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Old Posted May 11, 2017, 7:39 PM
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Pedestrian Pedestrian is offline
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Quote:
Originally Posted by JManc View Post
Yes, ND has lots of oil and gas and the economy boomed when oil was north of $70 USD a barrel. SD is more services and agricultural.
The North Dakota economy is likely doing much better now. Fracked oil in the Bakken is economical to produce at $50 (and becoming more so every day as the drillers have made huge technological strides in the last 2 years). And the completion of the Dakota Access pipeline, which is scheduled to fully come online in 3 days, will help because the necessity of transporting Bakken crude by train due to inadequate pipeline capacity put a lid on production.

Bakken formation

https://www.google.com/search?q=Bakk...FmPB6L0CgtyoM:

Dakota Access Pipeline

https://upload.wikimedia.org/wikiped...sm_basemap.png
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