Featured Articles in Energy Business News

Pennsylvania pipeline capacity problem persists

(The Center Square) — Pennsylvania’s influence on national and global energy markets has grown in recent decades, but oil and natural gas advocates warn that could change. The American Petroleum Institute’s annual State of American Energy address focused on production, national security, and improving infrastructure. “We produce more energy than any country in the world,” Read More…

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License issued for $1B Montana power storage project

A Montana company has been granted a license to build a $1 billion, 400-megawatt power storage project in the central part of the state that would supplement electricity from wind turbines and other sources, according to documents released Thursday by federal regulators.   The 50-year license from the Federal Energy Regulatory Commission allows Absaroka Energy, Read More…

CorEnergy says Ultra Petroleum will assume Pinedale lease

CorEnergy Infrastructure Trust (CORR) has announced that a subsidiary of Ultra Petroleum has agreed to assume the lease on its Pinedale Liquids Gathering System without amendment, through a motion filed today in bankruptcy court. CORR is the first publicly listed real estate investment trust focusing on energy infrastructure. According to the CORR website, the Pinedale Read More…

GTUIT Makes Inc. 500 List

Billings-based GTUIT, LLC has earned the 203rd position on Inc. magazine’s 2016 Inc. 500 list of fastest-growing private American companies with a three- year revenue growth rate of 1,894%. For 35 years, Inc. has tracked the fastest-growing private companies which have included firms like Microsoft, Under Armor, Oracle and Yeti Cooler. GTUIT stands out because Read More…

In a hopeful sign, Wyoming unemployment rate falls for first time in 18 months

Wyoming’s unemployment rate fell in August for the first time in 18 months, the Department of Workforce Services reported Tuesday. The shift from 5.7 percent unemployment in July to 5.5 percent last month is not a statistically significant drop, but it offers hope that the state economy is stabilizing. Natrona County had the fourth-largest decrease Read More…

Supporters of North Dakota pipeline protests gather in Great Falls

Members of the Chippewa Cree Tribe gathered along the bank of the Missouri River in Great Falls on Tuesday evening to show their support for the Standing Rock Sioux Tribe in North Dakota. The group is joining in protest of the multi-billion dollar Dakota Access Pipeline that would cross the Missouri River several times across Read More…

One of ND’s largest oil producers posts wider loss on oil price slump

HOUSTON—Continental Resources Inc., North Dakota’s second-largest oil producer, posted a quarterly loss on Wednesday that missed Wall Street’s expectations because of the slump in crude prices. The loss is an example of the difficulty facing the oil industry as it seeks to offset the period of low prices. Many companies have slashed costs to survive. Read More…