Signs of oil boomlet in North Dakota after pipeline finished

BISMARCK, N.D. (AP) — There are hundreds more jobs than takers in the heart of North Dakota’s oil patch. Finding a hotel room, parking space or table at a restaurant is no longer easy.More than two years after the state’s unprecedented oil bonanza fizzled to a lull, North Dakota – the nation’s No. 2 oil producer behind Texas – is experiencing a sort of boomlet that has pushed daily production back above 1 million barrels daily.”There is a long-term optimism that was not here just a year ago,” said Williston Republican Sen. Brad Bekkedahl, whose western North Dakota district is in the epicenter of the state’s oil-producing region.Industry officials and others say the uptick comes from a bump in crude prices, regulatory certainty with the more drill-friendly Trump administration, better technology, and the prospect of nearly half of the state’s crude coursing through the disputed Dakota Access Pipeline, which could open markets abroad where top prices are typically fetched.

Source: Signs of oil boomlet in North Dakota after pipeline finished

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