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May 31st, 2012

North Dakota ?? Shale Oil Surge

by Andrew Price, President & COO

North Dakota recently passed Alaska and California to become the 2nd highest oil producing state in the United States. North Dakota production has surged from 100,000 barrels per day in March 2005 to almost 600,000 barrels per day in March 2012. North Dakota is still far behind Texas which produces over 1 million barrels per day, but the explosive growth is adding to the strain on transportation options available to move the crude oil to US refineries.

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