What we do with our business plans during times of the low oil prices as is happening now is how we can prepare ourselves for the inevitable upswing in the market when it comes. We can’t control commodity prices along with supply and demand but what you can do is prepare for the inevitable upswing in the market … Read More...
In this downturn concerning the bottom dollar of many oil and gas companies there is always the worry of how the viability of the company will be handled. The result of budgeting and business management to keep a company in the positive often leads to taking a very close look at business procedures. Most companies will find a … Read More...
After the Meadowlark Midstream pipeline spill reported January 6, 2015 near Williston that leaked nearly 3 million gallons of brine near Blacktail Creek and contaminated waterways the North Dakota Public Service Commission has approved two separate pipeline projects for them. This was after Meadowlark Midstream provided assurances concerning improvements to leak detection systems along with improving surveillance of … Read More...
Members of the Lax Kw’alaams first nations band voted No and oppose the plan to build a liquefied natural gas pipeline and terminal in their territory. This decision could reach distant shores where investors are poised to decide if they will commit tens of billions of dollars to building an LNG industry in British Columbia.
The 3,600 members … Read More...
No injuries have been reported from the derailment of a BNSF train near Heimdal, North Dakota although nearby residents were evacuated from their homes and were later allowed to return. The Wells County Sheriff’s Office confirmed a BNSF train left the tracks near Heimdal at around 7.30 a.m. and burst into flames after derailing. The fire was … Read More...
With the decline in the price of LNG declining so much this does have some added benefits for the vessels that run on LNG as a fuel that are the link between buyers and sellers of the gas.
I guess it is the good and bad of it all as the cost to transport the LNG is lower … Read More...
The train derailment this Monday, Feb. 16, 2015 in Fayette County as shown by the following video provided by WCHS-TV is another devastating accident concerning the transportation of crude oil.
This crude oil was coming from The Bakken in North Dakota which has a higher gas content and higher vapor pressure along with a lower flash point that … Read More...
One of the biggest issues concerning the oil boom in North Dakota is impact of fracking on the environment. While it is very clear that the economies in towns where there is an oil boom are also growing tremendously, the reality is no one is certain what kind of damage or the extent of environmental damage the industry … Read More...
The boom in the oil industry has caused a shortage in housing in North Dakota. The result? In the last few years, home prices have surged. In 2013, homes in North Dakota sold for over $200,000, up from the average price of just over $160,000 in 2011.
It is not just the houses that have become more expensive; … Read More...
