Target Logistics renews housing contracts in Bakken; contracts total $50 million over 3 years



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BISMARCK, North Dakota — A company that provides workforce housing says it has renewed contracts with two global oil field service companies operating in western North Dakota's Bakken oil patch.

Target Logistics says the contracts total about $50 million over the next three years. Officials did not name the oil field service companies.

Target Logistics President and Chief Operating Officer Brad Archer says extending the relationships is "especially significant" given the recent downturn in oil prices.

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