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Oil & Gas

North Dakota to introduce gas flaring restrictions

The North Dakota Industrial Commission is introducing new regulations on the maximum amount of natural gas that oil and gas companies will be allowed to burn off in the process known as flaring, in an effort to reduce the overall amount of gas burned off within the state.
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US oil, gas reserves up 9%

Oil reserves in the United States went up to almost 25.4 billion barrels, marking a rise of 2.1 billion barrels or 9 percent on the previous year and an increase of 52 percent compared to 2009.
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