Oil prices and and producer confidence have been recovering slowly over the past several years. As a result, we’re again hearing of near-record production rates and seeing plans for investment in the region. Renee Jean with the Williston Herald has the story on one large player’s intentions in the region.
Read & Share sourced from: Williston Herald
In an insular world, it’s easy to think we’re the only people and place facing a down economy. It’s not so as this article from the Regina Leader Post points out. Also worth noting, the cause attached to the slow down; top-down policies that carry consequences into places they weren’t intended for. It’s a call
Read & Share sourced from: Regina Leader Post
North Dakota oil continues to flow. In March, the average was almost 1.4 million barrels per day. But on the downside, flaring was also up as producers used exemptions in order to capture larger oil production. Natural gas capture infrastructure is expected to improve by the end of the year; it’s expected this will trim
Read & Share sourced from: Williston Herald
We know North Dakota has changed when news of an oil tanker conflict in the Mid-East can be characterized as a local topic. But that’s the world we live in. Reuters has the full story on the incident. It matters in North Dakota because political stability half a world away leads to price stability in
Read & Share sourced from: Reuters
At 1.4 million barrels per day, North Dakota’s oil production makes it the 18th biggest producer in word today — if we were a country. By 2030, that number is expected to grow to more than 2 million barrels per day. Patrick Springer with InForum has the full story on North Dakota’s macro trends and
Read & Share sourced from: InForumSubscribe to Today in Minot!
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One byproduct of North Dakota’s growing oil production is gas. That same gas is an input in plastics manufacturing. And according to the report linked below from The Williston Herald, the plastics industry is starting to explore the opportunities associated with locating in Western North Dakota.
Read & Share sourced from: Williston HeraldWhat do you do with a byproduct of the coal power generating industry that’s bad for the environment? In North Dakota, the goal is to use it to enhance the recovery of oil. And when that oil comes out, producers will enjoy an exemption from oil production taxes. Luke Geiver writing with North American Shale
Read & Share sourced from: North American Shale Magazine
In what can now be described as a spat between world leaders, Iranian President Hassan Rouhani said Iran will keep pumping oil despite a recent U.S. announcement that it will quit offering sanction-related waivers for purchase of Iranian oil exports. Meanwhile, production from the Bakken continues at near-record pace. Oil prices this morning are (WTI)
Read & Share sourced from: Reuters
Nothing moved North Dakota’s economy over the last 10-years like oil development and even with the slow down of the past few years, energy still has a massive impact on our economy, our communities, and our government budgets. All that makes us heavily dependent energy price fluctuations and those are prices that move on large,
Read & Share sourced from: Bloomberg
The state of Washington’s legislature has been contemplating a bill that would require all oil delivered to the state’s refineries to be shipped with a vapor pressure below 9 psi. It’s a big deal for North Dakota oil producers because a lot of our oil goes west, and we don’t require vapor pressure to be
Read & Share sourced from: S&P Global
GoodTalk Minot is a weekly collaboration between myself and Jonah Lantto of The Good Talk Network. Our focus: Minot and the people that make it interesting and keep it moving. This past week’s conversations featured the President of Minot State Student Government, Aaron Richard, and one of the founders of the region’s fastest-growing energy sector
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What type of land development fosters an entrepreneurial ecosystem? If we think in terms of the biological ecosystem, we don’t have sustainability unless there are species at every level of the food chain. That metaphor speaks to a start-small mentality; this commentary from Strong Towns does also.
Read & Share sourced from: Strong Towns
Construction is booming in the twin cities, but there’s still a problem — they don’t have enough workers. The solution? Right now it’s a program to attract more students into the construction trades. Stories of worker shortages are becoming more commonplace on TheMinotVoice as they reflect a situation we have to address locally.
Read & Share sourced from: Star Tribune
Jobs, jobs, jobs — they aren’t hard to find. The tricky part is for the businesses that need qualified people to fill them. NPR has the story on the national trend, but there’s a message we’d do well to take note of here in Minot. We perpetually pursue jobs through economic development, but we already
Read & Share sourced from: NPR
An age-old problem in gravel-road country in getting a new take on an old solution. Dealing with dust and maintaining country roads — especially those traveled heavily during temporary uses like mining gravel — is an ongoing challenge. To address it, the County will be applying a brine solution byproduct from a local oil well
Read & Share sourced from: Minot Daily News
A major player in the Bakken oil field and a major employer in Minot is divesting their holdings in other oil fields to focus more heavily on the Bakken. Hess has sold their holdings in the Utica Shale for $400 million.
Read & Share sourced from: Bakken Magazine