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NoDak named country's fifth best state for business

The oil boom helped North Dakota move from No. 13 last year to No. 5 in the most recent survey by CNBC. Minnesota ranked No. 11, down from the No. 7 spot last year. Texas was named the best state for business.
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The oil boom helped North Dakota move from No. 13 last year to No. 5 in the most recent survey by CNBC. Minnesota ranked No. 11, down from the No. 7 spot last year. Texas was named the best state for business.

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Study: NoDak oil output could jump threefold by 2025

The new study by Bentek Energy LLC of Colorado shows North Dakota's oil production could jump to more than two million barrels a day by 2025, the Associated Press reports. Natural gas production could also more than quintuple. Unfortunately, about a third of the natural gas produced in North Dakota is wasted because there's a lack of pipelines.

Airline boardings soar in North Dakota

Boardings at airports at airports across North Dakota are up 22 percent in the first six months of 2012 compared to the same period last year, Forum Communications reports. Boardings at airports near the oil boom in western North Dakota have skyrocketed -- up 73 percent in Dickinson, 62 percent in Minot and 41 percent in Williston.

North Dakota official predicts population will hit 1,000,000

The state’s director of mineral resources says oil development could push North Dakota's population to a seven figure number. The oil boom has already created thousands of jobs and that is expected to continue. The 2011 Census estimate put North Dakota's population at 683,932.

Minnesota-made homes going to North Dakota oil boom

A Rochester company is gearing to send nearly 150 homes to the oil fields this year. Creative Modular Concepts owner Dale Jech tells the Post Bulletin, "Labor there is simply too expensive. Most of the houses now are coming from Indiana. They're even buying some in Florida and shipping them to North Dakota."

NoDak drillers produce record 20.8M barrels

North Dakota's oil patch pumped roughly 674,000 barrels per day in July to hit a record total of 20.8 million barrels for the month, the Associated Press reports. That's 7.5 million barrels higher than the same month a year ago.