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Western water system sales drop with slowdown in oil patch

BISMARCK, N.D. — A system bringing treated Missouri River water to northwestern North Dakota has experienced a significant drop in industrial water sales as activity has slowed in the oil patch due to slumping crude prices. Gross monthly industrial water sales through the Western Area Water Supply project slipped from a peak of more than $4 million in October 2014 ...

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Will Highway 85 see more improvements, another expansion?

One of the highways serving as a main artery for traffic through North Dakota’s oil patch might soon expand to four lanes, along with a possible bridge replacement, reports The Bismarck Tribune. The North Dakota Department of Transportation said it plans to complete improvements on the southern stretch of Highway 85 from Watford City to Interstate 94, a 62-mile stretch ...

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MDU Resources sells oil exploration subsidiary

MDU Resources Group Inc. has announced the sale of a property dedicated to oil exploration along with four other sale agreements, according to The Bismarck Tribune. In its third-quarter earnings report, MDU Resources reported the sales from the five agreements and projected tax benefits are expected to have raised $450 million. The proceeds will be applied to outstanding debts. As ...

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North Dakota drilling rights auction nets nearly $8.5M

BISMARCK, N.D. — A quarterly state auction for oil drilling rights on North Dakota state land has fetched nearly $8.5 million. The Bismarck Tribune reports that more than 10,500 mineral acres in nine counties were auctioned Tuesday at the state Capitol. A total of 340 acres were auctioned for over $3.6 million in Mountrail County. About 245 acres went for ...

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Oasis Petroleum profit beats thanks to cost cuts

North Dakota oil producer Oasis Petroleum Inc posted a better-than-expected quarterly profit on Tuesday as it successfully slashed costs to offset plunging crude prices. Bucking the industry trend to hunker down, Oasis also boosted its production forecast for the year and locked in hedges for 2017, steps that signal the Houston-based company’s confidence it can weather the low-price storm. For ...

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New tool from Drillnomics allows oil and gas economic decision in minutes-not days

Compared to the high tech tools found in other industries, software promising to quickly and easily help oil and gas professionals perform economic evaluations has lagged. For years, the industry lacked a modern and simple evaluation tool that was easy to use, affordable and powerful…until now. Drillnomics introduces a broad spectrum of the industry—including mineral buyers, investors, engineers, geologists and ...

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Heitkamp, Hoeven criticize Obama following Keystone request

BISMARCK, N.D. — U.S. Sens. Heidi Heitkamp and John Hoeven are criticizing the Obama administration’s long delay in approving the proposed Keystone XL pipeline after the operator asked the U.S. State Department to pause its review of the project. The remarks from the North Dakota senators came Monday after TransCanada’s announcement. The fate of the Canada-to-Texas pipeline has languished for ...

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