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ND oil spurs $4.1-B outlay for railroad

JIM GEHRZ / MCT ARCHIVES Enlarge Image   Excess gas is burned off at well sites east of Williston, N.D. BNSF is crucial in the Bakken oil boom. MINOT, N.D. — To bolster its ability to haul freight, including crude oil, Fort Worth, Texas-based BNSF Railway Co. plans to spend $4.1 billion on capital improvements in 2013, a single-year record ...

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Bakken Oil, out on a rail

Bakken Rail Cars

Minot Daily News Railroads are moving three-quarters of the crude oil in North Dakota to markets, according to Justin Kringstad, director of the North Dakota Pipeline Authority in Bismarck. “They’re a very active player, to the tune of 75 percent of our oil now moved by rail cars. Only 25 percent is moving by pipeline in current market conditions,” Kringstad ...

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Oil, natural gas production sets new record

The Bakken in North Dakota

Oil, natural gas production sets new record Posted 6/19/13 (Wed)  By Kate Ruggles McKenzie County Farmer In spite of a late spring with snow and unseasonably cold temperatures that put drilling and fracking work on hold in North Dakota’s oil patch, the North Dakota Industrial Commission says that April was another record-setting month for oil and natural gas production in ...

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Invis Energy Raises 160 Million Euros for Wind in Ireland

Invis Energy

Bloomberg Invis Energy, an Irish electricity producer, raised 160 million euros ($210 million) to invest in two wind farms in western Ireland as the country boosts clean-power generation. Norddeutsche Landesbank Girozentrale and DNB Bank ASA provided funds for the Leitir Gungaid project in Galway, due to start operating in mid-2014, according to an e-mailed statement today from HgCapital LLP, which ...

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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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Making it Rain: Water Technology in the Bakken

Fracking Water in the Bakken

Technology innovations have led to an explosion of oil and gas production in the Bakken shale and across the United States. The combination of horizontal drilling and hydraulic fracturing are making previously unattainable petroleum reserves accessible and economical. Yet as one natural resource proliferates, another begins to feel the strain. Oil and gas production, in particular hydraulic fracturing, uses large ...

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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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Economic Partnership: Missoula poised to benefit from Bakken

Missoula set to profit on the Bakken

Missoula’s economy is poised to take advantage of opportunities in the Bakken, according to the Missoula Economic Partnership. “We’re kind of positioning Missoula as the entry point, surprisingly enough, to the Bakken,” president James Grunke said last week to members of the Missoula City Council. Initiated by Mayor John Engen after the economy crashed, the Missoula Economic Partnership works on ...

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