I’m a big fan of Leadership Sioux Falls, an annual training program conducted by the Sioux Falls Area Chamber of Commerce. In fact, I’m a graduate of the program, which is designed to identify and groom future community leaders. Holly Brunick, our chief financial officer, is also a graduate of the program. Hundreds of people more »
Read More ...Plenty of opportunities for workers, entrepreneurs and investors continue to exist in Bakken oil-producing communities. Consider, for example, this assessment from Shawn Wenko, assistant director of the city Economic Development Office in Williston, N.D.: “We need a little bit of everything. We basically have taken a city and we’ve tripled the size of the land more »
Read More ...Prairie Business Magazine offers intriguing insight into real estate investments funneling into western North Dakota because of the oil boom. A lengthy story about development in the Bakken was published in the Aug. 30 issue of the publication. The story describes how communities in the Bakken oil patch are attracting money from around the world. more »
Read More ...Test wells indicate the amount of underground oil in the Bakken area of western North Dakota exceeds 900 billion barrels. Yes, that’s billions, not millions. The estimated total could keep increasing, as it has the past three years, as companies such as Continental Resources continue exploratory drilling areas such as the Three Forks Formation. Only more »
Read More ...Within a year, crude oil production in the Bakken is expected to exceed 1 million barrels a day. That impressive estimate comes from Genscape, a global provider of energy data for other businesses. Hitting the million-barrel mark will be an impressive feat for North Dakota, which in recent years has jumped from ninth to second more »
Read More ...Not surprisingly, maintaining a good road system is one of the biggest challenges facing McKenzie County, N.D., in the heart of the oil-producing Bakken region. Oil trucks and other vehicles travel more than 37 million miles a years on McKenzie County roads, which also are exposed to the sometimes harsh weather conditions of the Upper more »
Read More ...Gov. Jack Dalrymple has comforting words for anyone still worried about the long-term future of oil and commerc[al development in western North Dakota. Barring a collapse in oil prices, he’s convinced that mining for petroleum will continue for several decades. “I think that people are beginning to realize, gradually, that this is not your grandfather’s more »
Read More ...The Dakotas fared very well in a recent economic assessment of states conducted for the U.S. Chamber of Commerce Foundation. The study, called “Enterprising States: Getting Down to Small Business,” examined factors such as each state’s economic environment, job growth and income trends. “Booming North Dakota leads the way again in overall economic performance, owing more »
Read More ...The United States Geological Survey has substantially increased its estimate of recoverable oil reserves in the Bakken and Three Forks Formations. The USGS, which is part of the Interior Department, nearly doubled its 2008 estimate to a new total of 7.4 billion barrels. In recently announcing the results of the new governmental assessment, Interior Secretary more »
Read More ...Rising oil production in North Dakota is spurring the development of two new refineries in the Bakken. The welcome additions will be North Dakota’s second and third refineries. Tesoro Mandan, the only existing refinery in North Dakota, is located near Bismarck. Ground was broken recently near Dickinson for the Dakota Prairie Refinery, a joint venture more »
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