N.D. oil drillers taking steep discounts for crude

March 1, 2012 at 5:34 am in Grand Forks Herald

The Energy Department says North Dakota oil drillers are taking deep price cuts compared to other U.S. crude because production is outpacing the ability to efficiently move product to market. State Mineral Resources Director Lynn Helms says North Dakota oil drillers continue to be on pace for a record year, despite the steep price cuts. Continue Reading