According to a North Dakota State University study released today, the economic impact of the state's oil industry soared from $4.2 billion to $12.7 billion between 2005 and 2009. State officials predicted the 2009 economic impact numbers will soon be overshadowed by those from 2010. Estimated production for the year was about 110 million barrels, up from 79.7 million in 2009. There currently are about 5,300 producing oil wells, up from 4,190 in 2009. Read more...
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