Zelensky claimed the United States is ready to supply “as much gas and oil as needed” to replace Russian imports. The pledge, if confirmed, would mark[...]
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On This Day | Minot Oil Progress Week
NOW THEREFORE, I, H. C. Kiehn, Mayor of Minot, do hereby proclaim the week of October 16th to 22nd, inclusive to be MINOT OIL PROGRESS WEEK and to direct the attention of our citizens [...]Read More... from On This Day | Minot[...]
News |
EIA adjusts forecast for U.S. oil production as producers set a record in July 2025
America’s oil fields are running at full tilt again. According to the U.S. Energy Information Administration, domestic crude production hit a record 13.6 million barrels per day in July—enough to nudge forecasts higher through 2026. Yet even as output climbs, global inventories[...]
News |
OPEC+ to increase oil production in November
Oil producers are keeping a steady hand on the tiller. Members of the OPEC+ alliance agreed to another modest increase—137,000 barrels a day in November—matching last month’s bump. The move signals confidence in a stable global economy and “healthy market fundamentals,” though[...]
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On This Day | Oil Exploration Yields New Field
A massive new oil field, discovered in northwestern North Dakota, has had geologists expressing favorable opinions over the state. [...]Read More... from On This Day | Oil Exploration Yields New Field