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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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US crude oil production averaged 11.3 The 2020 decrease in production was the largest annual decline in the EIA’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d.

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EIA: North Dakota oil production reached new high of 770K bpd in 2012; transported by trucks and railroads

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North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012, according to the US Energy Information Administration (EIA). Much of crude oil production in North Dakota is gathered and transported by truck to railcars leaving the state.

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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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(MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC.

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EIA: rising North Dakota oil production and demand spurs two new small refineries

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One of two new small (20,000 bbl/d each) refineries being built in North Dakota broke ground this week, the US Energy Information Administration (EIA) noted in a brief. The Dakota Prairie facility is scheduled to be built in 20 months. North Dakota currently has one refinery, the Tesoro Mandan refinery located near Bismarck.

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Enbridge to invest $6.2B in pipeline expansions for light oil from North Dakota and Canada

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billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. Specifics include: North Dakota System Expansion and Extension. Enbridge Inc. will proceed with a $6.2-billion

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North Dakota awards Tesoro $500K to support $3.5M renewable diesel co-processing project at refinery; 5% renewable diesel blend

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The North Dakota Industrial Commission has awarded Tesoro $500,000 to support a $3.5-million million project to study enabling the company’s Dickinson, ND refinery to co-process renewable feedstocks such as vegetable oils such as soy or distillers corn oil into renewable diesel (RD). D5 RINs per gallon.

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EIA forecasts Bakken oil production will top 1M barrels per day next month; >10% of US oil production

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The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. The Bakken region now accounts for a little over 10% of total U.S.

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