July 16, 2014

 
In This Issue
Oil counties tops in North Dakota wages...
Oil production, well permits increase...
OPEC:
The benefits of oil flow east...
North Dakota Expects 'Big Surge' in Summer Crude Output...
Local talent, big jobs:
Matters of Perception...
Railroads:
Blockbuster Bakken deal may put a bit more oil in trader's hands...
Whiting to buy Kodiak for $3.8B, create No.1 Bakken producer...
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Oil counties tops in North Dakota wages

Well-paying jobs in western North Dakota's oil-producing counties helped propel the state's average annual pay by 4 percent last year to almost $48,000, state data show, though the state still hovers slightly below the national average.

Oil production, well permits increase

 

After passing the 1 million barrels per day benchmark in April, North Dakota oil production reached another all-time high in May of 1,039,635 barrels per day, according to preliminary numbers released by the Department of Mineral Resources. 

 

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OPEC: As U.S. production surges, global oil demand to grow in 2015

Global oil demand is projected to grow in 2015 as the world economy continues to recover but with U.S. production surging, demand for oil from the Organization of Petroleum Exporting Countries will continue to slide, the oil producer's group said Thursday.

The benefits of oil flow east 
 
North Dakota recently celebrated producing 1 million barrels of oil per day and with it, the list of accolades bestowed on North Dakota continues to grow.
 
North Dakota Expects 'Big Surge' in Summer Crude Output

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.
Local talent, big jobs: Veteran-owned Bemidji surveying company that worked on Sandpiper pipeline keeps growing
Inside an office room at Northwestern Surveying & Engineering, a wall is covered with taped up black and white maps.

Matters of Perception

The Bakken is changing North Dakota and, while it can be overwhelming, most of us agree it is for the better.

Railroads: Dozens of trains haul volatile Bakken oil to NY weekly

 

As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made by railroads to state emergency responders, and released to Reuters through a Freedom of Information Law request.

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Blockbuster Bakken deal may put a bit more oil in traders' hands
 

A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.

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Whiting to buy Kodiak for $3.8B, create No. 1 Bakken producer

Whiting Petroleum Corp. said on Sunday it would acquire Kodiak Oil & Gas Corp. for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc.