The new leader of North Dakota’s oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.
(Petroleum News Bakken)
The federal government’s proposed “Waters of the United States” rule is being criticized as “ill-conceived” and many North Dakota officials have submitted comments asking for it to be withdrawn. The proposed rule by the U.S. Environmental Protection Agency, EPA, and the U.S. Army Corps of Engineers includes new and broad definitions of what constitutes waters owned by the federal government and is therefore subject to its regulations.
(The Bismarck Tribune)
With the state treasury flush with billions of dollars in oil money, at least one state lawmaker thinks North Dakotans could better spend the roughly $500 million collected annually from the levy.
North Dakota oil and gas operators claim that pending state rules to condition Bakken crude oil before it is shipped by rail could cost them tens of millions of dollars, imperil pipeline and gas gathering infrastructure and create a jurisdictional clash with federal regulators.
The Democratic-controlled Senate rejected legislation Tuesday aimed at forcing completion of a Canada-to Texas oil pipeline, a massive project at the center of a fierce environmental dispute.
(The Bakken Magazine)
Halliburton Co. and Baker Hughes Inc. announced that Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction—an agreement valued at $34.6 billion. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36 percent of the combined company.