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Bismarck, N.D. – Legendary Notre Dame coach Lou Holtz will address attendees of the 2016 Williston Basin Petroleum Conference on May 26, 2016 at the Bismarck Civic Center in Bismarck, ND. Deemed the "master of the turnaround," Holtz built his career by inspiring his players and enhancing their performance to take them from the bottom to being winners. Today, Holtz motivates others by sharing his leadership experience and lessons learned to help others become the leaders needed to guide their e...
Wednesday, February 24, 2016 was Watford City's Annual Chamber Meeting, where fellow business owners and politicians gathered together for good food, great drinks, and celebrated the highlights of the 2015 year. Caterers at the event were plentiful and included the newest members to Watford City, JL Beers and Door 204. Teddy Residential Suites brought a beautiful dessert bar and a full service bar. Wineries and distilleries at the chamber meeting were Dakota Sun Gardens and Winery, Wolf Creek...
On February 17, 2016 North Dakota lndustrial Commission Director, Lynn Helms, published the monthly Directors Cut advising the following: ND Sweet Crude Price November $32.16/barrel December $27.57/barrel January $21.13/barrel Today's $16.50/barrel (lowest since February 2002) (all-time high was $136.29 7/3/2008) Pricing Source: Flint Hills Resources Rig Count: November 64 December 64 January 52 Today's rig count is 41 (lowest since July 2009 when it was 40)(all-time high was 218 on 5/29/2012)...
The North Dakota Public Service Commission (PSC) reported today that almost $2.1 billion worth of siting permits for energy-related projects were approved in 2015. That number is slightly down from over $2.7 billion in 2014, but still significantly higher than 2013 where just over $1 billion was approved. “Despite low oil prices, companies continue to invest in major new projects that provide critical infrastructure such as pipelines, gas plants and electric generation facilities to serve energy development and growth,” said Commission Cha...
On Wednesday, the North Dakota Public Service Commission approved the permit for the biggest-capacity pipeline to date, the Dakota Access Pipeline. The longest leg of the 1,130 mile pipeline will run through approximately 360 miles of North Dakota, beginning near Stanley and would end near Patoka, Illinois. The 12-inch to 30-inch diameter pipeline will pass through 50 counties in 4 states: North Dakota, South Dakota, Iowa and Illinois. The North Dakota Public Service Commission had been...
BISMARCK, ND – The North Dakota Public Service Commission (PSC) will hold a public hearing in Watford City on Thursday, Feb. 11, regarding a proposal for a crude oil pipeline in McKenzie County. Tesoro High Plains Pipeline Company, LLC, has submitted an application for a permit for the Targa Antelope Lateral Pipeline Project. The new 1.4-mile long, 12-inch diameter crude oil pipeline would be built in McKenzie County. The project would enable Tesoro to more fully utilize its existing pipeline system, increase the storage and transportation c...
Incoming MonDak API President Terry Williams, (left) presents Jim Fehlauer past president, a plaque for his years of service for the organization. Jim was the API president from 2008 through 2015. The MonDak API meets the third Tuesday of each month. Contact Terry Williams for more information. (Photo Courtesy by Lisa Gorder) API chapters promote fellowship and professional development of their members through the exchange of operational experience, operations oriented meeting programs, and a...
This is the time of year when we often pause and reflect on the past twelve months. Williston Economic Development (WED) had a busy year that included moving into new office space at the City of Williston Center for Development, welcoming several new restaurants and retail businesses to Williston such as Menards, Sportsman’s Warehouse, Riddle’s Jewelry and Little Muddy Gifts and helping new manufacturing, agriculture and oil and gas firms expand or establish new headquarters in Williston. The following is a list of some of the highlights fro...
BNSF delivered the first 100 Railcar Unit Train of Sand to the Red River Stony Creek Rail Yard in Williston in December. The delivery marks a turning point for Red River's operations and allows them to better utilize the five-plus miles of track they have constructed. Red River officials say the development gives their customers a competitive advantage and thereby generates more jobs in Williston. "This is a Game Changer for Red River," said Curtis Shuck, Vice President of Business Development....
ConocoPhillips announced its 2016 Operating Plan and Capital Budget of $7.7 Billion on Dec. 10, 2015, and they expect $2.3 billion from Asset dispositions. Key highlightrs from the plan include a $7.7 billion capital budget, 1 to 3 percent production growth, adjusted for asset sales, and $7.7 billion of operating costs. Chairman and Chief Executive Officer Ryan Lance commented, "We're setting an operating plan for 2016 that recognizes the current environment, which remains challenging. We are...
On behalf of the Energy Generation Conference planning committee, you are invited to participate as an exhibitor and sponsor at the 37th annual Energy Generation Conference, January 26-28, 2016 at the Bismarck Events Center. We are excited to announce that this year the conference will feature technology allowing exhibitors to scan attendee badges for contact information, and also a new program book app. This conference has become the premiere event in the Upper Midwest to showcase industry...
WILLISTON, N.D., - The number of drilled oil wells in North Dakota continue to climb as producers delay turning on over 1,000 unfracked wells in hopes of oil prices recovering. The daily output in North Dakota fell 2 percent in September, harming the industry's ability to grow production. "That's sending a definite signal to the market that oil and gas operators are not willing to do a lot of drilling or hydraulic fracturing or production at these low prices," said Lynn Helms, director of the...
BISMARCK, ND -Tesoro Corporation today announced a substantial contribution to the North Dakota Housing Incentive Fund (HIF). Company representatives presented Gov. Jack Dalrymple with a check for $5.3 million, the single-largest contribution in the program’s history, to support affordable housing projects in Bismarck, Mandan, Dickinson and Watford City. Tesoro’s contribution has pushed the state program to more than 70 percent of its $30 million capitalization goal. The check was presented during an event at the state Capitol by Tesoro exe...
On October 13, 2015, NDIC Department of Mineral Resources Director, Lynn Helms posted the monthly Director's Cut. Rig counts were as follows: • July rig count 73 • August rig count 74 • September rig count 71 Today (October 13) rig count is 67 (in November 2009 it was 63) (all-time high was 218 on 5/29/2012) The statewide rig count is down 69% from the high and in the five most active counties rig count is down as follows: • Divide -85% (high was 3/2013) • Dunn -68% (high was 6/2012) • McKenzi...
Williston Economic Development received a Gold Excellence in Economic Development Award for its 2015 project in the category of Partnerships with Educational Institutions for communities with populations of 25,000 - 200,000 from the International Economic Development Council (IEDC). The honor was presented at an awards ceremony on Monday, October 5, during the 2015 IEDC Annual Conference, which was held October 4 - 7, in Anchorage, Alaska. "From localized community projects, to large scale...
Early Friday afternoon, the U.S. House of Representatives voted 261 - 159 to repeal the ban on oil exports which was signed into law by President Gerald Ford in response to the Arab oil embargo. H.R. 702 removes restrictions on exporting domestically produced crude oil by repealing section 103 of the Energy Policy and Conservation Act of 1975, relating to the authority of the President to restrict the export of coal, petroleum products, natural gas, or petrochemical feedstocks. The ban on...
OKLAHOMA CITY - Earlier this month, Continental Resources Inc., announced plans to spend approximately $300 to $350 million less than its previously approved capital budget for 2015 to better align spending with cash flow at current commodity prices. The Company plans to defer well completion activity, except for where it has contractual considerations or it accomplishes specific strategic objectives. Continental is also reducing its operated rig count in the Bakken from 10 to eight rigs by the end of the month. “While we do not believe t...
September 14, 2015, Lynn Helms, director of the North Dakota Department of Mineral Resources, today published the monthly Director’s Cut stating the current “drilling rig count dropped 5 from June to July, increased 1 from July to August, and dropped 5 this month. Operators are now committed to running fewer rigs than their planned 2015 minimum as drill times and efficiencies continue to improve and oil prices continue to fall. This has resulted in a current active drilling rig count of 10 to...
Meeting Aug. 31, one day prior to the annual meeting of Montana Petroleum Association, Crowley Fleck PLLP held a seven-hour seminar focused on areas relating to oil, gas and mining law. Uriah Price, an Energy, Environment and Natural Resources Department associate, provided the more than 135 attendees with updates on case law from Montana and North Dakota pertaining to mineral and surface ownership, including pooling interests, royalties and probate. He serves on the Rocky Mountain Mineral Law Foundation's Young Professionals Committee, and...
WILLISTON: West Dakota Water, a subsidiary company to JMAC Resources, Inc., is an oilfield water resources contractor specializing in fresh water sourcing, transportation, and conveyance for well completions and production maintenance. WDW was granted an industrial permit by the ND State Water Commission to withdraw a total of 12,000 acre feet from two access points on the Missouri River. The first is in McKenzie County and is for 10,000 acre feet, the second is in Williams County for another...
XTO Energy Inc., a subsidiary of ExxonMobil last week presented North Dakota Gov. Jack Dalrymple with a check for $5 million as a contribution to North Dakota’s Housing Incentive Fund (HIF). The check represents the single largest contribution to the fund since its inception. The energy company’s $5 million contribution will support affordable housing projects in western North Dakota. “Thank you to XTO Energy for this generous contribution to the state’s Housing Incentive Fund and for their support of affordable housing development in western...
The Sandpiper Project is an interstate crude oil pipeline that will bring growing supplies of North Dakota Bakken crude oil from the Enbridge Beaver Lodge Station south of Tioga, North Dakota to Clearbrook, Minnesota and then onto an existing Enbridge terminal in Superior, Wisconsin. From these terminals, the crude oil can be shipped through Enbridge pipelines and other third-party pipelines to U.S. and eastern Canadian refineries. More than 75 percent of the Sandpiper route follows pipelines...
WILLISTON: For nearly seven decades Triangle Electric has been a family owned business, serving the western North Dakota and eastern Montana regions. The company began in 1946 and then in 1947 owners Harold Hoffelt, Oscar Stenehjem, and Selmer Johnson placed an ad in the Williston Herald offering a reward to the person who choose the best name for their company, thus became Triangle Electric. When the oil and gas exploration began in North Dakota in the early 1950′s, Triangle Electric was w...
Montana-Dakota Utilities is proposing to increase rates by 21% for their electric customers in Montana. In addition to the double-digit rate increase, MDU is proposing an arbitrary fee on customers who have invested in their own renewable energy systems. MDU’s proposal to place an additional charge on solar, wind and other renewable energy customers is unprecedented for any utility in Montana. Under the proposed fee, MDU customers who offset their electricity use with their own renewable energy system would be charged an additional fee for e...
Produced by BBI International and /The Bakken/ Magazine, the second annual Bakken Conference & Expo will provide attendees with a comprehensive overview of the current state of the Bakken shale play. GRAND FORKS, ND – BBI International will be hosting the 2nd annual Bakken Conference & Expo North Dakota’s premier shale oil event produced by /The Bakken/ magazine next week, July 27-29 in Grand Forks, North Dakota. With more than half of presentations being delivered by presidents, CEOs, or directors, the 2015 agenda features more than 70 tec...
