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Analysis: Could oil prices drop as low as $20 per barrel?

How low can it go — and how long will it last? The 50 percent slump in oil prices raises both those questions and while nobody can confidently answer the first question (I will try to in a moment), the second is pretty easy.

Latest plan to build worker camp in Fryburg, ND, postponed

Latest plan to build worker camp in Fryburg, ND, postponed

MEDORA, N.D. — The latest proposal to turn an old school in Fryburg into a crew camp has been tabled by the Billings County Zoning Board.

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Minn. power company tells federal commission about rail delivery concerns

WASHINGTON – A Minnesota power company official told the Federal Energy Regulatory Commission on Thursday that they had substantial railroad coal delivery problems this past year, and although stockpiles have recovered as of this month, they still have concerns.

Group circulates petition for audit of ND agencies’ oil industry oversight

BISMARCK – The Dakota Resource Council is gathering petition signatures with hopes of convincing state lawmakers to order a performance audit of two state agencies over what the group claims is their failure to enforce laws and rules regarding oilfield practices.

Minn. PUC decision sparks protest at governor’s office

Minn. PUC decision sparks protest at governor’s office

ST. PAUL -- Environmental activists are calling on Minnesota Gov. Mark Dayton to come to their aid once again, asking the governor to reach out to Washington and advocate for more strict adherence to federal oil pipeline regulations.

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NY bans fracking after report concludes method poses health risks

NY bans fracking after report concludes method poses health risks

ALBANY, NY/NEW YORK - New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.

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Hearing set on proposed ONEOK natural gas plant in ND

BISMARCK — The North Dakota Public Service Commission has scheduled a public hearing for a proposed natural gas processing plant in McKenzie County that would be the largest of its kind in the state.

Oil holds below $60 as OPEC, Russia keep pumping

NDON - Brent crude oil traded below $60 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.

OPEC hawks come round to merits of riding out oil slump, despite pain

LONDON - OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices.

ND regulators approve $240M wind farm

ND regulators approve $240M wind farm

BISMARCK – State utility regulators approved a permit for a $240 million wind farm in western North Dakota on Wednesday.

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Kemp: Oil prices are now unsustainably low

LONDON -- Oil prices have now fallen to an unsustainable low level. Futures contracts for Brent and WTI have fallen below $60 and $55 per barrel respectively but many crude producers are receiving much lower prices.

Oil drops below $60 for first time since 2009

Oil drops below $60 for first time since 2009

NEW YORK - Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.

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ND could lose billions in oil tax revenue if low oil prices persist

ND could lose billions in oil tax revenue if low oil prices persist

GRAND FORKS, N.D. - North Dakota stands to lose billions in revenue if oil prices continue to slip, Lt. Gov. Drew Wrigley said Tuesday at a meeting of the Highway 2 West Manufacturers' Association in Grand Forks.

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First job for new Republican Senate is Keystone XL

First job for new Republican Senate is Keystone XL

WASHINGTON -- The new Republican-controlled U.S. Senate's first act in January will be approval of the Keystone XL pipeline.

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Willmar City Council allows land purchase by Municipal Utilities for substation

WILLMAR, Minn. -- No action by the Willmar City Council means the Municipal Utilities’ proposed purchase agreement with Jennie-O Turkey Store to buy nearly 48 acres of land for an electric substation at Priam will go forward.

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