Investment Insights

Booming Bakken continues to need ‘a little of everything’

Plenty of opportunities for workers, entrepreneurs and investors continue to exist in Bakken oil-producing communities. Consider, for example, this assessment from Shawn Wenko, assistant director of the city Economic Development Office in Williston, N.D.: “We need a little bit of everything. We basically have taken a city and we’ve tripled the size of the land more »

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Estimates of oil in Bakken keep getting bigger

Test wells indicate the amount of underground oil in the Bakken area of western North Dakota exceeds 900 billion barrels. Yes, that’s billions, not millions. The estimated total could keep increasing, as it has the past three years, as companies such as Continental Resources continue exploratory drilling areas such as the Three Forks Formation. Only more »

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Maintaining roads is big issue in Oil Patch

Not surprisingly, maintaining a good road system is one of the biggest challenges facing McKenzie County, N.D., in the heart of the oil-producing Bakken region. Oil trucks and other vehicles travel more than 37 million miles a years on McKenzie County roads, which also are exposed to the sometimes harsh weather conditions of the Upper more »

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N.D. governor bullish on future of oil development

Gov. Jack Dalrymple has comforting words for anyone still worried about the long-term future of oil and commerc[al development in western North Dakota. Barring a collapse in oil prices, he’s convinced that mining for petroleum will continue for several decades. “I think that people are beginning to realize, gradually, that this is not your grandfather’s more »

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