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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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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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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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Giving the Bakken a dose of Synergy

Bakken Oil Fields

As a Montana native, Laura McRae noticed a few years ago that the Bakken energy play was a unique happening. Both with business backgrounds, Laura and her husband, Kendall McRae, also spotted another Bakken trait: A lack of communication between many of the different interests involved with the play. In the fast paced world of a large-scale energy boom, Laura ...

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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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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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