Schweigert, Klemin & McBride, P.C.

Bismarck North Dakota Personal Injury Blog

Judge rules state should not interfere with oil refinery

North Dakota Judge Patrick Ward ruled the state should not be allowed to interfere with the construction of an oil refinery near Theodore Roosevelt National Park in Medora, North Dakota. This could clear the way for the $800 million project to move forward.

High hopes despite lower oil production in June

As May had a record high for oil production in North Dakota this year, it can be difficult to follow it up. Recently, it was confirmed that production went down 2 percent in June as the producers held back activity to focus on maintaining the natural gas limit. Despite the drop, the state still produced a fair amount of oil and capped off at nearly 1.23 million barrels.

Many are unsure of what to think of the oil industry currently due to declining production around the nation and the tariffs on foreign trade. However, many experts in the field are expecting a positive change in prices and production within the upcoming months.

May was a record month for North Dakota oil and gas

Oil and gas production in North Dakota continues to rise throughout 2018. As per usual, production increased as the weather warmed up, but the rates are not just consistent with recent years. May marked the state’s most productive oil and gas month in years.

The state’s production levels hit record highs for both oil and gas in May. The per-day production rate increased by more than 17,000 barrels since the previous record in December 2014.

Oil industry leaders commend the Dakota Access Pipeline

On the one year anniversary, oil industry leaders discussed the controversial pipeline and claimed it as a “game changer for the Bakken.” According to Energy Transfer Partners CEO, Kelcy Warren, the pipeline is running near its capacity at 570,000 barrels of crude oil per day.

Dakota Access began operating on June 1, 2017. In one year, the Bakken’s weighted average price started at $7.41 and dropped to $4.66. It was a $3.05 price improvement from June 2017 to April 2018. The state’s Pipeline Authority Justin Kringstad said there would be an additional $111 million in state tax revenues.

Oil growth continues – watch for injury

Local residents will know that when the warmer months approach, oil pumping gets into full swing.

In a few months, North Dakota could be rolling out more than 1.2 million barrels per day – a recording-breaking figure when you think there are more or less the same amount of rigs compared to a few years ago.

Bakken shale back "in-the-money"

The Bakken region is no stranger to speculation. For years, the region was robust and producing large quantities of oil, before hitting a lull in which many experts and armchair analysts predicted the death (or at least a large-scale rollback) of the region's oil production.

Now, however, as oil hits $70 a barrel, North Dakota's oil wells are again looking like cash cows according to a recent report by Bloomberg.

More pipelines? The price just went up

After less than a year of operation, the Dakota Access Pipeline is nearly full. There is more demand potential for it as the Bakken continues to expand production.

But new pipelines are not in the works for a lot of reasons. A new concern to add to the list is the cost of imported steel, which now has a 25 percent tariff on it.

Oil supply in N.D. dips, but forecast remains optimistic

Prospects for the Bakken oil fields remain positive as 2018’s second quarter nears. As data from North Dakota’s Department of Mineral Resources indicates, an uptick in oil production could be on the horizon after a slight dip in December. This news comes as a boon to an already surging oil industry, which could be on the precipice of a record-setting year.

As the North Dakota oil industry continues to thrive, however, a shortage of employees remains an issue. With a high demand for qualified labor, companies may begin upping their efforts to attract talent. Boosted by an optimistic eye to the future for job growth, North Dakota’s economy could see a particularly prosperous 2018.

Steady growth in the Bakken comeback

It has been a good year for the return of the Bakken oil fields, and 2018 promises to be even better. More importantly, the growth that is coming to North Dakota is a bit slower and steadier, suggesting it will be more broad-based and permanent.

This also means that new employees coming to the region may have more time for proper training in safety and operations, meaning that accidents may not be as common. We are always hoping for a safe and sustainable growth for North Dakota as the Bakken comes back as a key part of the nation’s energy future.

North Dakota listed among oilfield fatality states

A drilling accident last week near Quinton, Oklahoma put rig explosions in the spotlight nationwide. The accident took the lives of five workers.

An Associated Press report appearing in the Bismarck Tribune pointed out that oilfield fatalities over the past decade have not matched on-the-job worker deaths in other industries.

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Schweigert, Klemin & McBride, P.C.
116 North 2nd Street
Bismarck, ND 58501

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