MDU Resources Group plays integral role in Bakken growth

MDU Resources Group Inc. got its start as a utility company in 1924 in the shadows of the Bakken region. Within a couple of years, it was providing electric and natural gas service to communities that today are in the heart of the oil and natural gas production boom in…

Whiting Petroleum Corporation to acquire Kodiak Oil & Gas Corp. in all-stock transaction valued at $6 billion

Creates the number-one Bakken/Three Forks producer Whiting Petroleum Corporation (NYSE: WLL) and Kodiak Oil & Gas Corp. (NYSE: KOG) announced yesterday a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction valued at $6.0 billion, based on the closing price of Whiting on July 11, 2014,…

How North Dakota got it right (and how other states can, too!)

By Mark Anderson, CEO, Mainstream Investors, LLC As North Dakota entered the last decade of the 20th century, it found itself near the bottom of nearly every economic metric measured, save agriculture.  Each year, it was a net exporter of people, and with a total population of just 638,800 statewide,…

Hess tops the list of U.S. Energy Producers in 2014 Green Rankings

Hess Corporation (NYSE:HES) announced yesterday it has been ranked No. 1 among the greenest U.S. energy producers according to the just-released 2014 Newsweek Green Rankings of the largest 500 companies in the world. by

From battlefield to the oilfield: Military veterans transition to new jobs

By Rebecca Colnar The Bakken oil boom is well-known for providing high-paying jobs for those willing to work in some harsh conditions with long hours. One group of people used such challenges are America’s military veterans—and those veterans have been finding work in North Dakota. by

Hess announces sale of retail business to Marathon Petroleum Corporation for $2.6 billion

Hess Corporation (NYSE:HES) announced on May 22, 2014 that it has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion. Hess Retail is the largest chain of company-operated gas stations and convenience stores along the East Coast with 1,342 locations. by