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North Dakota Mineral Resource Director, Lynn Helms said 2023 was a good year for the state’s oil and gas industry.
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Oil prices have moved higher following news that producer BP will temporarily halt shipments through the Red Sea after reported attacks on vessels delivering on this route.
About $8.5 billion was deposited into two key state funds that wouldn’t exist without oil and natural gas production tax revenue.
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Occidental Petroleum will buy Permian oil and gas producer CrownRock for cash and stock in a deal valued at around $12B, including debt.
The number of rigs engaged in the exploration and production of oil and natural gas in the United States was 625 in the week ended Dec 1.
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United States projected to extract 12.9m barrels of crude oil as countries at Cop28 to push for agreed fossil fuels ‘phaseout’
