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  • North Dakota Petroleum Council - Industry News
    1 p m to conduct a field hearing of the Senate Budget Committee which he chairs The committee will explore the critical housing shortage facing western North Dakota communities as a result of the region s oil boom according to a release from Conrad s office At the request of the senator federal officials from the U S Department of Housing and Urban Development and USDA Rural Development will attend to learn firsthand about the region s housing challenges A second hearing on Highway 85 will be at 3 30 p m in Watford City at Outlaws Bar and Grill steakhouse and convention center McKenzie County Job Development Director Gene Veeder said the purpose of the meeting was to listen and get information on the region s roads into the Congressional record Veeder said the Watford City meeting is a follow up of last year s Highway 85 hearing Conrad held in Williston He said it will be an opportunity to give the senator information and testimony on what has changed and what impact truck traffic is having on the region s roads Chris Gaddie deputy communications director for Sen Conrad explained that the meetings will each last about 90 minutes He said that there will be two panels on hand to discuss road needs and the impacts of increased traffic Gaddie said Conrad and the panelists will have opening remarks followed by a question and answer session between the public and panelists Gaddie added that the meetings comes at an important time He said U S Transportation Secretary Ray LaHood will be in Bismarck on June 4 to gather information on rural transportation and North Dakota s needs Testimony Conrad gathered on Tuesday will be important for use when negotiations begin on the new Highway Bill The current highway

    Original URL path: http://www.ndoil.org/news/industry_news/conrad-is-to-visit-williston-housing-highway-are-topics-of-visit/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    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 2009 Oil Production in North Dakota Posted 6 01 10 Tue Oil production chart published by Rocky Mountain Oil Journal Feb 26 Mar 4 2010 During 2009 155 production companies produced more than 77 million barrels of oil in North Dakota Petroleum Council members produced 95 of those 77 million barrels Below are the rankings for the top 20 ND oil operators in 2009 All are members of the Petroleum Council Rank of Oil Operator Oil Produced bbl 1 EOG RES INC 13 039 929 2 BURLINGTON RES O G CO LP 10 674 304 3 CONTINENTAL RES INC 8 185 163 4 WHITING O G CORP 6 760 500 5 HESS CORP 6 606 082 6 MARATHON OIL CO 4 064 548 7 ENCORE OPERATING LP 3 067 880 8 SLAWSON EXPLOR CO INC 1 923 111 9 MUREX PETRO CORP 1 921 142 10 XTO ENGY INC 1 917 865 11 HUNT OIL CO 1 895 145 12 PETRO HUNT LLC 1 886 204 13 ST MARY L E CO 1 702

    Original URL path: http://www.ndoil.org/news/industry_news/2009-oil-production-in-north-dakota/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    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 Corps of Engineers nixes moratorium on water permits Posted 5 24 10 Mon Bismarck Tribune From staff and wire reports May 20 2010 The U S Army Corps of Engineers says it will not impose a moratorium on Lake Sakakawea and Lake Oahe water permits Gov John Hoeven and the state s congressional delegation had feared the corps would refuse to issue new or amended permits for water from the Missouri River reservoirs while the agency conducts an allocation study that could take up to seven years to complete Assistant Army Secretary Jo Ellen Darcy met by teleconference with North Dakota officials Thursday to discuss the permits Corps officials say the study is expected to start this month Frankly we were mad as hell they had come up with such dramatic changes for the lake without any consultation with state leaders said Rep Earl Pomeroy D N D It was critical to quickly find a workable solution

    Original URL path: http://www.ndoil.org/news/industry_news/corps-of-engineers-nixes-moratorium-on-water-permits/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    were a lot of big and small companies that were financial bottom bouncers through a lot of tough times A lot of them didn t make it But we were able to keep our operation together We had our niche we knew the areas that we wanted to work and oil prices were low and activity was relatively slow but we were able to make a living at it and we liked it he said with a chuckle That light smile and almost self deprecating laugh then faded instantly replaced by an expression of near awe I thought the oil thing would come around I never envisioned it coming around like it has he said We thought prices would certainly come out of the 15 20 per barrel range where they bounced around for a lot of years Once they started gradually moving up our enthusiasm to risk more money and take on more leases increased spend some drilling dollars here get a couple holes in the ground there Then about six years ago Behm started building large contiguous lease blocks in Montana at reasonable prices also gathering smaller pieces in North Dakota We did what we had to do to keep ourselves moving forward in the direction we wanted to go Behm said Recognizing that opportunities were coming Behm began to gather acres in McKenzie Burke Mountrail Renville and Ward counties He said that a substantial amount of scientific research was conducted but his extensive experience in the oilfield helped as well I knew what to expect at least what to anticipate to expect in some of these potential zones Behm said Behm said he had suspected for years that there was great potential in the Bakken zone in the Parshall Plaza area at least at a level similar to that found in eastern Montana where the Bakken for a time was almost exclusively exploited Many in the industry thought It s unique to Montana you re not going to see that type of thing in North Dakota he said But he believed otherwise and decided to be original and buck the status quo You have to figure out what you want to do and do it Behm said Don t listen to anybody who s telling you that it can t work or it won t work He said a few companies began exploring the Bakken s potential in North Dakota and when that timing converged with several advances in technology those companies ended up on the higher end of the learning and experience curve Before there was a lot of trial and error a lot of things like fracing an industry term for fracture stimulation technologies have evolved Now they re getting to where the equipment that s being introduced to stimulate some of these wells is evolving every day Behm said That assemblage of larger blocks of lease properties was beginning to look better and better To be honest I didn t anticipate that the Bakken

    Original URL path: http://www.ndoil.org/news/industry_news/behms-part-of-boom/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    from the Three Forks Formation The upper fifty feet of the Three Forks Formation is the lowermost portion of the Bakken pool Knowing that there are additional recoverable deposits in the Bakken will help us to attract new investments build infrastructure and continue oil development in sustainable way over the long term Hoeven said That s good news for North Dakota in terms of jobs and opportunity and it s also good news for our country in terms of greater domestic oil production and energy security The study is similar to studies done by the state in 2006 and 2008 to confirm a preliminary unpublished estimate done in 1999 by Dr Leigh Price a U S Geological Survey scientist who died before his report could be published and peer reviewed Price predicted much higher levels of petroleum in the Bakken than was conventionally believed at the time In 2006 the North Dakota Geological Survey did a study indicating proved and probable reserves of 2 6 billion barrels In 2008 they released a study confirming the earlier study and boosting the recoverable Bakken reserve estimate to between 3 0 and 4 3 billion barrels of recoverable oil Between 2005 and 2008 wells increased by more than 20 percent from 3363 to 4080 As of April 2010 there were 111 drilling rigs and 4642 active wells in North Dakota The Mineral Resources Division s first report on the Bakken and other pools in 2006 helped to propel petroleum development in the Williston Basin earlier and now this new report will help to extend that development into the future Hoeven said North Dakota is in an excellent position to continue providing for the energy needs of the nation and reducing dependence on foreign oil Stenehjem said We can be proud of what we

    Original URL path: http://www.ndoil.org/news/industry_news/nd-three-forks-study-points-to-enhanced-bakken-sustainability/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    crude to market The state reached its pipeline rail and refining capacity of about 189 000 barrels a day in October 2008 slowing rig activity and forcing producers to take steep discounts When we hit capacity we were struggling to find alternative options said Justin Kringstad director of the North Dakota Pipeline Authority Since then infrastructure work including new rail shipping facilities and pipeline expansions has increased North Dakota s shipping capacity to about 400 000 barrels a day he said The state has increased its pipeline capacity already this year by about 110 000 barrels a day with a new rail facility and pipeline expansions Those improvements alone helped bump the price of North Dakota sweet crude by a few dollars per barrel officials say North Dakota set a production record of more than 261 000 barrels a day in February the latest figures available said Lynn Helms director of the state Department of Mineral Resources The state produced about 79 7 million barrels of oil in 2009 up from a record 62 8 million barrels the year before For a time after the state reached its takeaway capacity in 2008 North Dakota sweet crude fetched up to 28 percent less than daily oil prices on the New York Mercantile Exchange because of the difficulty in getting it to market Helms said The price differential is well under 10 percent now Helms said Transportation really got us in a bind It s nice to see that differential go way down there State Tax Department analyst Kathy Strombeck said at current production levels every 1 increase or decrease in the price of oil impacts gross state tax revenue by 9 3 million a year Helms said if crude prices hold North Dakota could hit 350 000 barrels of oil a

    Original URL path: http://www.ndoil.org/news/industry_news/north-dakota-crude-shipping-capacity-catches-production/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    Oneok Partners LP said it will build a plant near Watford City in western North Dakota by the end of next year that will process about 100 million cubic feet of natural gas daily doubling the company s capacity Brad Borror a company spokesman said the proposed Garden Creek plant pegged at a cost of between 350 million and 415 million will be adjacent to Oneok s existing Grasslands processing plant in eastern McKenzie County Natural gas from each plant will be shipped on existing pipelines to Oklahoma he said Borror said the number of jobs to open up at the proposed plant is unknown The company also plans about 200 million in new well connections expansions and upgrades to its existing natural gas gathering system in North Dakota s oil patch he said The goal is to provide more well connections to existing and future wells in the area Borror said Justin Kringstad director of the North Dakota Pipeline Authority said Oneok is North Dakota s biggest gatherer of natural gas with more than 3 500 miles of pipelines in the state Much of the existing natural gas infrastructure in the state was built in the 1980s before the

    Original URL path: http://www.ndoil.org/news/industry_news/350m-gas-expansion-planned/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    and the counties where the oil and gas is produced The state s share 20 percent is split a third to the oil impact fund capped at 8 million Grants given to oil producing counties for oil related impacts Two thirds goes to the state general fund The state general fund is capped at 71 million with the balance going into the oil trust fund The county share 80 percent is shared by the counties and the state oil trust fund The counties share is governed by the total oil and gas produced in the county It is approximately 37 5 percent of the first 18 million produced and then 10 percent of the total produced thereafter The counties share is split between county government 45 percent the school districts in the county 35 percent and the cities in the county 20 percent Townships are also included in the formula distribution and there are also limits on the larger cities in the county and school districts in the formula The 6 1 2 percent Oil Extraction Tax goes to various funds in the state government Sixty percent of this tax goes to the state general fund capped at 71 million with 4 million going to the state Oil and Gas Research Council fund and the balance to the oil trust fund Twenty percent goes to the state Resource Water Trust Fund and 20 percent goes to education purposes The Water Resource Trust Fund is used for water projects in the state such as the Southwest Water Authority The education fund is used for the school trust fund 50 percent and the state foundation aid stabilization fund 50 percent This is a short summary of the formula for the uses of these two taxes As you can see these two taxes

    Original URL path: http://www.ndoil.org/news/industry_news/a-look-at-oils-contributions/ (2016-05-01)
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