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Oil surpasses Ag as State's Largest Industry

AGWEEK

 

File photo

For the first time in North Dakota's history, agriculture is not the largest engine in the state's economy. That's what a statistical study by the U.S. Bureau of Economic Analysis found after examining economic trends in the state from 2011 through 2013. It's a startling development in that it's historic. But anyone who has been paying attention to the oil and gas boom in the western counties knew the day was coming when mining (oil, natural gas and coal) would knock off King Ag.  Read More

 

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North Dakota expects Big Surge in Summer Crude Output

Bloomberg 

by Dan Murtaugh

 

Photo Courtesy of www.chuckcourture.com
North Dakota, the second-largest oil-producing state in the U.S., expects output to surge through the summer as more benign weather gives roughnecks extra time to work in the field.  Output rose about 3.6 percent to 1.04 million barrels a day in May, the state's Department of Mineral Resources reported Monday, July 14, 2014.  "We still expect the big surge to come in June, July and August in terms of completions and some really rapid production increases," Helms said on a conference call with reporters yesterday.  Read More     North Dakota Department of Mineral Resources     Director's Cut for July 14, 2014 

 

 

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