oil

Legendary Texas Oil Tycoon Passes Away At 91

T. Boone Pickens Stopped In Fargo In 2008 To Push For Less Dependence On OPEC

DALLAS — A legendary Texas oil tycoon with ties to North Dakota has passed away. T. Boone Pickens, whose investments helped shape the American energy industry going back to the 1950s, has died at the age of 91. Pickens was in Fargo in 2008 on a campaign to help the U.S. lessen its dependence on oil from OPEC nations. Despite…

Oil Production Steady in North Dakota

The state's wells produced 1.39 million barrels of crude per day in May.

BISMARCK, N.D. – State officials say oil production in North Dakota held steady this spring. The state’s wells produced 1.39 million barrels of crude per day in May, just 800 per day more than in April. Despite the steady May numbers, North Dakota’s oil production is near the record set in January. And, the high level is creating some transportation…

Gas Prices Start Rising In The FM Metro Following Hike In Oil Prices

AAA says the average for a gallon of gas in the FM metro is $2.11

FARGO, ND — You’ve probably noticed that gas prices are starting to rise in the metro. AAA says the average for a gallon of gas in the FM metro is $2.11. The statewide average is $2.20. The hikes follow a jump in oil and wholesale gasoline prices. Crude oil began the week trading at its highest price point of the year…

George W. Bush To Headline Kevin Cramer Fundraiser In Texas

Cramer is challenging Sen. Heidi Heitkamp, one of the most vulnerable Democrats seeking re-election

Former President George W. Bush is raising money for Kevin Cramer’s Senate bid. Cramer says Bush will headline Cramer’s September 19 fundraising event in Fort Worth, Texas. Cramer says it’s being hosted by executives at Texas-based oilfield service companies that do business in North Dakota. He says former longtime LSU basketball coach Dale Brown, a native of Minot, also is…

N.D. Legislators Propose $280 Million Infrastructure Plan

The funding would focus on non-oil producing regions

NORTH DAKOTA — State Republican lawmakers proposed a $280 million infrastructure funding package. The funding package is broken into three brackets, including the county level, municipal, and airport infrastructure needs. “By doing this, by bringing money across the state to non–oil producing regions, we are not taking away from the needs that they have out west. The hub cities and those…

Both Sides Fill Hearing For Enbridge Energy’s Northern Minnesota Replacement Pipeline

The pipeline would replace the deteriorating Line 3 crude oil pipeline

ST. PAUL, Minn. — Passions ran high as Minnesota regulators opened a key hearing on whether to approve Enbridge Energy’s proposal for a pipeline replacement across northern Minnesota. The pipeline would replace the deteriorating Line 3 crude oil pipeline. A crowd that was about evenly divided filled the hearing room this morning in St. Paul. People held signs outside reading,…

Higher Crude Oil Prices Are Great News For North Dakota’s Bottom Line

oil and gas revenue is $323 million more than initial estimates

BISMARCK, N.D. — Oil and gas tax collections in North Dakota are running 25 percent above forecast due to rebounding crude prices. A report by the Legislature’s research arm shows oil and gas revenue is $1.6 billion for the current two-year budget cycle that began in July. That’s $323 million more than initial estimates. Oil prices are a key contributor…

Superior, WI oil refinery fire extinguished, Evacuations remain in place

Courtesy: Fox 21 DuluthUPDATE at 7:40 PM Thursday (AP) – Authorities say a smoky refinery fire that forced many residents of Superior, Wisconsin, to evacuate is out. Douglas County officials posted an update Thursday evening saying the fire is extinguished but asking residents in the evacuation area to stay away from their homes for at least another two hours. An explosion…

ND oil patch hiring is on the rise

If you’re looking for a job, a recent report shows jobs are steadily increasing in the oil patch. Job Service North Dakota found that job openings in Divide, McKenzie and Williams counties were at their highest level last month since July 2015. The three counties have a significant need for health care professionals and teachers. But that’s not all. More…

Bill Would Allows Loans Out Of Legacy Fund For Roads And Bridges

Two Republican Minot Lawmakers Proposed The Legislation

BISMARCK, N.D. — Part of North Dakota’s oil tax savings account could be used to make low-interest loans to communities facing big and expensive infrastructure projects. Backers of the Republican drafted legislation want to use up to 15 percent of the Legacy Fund’s principal every two years for projects such as flood protection and water systems. Two Minot lawmakers are…