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ND posts record 25.1M barrels of oil in May

Bakken Oil Money

The Dickinson Press North Dakota oil drillers pumped a record 25.1 million barrels of crude in May, the Department of Mineral Resources said Monday. Lynn Helms, the agency’s director, said in a monthly report that the state produced an average of about 810,000 barrels per day in May. That’s up from 639,000 barrels in May 2012 and more than double ...

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Low-cost natural gas boosting ND

Bakken Natural Gas

North Dakota has rapidly become a multi-faceted energy exporter. Crude oil and natural gas have joined electricity produced from coal as major state exports. It’s a narrative that the state has pursued for decades. But fracking and crude oil production have produced a spinoff story. Low-cost natural gas, a byproduct of oil production, has begun to benefit existing North Dakota ...

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Oil production up sharply in North Dakota

Oil Workers Bakken North Dakota

Bismark Tribune Oil production began to increase at a sharper pace in May, and production is expected to increase further during the summer months, according to North Dakota’s top industry regulator. Preliminary numbers for May put North Dakota oil production at more than 810,000 barrels per day. It was an increase over the nearly 794,000 barrels per day in April. ...

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State Dept. approves ND-to-Alberta gas pipeline

Bakken Natural Gas Pipeline

BISMARCK, N.D. (AP) — The U.S. State Department has approved construction of the North Dakota portion of a gas pipeline from Tioga into the Canadian province of Alberta, Sen. John Hoeven said Tuesday. The proposed $300 million, 430-mile Vantage Pipeline is slated to supply ethane from North Dakota’s oil patch for Alberta’s petrochemical industry beginning later this year, the Republican ...

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Bakken Price Weakens After North Dakota Production Hits New High

Bakken Oil Boom

Bakken crude on the spot market weakened against West Texas Intermediate as North Dakota regulators said production from the state’s portion of the field increased to a new high in May. North Dakota’s Bakken field produced 745,399 barrels of crude a day, according to preliminary data from the state’s Industrial Commission. That’s up 2.4 percent from April and 29 percent ...

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Low energy prices giving ND manufacturers competitive edge

Bakken Natural Gas

BISMARCK, N.D._ On a national scale, cheap natural gas retrieved through fracking is being credited with helping to resurrect the manufacturing industry. On the state level, affordable energy means lower overhead costs for North Dakota manufacturers. Meanwhile, the state is looking for other benefits it could provide. Many manufacturers in the state use natural gas to heat large buildings. Others, ...

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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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