Watford City Area Business Leaders Welcome Oil & Gas Economist

Watford City Area Chamber of Commerce and the Economic Development Corp. annual meeting featured speaker to discuss global oil market

Watford City, N.D.-The Watford City Area Chamber of Commerce and the Watford City Economic Development Corporation are pleased to announce that the annual meeting is scheduled for March 4th, 2015 at 5:30 pm and will be held at the Outlaw's Ballroom in Watford City. The event will include a social hour starting at 5:30 pm followed by dinner at 6:30 pm.

This year's featured speaker is Dr. Loren C. Scott, founder of Loren C. Scott & Associates, a Louisiana based consulting firm. Dr. Scott's presentation, "The Price of Oil: What Happened; how long will it last?" The presentation will address several key questions, including: When the price drops sharply and a lot who is the culprit; Did you notice the price drop started with the DOC decision to allow oil exports; What role does the Bakken play have in all this; Why should we be concerned about the "edges" in all the shale plays; Are oil prices going to stay this low or is there realistic hope for at least some reversal?

"The Bakken is one of the few economic engines in this country. We hope people will join us to learn more about this industry and what Dr. Scott has to say about the future of this industry," said Darick Franzen, Watford City Area Chamber of Commerce president.

In addition to the featured speaker presentation, the EDC will debut, "Voices of Watford City" a video-based program with a new website that features stories of Watford City residents in their own words. The goal of the project is to allow Watford City residents an opportunity to provide an informative, visual and dynamic place for those seeking information about the area. This video-based project will give a sense of what it's like to live and work in Watford City.

Tickets for the event are $50.00 per person. Anyone interested in attending should contact Mary Gumke chamber coordinator at 701-570-5084 or at [email protected].

About: The Watford City Area Chamber of Commerce serves, supports and promotes businesses in the Watford City, N.D. area. The chamber focuses on professional development, business development, community promotion and retail. The Watford City Economic Development Corporation is a private, non-profit organization working to expand existing business in the community and to create new business opportunities in the area.