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Tag Archives: news

Oil may be booming in North Dakota, but real estate is slow to follow

Billboard ND open for business

While billions of dollars of oil money is flowing freely to North Dakota, investment in new real estate has not followed. With demand far outpacing supply, rents and land prices are sky-high, and residents have few retail options. By Ernest Scheyder and Ilaina Jonas, Reuters / June 30, 2013 Williston, N.D./New York Money and workers are pouring into Williston, the capital ...

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Motion and Flow Control Products Expands into the Bakken With the Acquisition

motion control and flow products

DENVER — Motion and Flow Control Products, Inc. (MFCP), a leading distributor of fluid connectors, fluid power equipment, instrumentation products and seals, announced it has acquired the assets of MD Hose and Fittings LLC of Sidney, Montana. The acquisition gives MFCP its first location in the Bakken Oil Field, a 200,000-square-mile shale formation which stretches through swaths of North Dakota ...

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Faces of the Boom: Louisiana men bring mobile motel…

williston nd

WILLISTON, N.D. – Louisiana native Dex Comardelle, 23, is bringing Southern hospitality to North Dakota’s workforce housing. Comardelle was working toward a degree in hospitality management at the University of Louisiana when he started to hear about North Dakota’s oil boom. Comardelle and his father, Ricky, who has provided living quarters for offshore drilling operations in the Gulf of Mexico ...

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North Dakota Manufacturing Employment Grew 4% over Past Year

ND Manufacturing Growing

EVANSTON, Ill.–(BUSINESS WIRE)– For the third year in a row, industrial employment in North Dakota posted a gain, according to the 2014 North Dakota Manufacturers Register®, an industrial directory published annually by Manufacturers’ News, Inc. (MNI) Evanston, IL. MNI reports North Dakota gained 1,734 manufacturing jobs from May 2012 to May 2013, or 4% – – 3.5 percentage points above the ...

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3 Attractive Bakken Plays

oil and money in the bakken

Bret Jensen July 24, 2013 As West Texas Intermediate oil prices continue their upward march to $110 a barrel, its seems appropriate to look at some energy plays that should continue to benefit from higher oil prices as well as increasing production levels. Today let’s focus on some fast growing E & P concerns in the Bakken shale region which ...

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To bolster energy grid, states weigh compact

Kansas wind energy compact

Kansas is undoubtedly a windy state, but it is not yet the “Saudi Arabia of Wind” that Republican Gov. Sam Brownback wants it to be. Kansas has more wind energy potential than any state except Texas, but eight states generate more total megawatts of wind power — even as Brownback and his legislature have taken steps to boost Kansas’s wind ...

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George P. Mitchell revolutionized oil and gas exploration

Father of Fracking Dies

Mr. Mitchell’s innovative use of horizontal wells and hydraulic fracturing, or fracking, in the 1990s to release gas from a previously-impermeable rock formation near Fort Worth earned him the nickname the “father of the Barnett Shale.” Those drilling breakthroughs revolutionized oil and gas exploration from Pennsylvania to Poland and the Yukon Territory to Argentina. “My engineers kept telling me, ‘You ...

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Obama disputes job projections for Keystone XL pipeline

Keystone Pipeline

WASHINGTON, July 27 (Reuters) – U.S. President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday. “Republicans have said that this would be a big jobs generator,” Obama said, according to the newspaper. “There is no evidence that that’s true. ...

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