MDU Resources Group

Oil products are needed to fuel the development of, well more oil. Booming oil production in the Bakken formation primarily located in North Dakota and Montana has driven up local demand for diesel fuel used to run the hundreds of rigs and thousands of trucks and locomotives that undergird the industrial supply chain.

“Much of the increase in demand has been fueled by the boom in crude oil production from the new wells in the Bakken Formation in North Dakota’s northwest corner. The demand for these middle distillates rose 80% in North Dakota from 2009 to 2012, providing the incentive to invest in local refineries,” said the EIA in its “Today in Energy” update. Keep reading →