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  • North Dakota Petroleum Council - Industry News
    FAQ Royalty Owner Info Surface Owner Info ProgressZone Pick Up the Patch Easement Information Center Resources Mediation Bakken Gear Documents Al Golden Scholarship Jobs Bakken Map Conservation Bakken Crude Properties Members Become a Member Committee Sign Up Oil PAC News Clipping Service Legislative Action Center Buyer s Guide Buyer s Guide Home News Center Industry News Industry News Cutting named vice president of Petroleum Council Posted 6 17 11 Fri FOR IMMEDIATE RELEASE June 13 2011 North Dakota Petroleum Council BISMARCK ND The North Dakota Petroleum Council has named Kari Cutting as vice president effective June 6 A North Dakota native Ms Cutting has a diverse background in the state s energy industry including more than 25 years of experience in chemistry sales marketing and transportation Cutting received a Bachelor of Science in biology from the University of North Dakota and a Master of Science in management from Minot State University As vice president she will provide leadership in developing and executing strategy manage Petroleum Council activities and provide communication support for the association I look forward to the many challenges facing North Dakota s energy industry and to supporting the abundant opportunities for our state yet to be fully

    Original URL path: http://www.ndoil.org/news/industry_news/cutting-named-vice-president-of-petroleum-council/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    leaders in Bismarck to bring industry community and agency leaders together Brenda Pierce Coordinator for the Energy Resources Program at the USGS and other geologists and engineers from her staff were on hand at the Bismarck meeting to hear evidence from oil producers regarding the need value and timeliness of a new updated study After a second hearing this week Hoeven and Salazar again discussed the study request At a meeting this morning in the Senator s office Secretary Salazar told Hoeven the agency would move forward with the study I want to express my sincere thanks to the Secretary for his willingness to follow up on our request for an update of recoverable reserves in the Williston Basin Hoeven said We appreciate the way he and his staff have responded including Brenda Pierce who was committed to following through on a matter that s important to North Dakota and the nation Throughout the dialogue with the Secretary and agency officials Hoeven made the case that technological advances have significantly increased the amount of oil that is recoverable in western North Dakota and he has worked with the agency and industry to provide information showing that a new study is warranted An updated USGS survey will be critical to attract infrastructure investment for housing hotels retail stores and service companies to growing communities in western North Dakota by confirming with good data that the Williston Basin is a sustainable long term play warranting substantial private investment Hoeven said Solid data will strengthen confidence in the long term potential of the area and help to attract new investments in community infrastructure throughout western North Dakota We must develop our resources armed with the best science available and there is now significant new geological information Salazar said With ever advancing production technologies

    Original URL path: http://www.ndoil.org/news/industry_news/hoeven-and-interior-secretary-salazar-meet-usgs-to-reassess-williston-basin-reserves/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Dakotans perceptions of industry activity Additionally 15 ad hoc committees charged with addressing important industry issues such as land royalty owner rights environmental impacts safety infrastructure etc have been formed by Petroleum Council members who are engaged in helping identify solutions and ensure that industry is having a positive impact in North Dakota Oil Can is all about connecting people industry members community leaders policy makers land owners and others in the general public This is done through events like the Bakken Rocks CookFest and Town Hall Meetings CookFest brings together industry employees and North Dakota citizens for an evening of food fun and learning The 2011 CookFest events are tentatively scheduled for July 26 location TBA and July 28 in Watford City We encourage local citizens and community leaders to join us for great food lots of fun and to learn more about the oil and gas activity taking place in North Dakota through our Bakken Basics session More information will be available on the Petroleum Council website www ndoil org as the date approaches Video footage and photos from last year s CookFest events are also available online at www ndoil org id 125 The Town Hall Meetings are designed to give an overview of industry activity from all perspectives exploration production transportation regulation and community land owner mineral owner issues They are an opportunity for North Dakota citizens and community leaders to visit with industry professionals from a variety of sectors including surface mineral rights geology pipelines regulation and county issues Check out the informational video clips from the 2010 Town Hall Meetings available on the Petroleum Council s YouTube channel www youtube com user NDPetroleumCouncil Because education is such a large component of the Oil Can program the Petroleum Council also offers online informational resources aimed

    Original URL path: http://www.ndoil.org/news/industry_news/oil-can-program-focuses-on-education-and-outreach/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    oil development in the state The study is part of the OilCan program an industry sponsored effort started in 2007 to fulfill three guiding principles listen first develop partnerships and respect all stakeholders Over the past three years our OilCan Program has also sponsored dozens of town hall meetings and community events as well as created a valuable interactive website www ndoil org to connect with the public said Terry Kovacevich North Dakota asset manager at Marathon Oil Corporation and vice chair of the North Dakota Petroleum Council Board of Directors The newly released study a statewide phone survey was conducted jointly by Minot State University and other researchers to assess public perceptions and attitudes regarding the petroleum industry Nearly nine out of 10 survey respondents 87 agree that the oil and natural gas industry provides positive benefits to the people of the state Furthermore the respondents graded the industry an overall B on its role as a responsible corporate citizen We re pleased that the majority of the public recognizes the positive impact oil development brings to the state said Ron Ness president of the North Dakota Petroleum Council It s also gratifying to know that oil and natural gas companies are being viewed as good neighbors during this dramatic growth period The phone survey also asked North Dakota residents to identify issues and concerns relating to oil activity in the state Traffic and road safety received the highest rating of concern Other top rated issues included oil tax revenue disbursement mineral owner rights and environmental protection The industry is intent on listening and responding to the needs arising from oil development said Ness As evidence of this commitment petroleum companies are investing over 3 5 billion in new pipeline and processing projects to transport oil and natural gas

    Original URL path: http://www.ndoil.org/news/industry_news/oil-industry-monitors-and-responds-to-impact/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    This represents a 200 increase over a four year period and does not include dollars generated by the sale of retail gasoline or the distribution of fuel oil Petroleum is a leading economic driver for North Dakota in terms of benefiting its residents through jobs creation tax relief and total business activity said Ron Ness president of the North Dakota Petroleum Council The NDSU study validates the strong growth and significant impact that the industry is having on North Dakota The petroleum industry also provides substantial revenues to government through tax collections royalty revenues lease bonuses and severance taxes The NDSU study reports that the petroleum industry paid 821 8 million in state and local taxes in 2009 This revenue provided property tax relief to all homeowners and supported a variety of public services including education water and community development Also the state has maintained a budget surplus due largely to the growing revenue stream from oil and natural gas production As oil development expands our state and communities will realize more than 1 billion annually in oil and natural gas taxes to support ongoing infrastructure needs said Ness The industry supports paying its fair share to adequately fund the impacts associated with oil development Other notable contributions identified in the economic impact study include North Dakota residents received 559 million in lease and royalty payments in 2009 Since 2005 the level of direct employment has grown from an estimated 5 051 full time equivalent positions to 18 328 positions in 2009 a four year growth of 264 The number of active operating wells increased from 3 391 in 2005 to 4 190 in 2009 an increase of 23 6 Each new well has an estimated 3 million annual impact The sheer magnitude of the numbers contained in this report

    Original URL path: http://www.ndoil.org/news/industry_news/economic-impact-of-petroleum-industry-triples-in-size/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Member Committee Sign Up Oil PAC News Clipping Service Legislative Action Center Buyer s Guide Buyer s Guide Home News Center Industry News Industry News Energy industry wants lower taxes Posted 12 21 10 Tue Brian Howell KFYR TV December 20 2010 It s easy to forget oil busts of years past when things are going well and the energy industry seems to think that way too The energy industry wants the Legislature to remove protections once implemented to help when times were tough Energy companies currently pay a combined 11 5 rate in production and extraction taxes and they want it lowered They currently pay the state a 5 oil and gas production tax which funds infrastructure projects in western North Dakota They re happy to pay that tax But they don t like how the 6 5 extraction tax is structured in North Dakota Incentives built into the current tax structure help companies if the price of oil drops below about 50 a barrel by significantly reducing the tax rate for a period of time Energy companies are willing to get rid of those incentives for a lower flat rate somewhere in the ballpark of about 4 5

    Original URL path: http://www.ndoil.org/news/industry_news/energy-industry-wants-lower-taxes/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Owner Info ProgressZone Pick Up the Patch Easement Information Center Resources Mediation Bakken Gear Documents Al Golden Scholarship Jobs Bakken Map Conservation Bakken Crude Properties Members Become a Member Committee Sign Up Oil PAC News Clipping Service Legislative Action Center Buyer s Guide Buyer s Guide Home News Center Industry News Industry News Bringing order to oil taxes OK Posted 12 21 10 Tue Bismarck Tribune Editorial December 21 2010 North Dakota state government has benefited significantly from taxes paid by the oil and gas industry Much of the state s budget surplus can be attributed to oil and gas production and extraction tax payments The very strong levels of oil production in western North Dakota have formed a financial firewall against the national recession and lagging economic recovery But the mix of taxes and incentives the oil industry pays when doing business in North Dakota have created some push back Ron Ness president of the North Dakota Petroleum Council goes so far as to say The tax structure is broken We need a more predictable rate Ness would like to see a predictable flat rate Everybody wants predictable and gets jacked up by uncertainty Simplifying the tax structure generally

    Original URL path: http://www.ndoil.org/news/industry_news/bringing-order-to-oil-taxes-ok/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Conservation Bakken Crude Properties Members Become a Member Committee Sign Up Oil PAC News Clipping Service Legislative Action Center Buyer s Guide Buyer s Guide Home News Center Industry News Industry News Oil impact on state budget Posted 12 21 10 Tue KXMC TV December 16 2010 Unlike much of the rest of the nation the state of North Dakota has a budget surplus thanks to the oil boom From

    Original URL path: http://www.ndoil.org/news/industry_news/oil-impact-on-state-budget/ (2016-05-01)
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