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Bakken News

Flush With Oil and Gas Cash, North Dakota’s Growth Tops in Nation

North Dakota’s economy wasn’t much to behold a decade ago. But that’s changed dramatically thanks to surging oil and gas production on its Bakken shale. North Dakota’s per person gross domestic product increased nearly 11 percent from 2011 to 2012 — tops in the nation for the second straight year, and three times larger than runners-up Texas and West Virginia. ...

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Giving the Bakken a dose of Synergy

Bakken Oil Fields

As a Montana native, Laura McRae noticed a few years ago that the Bakken energy play was a unique happening. Both with business backgrounds, Laura and her husband, Kendall McRae, also spotted another Bakken trait: A lack of communication between many of the different interests involved with the play. In the fast paced world of a large-scale energy boom, Laura ...

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Energy taxes could help the state in the future needs

Lower Energy Taxes

State Senate President Jeff Kessler, D-Marshall, will lead a legislative delegation to North Dakota later this summer to take a firsthand look at how that state has managed its energy boom.Specifically, Kessler is interested in North Dakota’s Legacy Fund.In 2010, North Dakota voters approved the dedication of 30 percent of oil tax collections into an interest-bearing fund. The money cannot ...

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North Dakota oil relies on rail: Deadly derailment involved train carrying

Rail being layed in North Dakota

WILLISTON, N.D. — The Bakken crude involved in the deadly train derailment and explosion in Quebec represents only a fraction of the oil shipped by rail from North Dakota each day. About 675,000 barrels of Bakken crude leaves North Dakota rail facilities daily, according to the most recent figures from Justin Kringstad, director of the North Dakota Pipeline Authority. That ...

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$71 million approved for Oil Patch communities

71 Million Approved for Infrastructure Projects

BISMARCK – Twenty Oil Patch communities will receive $71 million in energy impact grants for assistance with water-related projects. Grants approved Thursday by the Board of University and School Lands include:• $5 million to expand Crosby’s water supply and wastewater treatment systems.• $10 million to expand New Town’s water treatment plant, water and sewer system upgrades and street improvements. • ...

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Incendiary Investment – Montana Energy Review

Amid grass-laden prairie and craggy Badlands, oil wells beam like giant medieval torches in the cerulean North Dakota sky. These candles of industry produce upwards of 700,000 barrels of oil each day from the shale reservoirs deep beneath the earth. Simultaneously, these North Dakota rigs are burning off an estimated 30 percent of their natural gas byproduct into the air, ...

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