Crude Oil Slowdown Doesn't Slow North Dakota Transmission Buildout

Crude Oil Slowdown Doesn

SUGAR LAND--February 23, 2016--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--In North Dakota there's a lot of concern about how falling crude oil prices have idled drilling rigs, pushed down production and cut into state and local tax coffers. But another type of industrial activity--constructing transmission lines--is in full swing. The collapse of oil prices has given utilities and project developers an opportunity to catch up to burgeoning electric demand in the oil fields. In recent years, diesel generators have provided a large share of electricity to well sites and remote processing and storage facilities. Within this article: Mentions transmission projects being developed by Basin Electric Power Cooperative, MDU Resources Group (NYSE:MDU) and Otter Tail Corporation (NASDAQ:OTTR).

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