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EIA: rising North Dakota oil production and demand spurs two new small refineries

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One of two new small (20,000 bbl/d each) refineries being built in North Dakota broke ground this week, the US Energy Information Administration (EIA) noted in a brief. The Dakota Prairie facility is scheduled to be built in 20 months. North Dakota currently has one refinery, the Tesoro Mandan refinery located near Bismarck.

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Quantum Energy and Bilfinger Westcon partner to develop multiple refineries in the North Dakota-Montana Bakken formation

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Bilfinger Westcon is currently constructing a diesel refinery project in Dickinson, North Dakota expected to be completed around the end of this year. The design plan includes the capturing the CO 2 released form the facilities for use in Enhanced Oil Recovery (EOR) throughout the Bakken. Quantum Energy, Inc.

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Pitt engineers using membrane distillation to recycle water used in fracking and drilling

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Engineers at the University of Pittsburgh Swanson School of Engineering are using membrane distillation technology to enable drillers to filter and reuse the produced water in the oil and gas industry, in agriculture, and other beneficial uses. Shamlou, Elmira & Vidic, Radisav & Khanna, Vikas. Desalination. doi: 10.1016/j.desal.2021.115513.

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New USGS oil and gas assessment for Bakken and Three Forks formations boosts estimates of recoverable oil two-fold, natural gas three-fold

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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

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Flaring practices allow more methane into the atmosphere than thought; simple fixes can have big impact

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Oil and gas producers rely on flaring to limit the venting of natural gas from their facilities. Methane—which can be a byproduct of oil production—is a powerful greenhouse gas. Methane—which can be a byproduct of oil production—is a powerful greenhouse gas. Kort, Adam R.

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Commentary: Could falling oil prices spark a financial crisis?

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The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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