Tag: Oil Patch Hotline
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Continental CEO Predicts More Drilling Rig Cuts
From the Oil Patch Hotline Harold Hamm, CEO of Continental Resources, the largest Williston Basin producer, said OPEC and U.S. shale producers should cut crude oil production and shipments into an oversupplied market. U.S. shale producers “need to row our own boat… We need to make sure we don’t oversupply the market,” Hamm told a…
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Montana Judge Will Hear Keystone Lawsuit Oct. 9
U.S. District Judge Brian Morris scheduled a hearing for Oct. 9 from environmental organizations suing to stop construction of the $7 billion Keystone XL Pipeline authorized under a new permit from the Trump administration. “Specifically, this permit reinforces, as should have been clear all along, that the Presidential permit is indeed an exercise of Presidential…
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Pipeline Company Plans Expansion
From the Oil Patch Hotline Because of the critical shortage of outbound crude oil pipelines in Canada, Enbridge Inc. is proposing an expansion of its older Express Pipeline. The current pipeline runs 731 miles from Hardisty, Alberta (through Montana) to Casper, WY, and then connects to the Platte Pipeline. The open season will end Aug.…