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Oil Investors Are Flocking To North Dakota Looking For A 'Bargain'
Wednesday, June 8, 2016 - 9:22am | 319Read More...According to the Wall Street Journal, oil investors looking for a bargain are acquiring oil and gas wells from struggling operators in North Dakota. Or, as the Wall Street Journal described it, the "vultures are descending on North Dakota" at a time when producers are scaling back production or...
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Latest Derailment Draws New Attention to Amount of Oil Now Transported by Train
Monday, November 11, 2013 - 5:08pm | 460Read More...Another major accident involving a train carrying crude oil from North Dakota is drawing attention to the vulnerabilities of transporting oil by rail. Officials are still trying to determine what caused a 90-car train, reportedly carrying 2.7 million gallons of crude oil, to derail and explode...
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How to Profit From America's Saudi Arabia
Wednesday, January 11, 2012 - 12:53pm | 877Read More...Admittedly, that headline is hyperbole, but the fact is North Dakota's oil production is rising at an impressive clip. On Tuesday, the state's Industrial Commission said oil producers operating there pumped an average of 510,000 barrels per day in November 2011. That's up from 360,000 barrels per...
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Michigan Adds New Fracking Regulations
Thursday, May 26, 2011 - 2:30pm | 262Read More...The promise of energy independence has resulted in a natural gas boom across the nation. New technologies in hydraulic fracturing have allowed energy companies to drill into the various shale formations in the Northeast. The hydraulic fracturing process, which pumps water into wells at great...
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Marathon Oil Earnings Preview: 1Q Sales and Profits Expected to Surge (MRO)
Monday, May 2, 2011 - 4:27pm | 216Read More...Marathon Oil (NYSE: MRO) is on tap to report first-quarter 2011 earnings tomorrow morning, May 3. Analysts expect the company to announce that per-share earnings rose 69.4% from a year ago to $1.44. Note that the consensus estimate was $1.08 just 60 days ago. Revenue for the quarter is expected to...
