Daily News Energy Headlines from September 14, 2015

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

OIL & GAS PRODUCTION
North Dakota Shows Small Crude Production Decline in July - North Dakota's Department of Mineral Resources reports that the state's oil production fell less than 1% in July from June's output, falling to 1.20 million billion barrels per day (BBL/d) from 1.21 million BBL/d in June.

Natural Gas Processing Plant Completed in Louisiana - PennTex Midstream Partners (NASDAQ:PTXP) (Houston, Texas) says that it has completed Phase II of a natural gas processing plant near Ruston, Louisiana.

CRUDE OIL
Cash Markets Suggest Crude Oil Supply Could be Tightening - The cash markets in Midland and the Bakken, where buyers trade physical barrels of oil, are trading at fairly high premiums to futures contracts, which could be indicative of oil supply tightening faster than expected.

Iraq Plans Record Crude Exports in October - Iraq says that it plans to export 3.68 million BBL/d of Basra crude in October, which would be the highest monthly amount exported by the country.

OPEC Lowers Non-OPEC Production Forecast - OPEC has lowered its production growth forecast next year for non-OPEC members to 160,000 BBL/d, which is 110,000 BBL/d lower than last month's forecast.

PIPELINES
Regulators Finds Plains All American Kept Inadequate Records - California regulators say that Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas), which was responsible for a crude oil pipeline spill in the state earlier this year, did not keep adequate records on tank pressure tests or spill response plans.

OTHER NEWS
Oil Search Rejects Woodside's $8 Billion Offer - Oil and gas producer Oil Search Limited (Port Moresby, Papua New Guinea), which has a large stake in the PNG LNG project in Papua New Guinea, has rejected an $8 billion takeover offer from rival Woodside Petroleum (Perth, Australia), saying that it undervalues the company.

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