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June 12, 2008

United States might finally build a new oil refinery in 2013

The first new oil refinery in the United States in thirty years is one step closer.

Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery. Texas-based Hyperion Resources requested the rezoning for the $10 billion refinery, billed as a potential step toward national energy independence.

It will process 400,000 barrels of oil per day (mostly from Canada's oilsands) and will likely be in operation in 2013.

North Dakota reported 5700 more barrels of oil per day in March, 2008 MArch production was 143738 bopd versus February 138013 bopd.

Reece Energy Exploration Corp. rose to a third-straight record in Toronto after saying it found oil in the first well it drilled in the Bakken area in Saskatchewan



http://news.google.com/news?hl=en&tab=in&ned=us&ie=UTF-8&ncl=1219754152

FURTHER READING
Previous coverage of North Dakota's Bakken Oil

Daily North Dakota drilling and production reports (after 6 months on confidential list)

North Dakota oil statistics

1 comments:

al fin said...

The refinery bottleneck is a huge problem for fuel supplies. Judging by their actions, politicians in the US Congress are indifferent to the plight of US consumers and producers. Fortunately the market can still operate without needing congressional approval for every deal made.

The US has not become the UASR yet.