The Dakotas fared very well in a recent economic assessment of states conducted for the U.S. Chamber of Commerce Foundation. The study, called “Enterprising States: Getting Down to Small Business,” examined factors such as each state’s economic environment, job growth and income trends. “Booming North Dakota leads the way again in overall economic performance, owing more »
Read More ...Rising oil production in North Dakota is spurring the development of two new refineries in the Bakken. The welcome additions will be North Dakota’s second and third refineries. Tesoro Mandan, the only existing refinery in North Dakota, is located near Bismarck. Ground was broken recently near Dickinson for the Dakota Prairie Refinery, a joint venture more »
Read More ...Despite weather challenges, the production of crude oil in North Dakota averaged an all-time high of 770,000 barrels a day in December 2012, according to U.S. Energy Information Administration. “Total annual production more than doubled between 2010 and 2012 through the use of horizontal drilling and hydraulic fracturing of deposits in the Bakken Formation in more »
Read More ...National news organizations have been reporting lately about the likelihood of the United States becoming energy independent, a possibility that would shake up the world to Americans’ benefit. There’s even speculation that the United States could begin exporting oil. New or renewed oil production in several states, notably in North Dakota, is contributing to a more »
Read More ...North Dakota’s impressive and growing production of crude oil continues to garner national news attention. An online story by Javier E. David of CNBC points out that the Bakken region of western North Dakota has emerged as a major U.S. producer and eventually could overtake Texas. ”Bakken is now one of the largest sources of more »
Read More ...North Dakota’s oil-transporting infrastructure is getting a welcome boost. The Minneapolis Star Tribune reported last weekend that to keep up with booming rail shipments of crude oil in the Bakken, a Minnesota company is spending $50 million to expand a loading facility in New Town, N.D. With the upgrade, the facility will be able to more »
Read More ...Initial test drilling to a new level suggests that the amount of recoverable oil in western North Dakota might be greater than previously estimated. Former North Dakota Gov. Ed Schafer talked about test drilling that is taking place in McKenzie County, N.D., During a recent visit to Sioux Falls. Schafer serves on the board of more »
Read More ...As residents of Upper Plains states know, winter still has a punch or two left, but spring is likely to be a good one for oil production and commercial development in the Bakken. News reports indicate that oil production will be ramping up in western North Dakota in coming months. The Crosby, N.D., Journal is more »
Read More ...Oil production in North Dakota reached a new monthly high in December. Gas production and the number of producing wells in the state also reached all-time highs in December 2012, according to preliminary data from the North Dakota Industrial Commission Department of Mineral Resources. Oil production reached 768, 853 barrels a day in December. Gas more »
Read More ...A lot has been said lately about the projected increase in rigs and wells in oil-production hotbeds such as McKenzie County, N.D. Along with the increase in oil-drilling activity in the western North Dakota oil patch has come a jump I the area’s population. Related needs, such as housing for new workers, also have soared. more »
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