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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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Granite Peak Partners Breaks Ground on 300-Unit Apartment Community in ND

Dakota Ridge Apartments

The first phase of Dakota Ridge Apartments, consisting of 180, two and three bedroom apartment units, is scheduled to be completed in May 2014. The first phase will include six apartment buildings, a clubhouse and infrastructure construction. When the community is complete, it will contain 10, three-story apartment buildings with 30 units in each. The 4,500 sq. ft. clubhouse will feature ...

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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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ND tops nation in taps, housing rate

North Dakota housing

If one were to adopt power rankings for each state, North Dakota would be in pole position. Leading the nation in several categories, the state already has the lowest unemployment rate, is second in oil production and tops all other states in economic growth. Last week two more honors were bestowed upon the Peace Garden State, which now leads the ...

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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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