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Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

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The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. Twelve states—including Kansas, New Mexico and Ohio—have prioritized capping wells in disadvantaged communities. California. 1,000-1,200. New Mexico.

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Montana State University researchers develop protein to increase oil yield in oilseed crops by up to 40%

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Montana State University researchers have developed a. protein that can be expressed in oilseed crops to increase the oil yield by as much as 40%. Seed oil content increases are induced by puroindoline genes which promote increased seed size and. Puroindolines are effective transgenes useful in increasing oil content in both.

Montana 210
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34 states produced a total of 1.9 billion gallons of biodiesel in 2018

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Biodiesel has similar fuel properties to petroleum diesel but is manufactured from vegetable oils, animal fats, or recycled restaurant grease. Note: Montana produced less than 0.005 million gallons in 2018. Source: US Energy Information Administration, State Energy Data System (SEDS): 1960-2018, June 2020.

2018 397
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Farmer-owned cooperative CHS investing $406M in Montana refinery to boost diesel production

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Included in the $406-million investment are: A new hydrogen plant and crude unit modifications that will increase crude oil throughput and increase diesel production. including refinery ownership, production expansion and efficiencies; new and expanded terminals and storage; and an additional crude oil supply connection.

Montana 218
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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

2019 236
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EIA forecasts Bakken oil production will top 1M barrels per day next month; >10% of US oil production

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The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. The update appears in the most recent issue of the US Energy Information Administration’s Drilling Productivity Report (DPR).

Oil 270
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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.

Oil 257