As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.» Read More
NEW YORK-- U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year.
FARGO, N.D.-- Milk production in North Dakota during July, August and September totaled 85 million pounds, up 2 percent from the third quarter of 2011..
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.
September was the second month in a row the unemployment rate dropped in Louisiana, after no improvement since January, when joblessness hit a post-recession low of 6.9 percent. Louisiana had a 7.2 percent unemployment rate in September 2011. In September 2011, the state had 148,000 unemployed people.
Mississippi had a 9.1 percent jobless rate in August and a 10.9 percent rate in September 2011, according to Bureau of Labor Statistics figures adjusted to cancel out predictable seasonal fluctuations. That survey found total Mississippi payrolls rose to 1.09 million in September, up 3,200 jobs from August.
LINCOLN, Neb.-- Nebraska's unemployment rate dropped to 3.9 percent in September, a tenth of a percentage point under the August and July figure of 4 percent, the state Labor Department said in a report released Friday. Only North Dakota's September rate of 3 percent was lower than Nebraska's. Unemployment in the state's largest city, Omaha, dropped to 3.8 percent.
OMAHA, Neb.-- An index of economic conditions in 10 Midwest and Western states jumped this month after three months of drought-induced doldrums. "Our survey indicates that the negative impacts of the drought are being more than offset by the positives of very strong incomes from high agriculture and energy prices," said Creighton University economist Ernie Goss.
OMAHA, Neb.-- Union Pacific said Thursday that its third-quarter profit climbed 15 percent because price increases and more automotive and chemical shipments helped the railroad offset a 12 percent drop in coal shipments. Union Pacific, based in Omaha, Neb., said Thursday that revenue grew 5 percent to $5.34 billion from last year's $5.1 billion.
SIOUX FALLS, S.D.-- Drought conditions are stable in North Dakota over the week, but they have worsened again in South Dakota. Drought Monitor map shows that 57 percent of South Dakota is now in the two worst categories of drought, extreme and exceptional.
GRAND ISLAND, Neb.-- North Dakota- based Titan Machinery Inc. says it's buying three CaseIH agriculture equipment dealerships in Nebraska. Titan, of West Fargo, N.D., says it is acquiring Toner's Inc., which operates Toner's in Grand Island, Red Line Equipment in Broken Bow and Ord Equipment in Ord.
CARRINGTON, N.D.-- The U.S. Treasury Department has provided $3.4 million to a group of 36 North Dakota cities to support loans to small businesses. Every $1 in federal money must be matched with $10 in private sector investment, which will lead to $34 million in private sector funding.
BISMARCK, N.D.-- Dwight Thompson is a solid conservative businessman who will be voting for a Republican for president and a Democrat for Senate.
BUCYRUS, N.D.-- A tiny southwestern North Dakota town has been all but destroyed by a wind-fueled wildfire that displaced its 27 residents, prompting an outpouring of assistance from surrounding communities, officials said Thursday. The chairman of the County Commission said the fire razed four homes in the town about 60 miles south of Dickinson.
The incredible prosperity in North Dakota has happened during the Obama administration. However, the fear is that things might change in the next four years, especially when it comes to fracking.
BISMARCK, N.D.-- The U.S. Department of Agriculture's Rural Development agency says it provided more than $61 million for North Dakota housing projects during the past fiscal year. The agency says funds in fiscal 2012 included loans for single-family homes and more than $3 million in rental assistance to low-income tenants.
WASHINGTON-- Republican candidates for the Senate in conservative-leaning states generally outraised their Democratic opponents in the latest fundraising quarter ending Sept. 30, but Arizona proved an exception as former surgeon general Richard Carmona raised nearly $500,000 more than Republican Jeff Flake.
BISMARCK, N.D.-- North Dakota Agriculture Commissioner Doug Goehring says the state's first trade mission to Colombia in four years shows promise for a long and profitable trade relationship with the South American nation. He says the trip was the beginning of a new effort to make North Dakota a main supplier of products to Colombia.
CNBC's Brian Shactman reports on the oil boom which has resulted from fracking the Bakken shale in North Dakota.
WEST FARGO, N.D.-- Titan Machinery Inc. said Tuesday that it reached a deal to buy Toner's Inc., which includes three CaseIH agricultural equipment dealerships in Nebraska. The trio also offers cost savings opportunities with Titan's existing stores in a nearby Nebraska town, the company said.