December 4, 2013

 
In This Issue
South Heart rail project approved...
N. Dakota leads region in federal oil, gas leases...
Number of ND millionaires jumps...
Analysis...
Leader in Minnesota's...
Foundation lof new Dickinson diesel refinery in place...
Odyssey Theaters to expand...
Dunn County commissioners...
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South Heart rail project approved 

Stark County commissioners on Tuesday gave final approval to rezone a 686-acre plot for a rail terminal 5 miles west of South Heart, but not without a lengthy list of stipulations.

 

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N. Dakota leads region in federal oil, gas leases.

Developers have bought the oil and gas rights to about three-fourths of the available federal land in western North Dakota, pushing prices to record levels despite industry complains that the federal permitting process is still too onerous to immediately develop the land.

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Number of ND millionaires jumps

The state Tax Department says the number of people reporting seven-figure incomes in oil-rich North Dakota nearly doubled last year, and residents' average incomes rose 22 percent to an all-time high.

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Analysis:  Bakken drillers undaunted by local oil prices under $80
 

North Dakota crude oil prices tumbled this month to below the $80-a-barrel "sweet spot" that helps drillers attract capital from other shale areas, yet the Bakken boom shows no signs of slowing. 

 

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Leader in Minnesota's Iron Range pitches idea to keep N.D. oil tax money local   

 

A model put in place years ago by leaders in Minnesota's mining-heavy Iron Range was pitched as a way to give more regional control of oil tax revenue to energy-impacted communities in western North Dakota.
 

Foundation of new Dickinson diesel refinery in place 


The foundation has been laid for a new diesel refinery in western North Dakota.

Bismarck-based MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners are building the Dakota Prairie Refinery west of Dickinson. Officials have said it could cost up to $300 million.

 

The facility will process crude from the rich Bakken and Three Forks formations in western North Dakota, helping meet an unprecedented need for diesel fuel in the oil patch.

 

Administrators will move into their office building in about two weeks.

 

The facility is slated to be completed in late 2014.


Source:  Associated Press
 

Odyssey Theaters to expand cineplex to West Ridge Development 

 

Dickinson's getting a new movie theater.

 

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Dunn County commissioners to consider Killdeer sports complex request

 

Killdeer Public School representatives on Wednesday will again go before the Dunn County Commission in pursuit of funds for football field and track renovations.

 


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