There’s a new song on the wind in Western North Dakota, and more and more investors are seeing opportunity beyond the short-term boom. This is a great article from the Williston Herald about the change in thinking that’s starting to shape how Williston develops.
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One of the differences with North Dakota’s oil growth now versus the boom in the 1980s — experience. There are enough people around who remember the fall that they’ve positioned their investments conservatively and were prepared for a downturn. Here’s one such story from Dickinson.
Read & Share sourced from: Dickinson Press
In Dickinson, there’s no doubt the dropping rig count has had an impact on jobs in the community, but there are still jobs to be had. Get the full story in this well-written piece by Dustin Monke covering the oil slowdown and its impact on Dickinson.
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The State of North Dakota has been admitted into a legal action against the Bureau of Land Management over new rules regulating fracking on federal lands. Details from KMOT News.
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The House approved Senate version of an amended oil tax bill that will do away with oil price tax triggers. The volatility of oil prices combined with the low-price trigger created a lot of uncertainty in forecasting revenues for North Dakota. Full story from Amy Dalrymple.
Read & Share sourced from: Grand Forks HeraldSubscribe to Today in Minot!
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What happens when things get tight for the private sector? Sometimes we see layoffs and cutbacks in investment, but another byproduct of tougher times is innovation. Luke Geiver of Bakken magazine has the commentary on new well completion technology being advanced.
Read & Share sourced from: Bakken Magazine
The Shawshank Redemption has become one of the most watched movies of all time. And though it is probably most famous for the line, “get busy living, or get busy dying”, but wrapped up in the rest of the story are some valuable economic lessons. Check it out in the video below.
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The fire took place last week near Watford City while a statewide burn ban was in effect. Minimal property damage was done; full story on the fire from the McKenzie County Farmer.
Read & Share sourced from: McKenzie County Farmer
XTO Energy was granted a flaring exception on 89 of 143 requested wells by the Sate Industrial Commission. Oil producers are required to capture 77% of natural gas produced during drilling and recovery; XTO sought an exception because of difficulty getting easements for a gathering pipeline.
Read & Share sourced from: Bismarck Tribune
— Official News Release, Governor Dalrymple — Gov. Jack Dalrymple today signed into law House Bill 1358, legislation that will strengthen the state’s regulatory oversight of gathering pipelines for produced water and crude oil. The bill includes enhancements for the prevention and detection of pipeline leaks and expands the state’s remediation and restoration program for
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Five years after the BP oil spill, the public has stopped asking whether seafood from the Gulf is safe to eat. But now there’s a supply issue, and fishermen worry about the future of their industry.
Read & Share sourced from: NPRSubscribe to Today in Minot!
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It’s not very often we get a nuanced picture of life in Western North Dakota from our bigger media outlets. This article from Jennifer Brooks and the Star Tribune is an exception to the rule. It is worth reading.
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Leadership of the Northwest Landowners Association is pleased with the progress made in the 2015 legislative session. Several bills related to oil industry and pipelines were passed that will positively affect landowners. KX News has the full story.
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Republican legislators proposed a late-session bill that would remove the oil-tax price triggers from oil production tax equation in exchange for a slightly lower overall tax rate. Details from Mike Nowatzki.
Read & Share sourced from: Grand Forks Herald
We all know the world of politics is as much gamesmanship and savvy as it is issues and idealism. Want a peek at how it really works? Rob Port at Say Anything Blog provides the back-story and context surrounding the ND House’s passage of an income-tax bill.
Read & Share sourced from: Say Anything Blog.comBakken oil wells typically have high initial production and then gradually decline over time, but information that has recently become public shows a well in McKenzie county has set a record for initial production at 7,824 barrels per day.
Read & Share sourced from: Petroleum News.com