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  • North Dakota Petroleum Council - Industry News
    s investment reserves reach specific levels They were eliminated last summer a consequence of the stock market swoon During the previous four years the agency s investment surplus was used to cut employers annual insurance bills between 40 percent and 62 percent Klipfel said his agency s advisory board will review updated financial information in June and decide then whether to recommend resuming the credits Klipfel said he hoped the board would be able to support a dividend of more than 20 percent There has been quite a clamor for a new round of dividends Klipfel said It can save a business a lot of money North Dakota law requires WSI to distribute dividends if its surplus is at least 40 percent greater than its required financial reserves In December the agency s surplus was almost 45 percent greater than its required reserves according to its most recent operating report Workforce Safety and Insurance pays for medical treatment rehabilitation and lost wages when a worker is injured on the job It has a monopoly on workers compensation coverage which it sells to more than 20 000 North Dakota businesses It covers about 341 000 employees The agency held a brief public hearing Wednesday about its proposed rates for the 2010 11 budget year which begins July 1 No one spoke aside from a brief presentation from Barry Schumacher WSI s chief of employer services Most of the proposed rate rise is attributed to an increase in the state s average wages Workers compensation insurance rates are now applied to each worker s first 23 700 of annual wages the agency s proposal would mean the first 24 700 of annual wages would be taxed starting July 1 Workforce Safety and Insurance calculates rates on 141 separate job classifications according to

    Original URL path: http://www.ndoil.org/news/industry_news/workers-comp-agency-proposes-3-percent-rate-hike/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    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 Ron Ness discusses job opportunities in North Dakota s oil industry and EPA

    Original URL path: http://www.ndoil.org/news/industry_news/ron-ness-discusses-job-opportunities-in-north-dakotarsquos-oil-industry-and-eparsquos-endangerment-ruling-on-the-ldquoscott-hennen-showrdquo/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    from the Peace Garden State and develop America s vast oil and natural gas resources The U S oil and natural gas industry supports more than 9 2 million American jobs and is helping create new ones every day Natural gas jobs alone have increased 20 percent since 2006 Developing the nation s untapped oil and natural gas resources could create hundreds of thousands of additional jobs generate more than 1 7 trillion in revenue for cash strapped federal and state governments and decrease our reliance on imported energy In our state the oil and natural gas industry accounted for more than 45 000 direct and indirect jobs in 2007 and contributed an estimated 8 2 billion to our economy according to a North Dakota State University study Since then North Dakota has moved from eighth place to become the fourth largest oil producing state in the nation producing nearly 62 million barrels of oil a year This increase in oil related activity equates to even more jobs even more revenue and a stable state economy in the midst of the still struggling U S economy Unfortunately the administration appears to be working at cross purposes Obama s new budget includes 80 billion in tax increases on the U S oil and natural gas industry While he has offered encouraging words about harnessing America s oil and natural gas resources he continues to push for a cap and trade policy new taxes and environmental regulations that will only harm recovery These policies won t revive the economy and they certainly won t be good for North Dakota or its residents Instead we ll simply end up paying higher prices to fuel our cars and heat our homes Eighteen months ago backed by strong public support Congress allowed the federal moratoria

    Original URL path: http://www.ndoil.org/news/industry_news/north-dakota-jobs-in-gas-and-oil/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    oil wells into production Lake Sakakawea and the Missouri River provide an abundant supply of water near much of the energy activity and are considered the most reliable water source in terms of both quantity and quality required for oil field development in western North Dakota The state s increased oil activity has resulted in infrastructure challenges such as the need for an abundant good quality water supply said Hoeven We have worked closely with water system managers and oil industry officials to identify options to enhance water development in western North Dakota These projects will address a need in the state s oil industry and help communities grow their water systems for future generations of municipal and industrial users One of the projects approved by the State Water Commission includes funding for a regional water service for the McKenzie County Water Resource District The first part of the project will bring up to 4 million gallons per day of water from Williston to McKenzie County to supply water depots that will be used for bulk water sales to the oil industry generating revenues for the continued development of the regional water system The Commission approved up to 3 5 million in funding for the 7 million project A second project approved by the Commission will tap into the existing Southwest Pipeline near Dodge in Dunn County to access up to 1 4 million gallons of Lake Sakakawea water The pipeline carries water to Dickinson for treatment and the extra water not needed by the rural water system will be sold to oil companies to enhance exploration and extraction activities in the Dunn and Mercer county area The Water Commission s actions to enhance water resources from Lake Sakakawea and the Missouri River for community and oil field use is

    Original URL path: http://www.ndoil.org/news/industry_news/hoeven-announces-projects-to-address-increased-water-demand-for-states-oil-industry/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    he said The event the biggest scheduled in Bismarck this year is expected to inject about 750 000 into the city said Sheri Grossman Bismarck Mandan Convention and Visitors Bureau s director of sales The conference revolves around discussions and workshops on the drilling issues specific to the Williston Basin and several technical aspects of the oil industry in the region Sessions will cover different levels of exploration production and transportation and are tailored toward geologists engineers and pipeline companies The Civic Center s exhibition hall will house 300 exhibition booths for industry companies Oil field equipment will also be on display outside the Civic Center North Dakota Gov John Hoeven and Sen Byron Dorgan will give presentations and Saskatchewan Premier Brad Wall has been invited The information attendees learn about the Williston Basin can be used by the oil industry in other areas as well Julie LeFever a geologist for the North Dakota Geological Survey and presenter at the conference said the physical composition of the basin has qualities that make it different from other oil reserves and offers drillers the chance to develop different extraction techniques The basin is simple it is essentially bowl shaped with a series of different rock layers filling the bowl LeFever wrote in an e mail It is well known that many of the rock formations in the Williston especially the Bakken contain oil And because it is geologically simple it makes a perfect laboratory where companies can try new drilling and completion methods An additional bonus is that these methods can then be used to explore in similar rocks in other parts of the country where it is not geologically simple In addition to technical people geologists hydrologists and other people with ist titles the petroleum conference has been attracting more people with the letters CEO in their titles As the profile of the Bakken rises in the North American oil industry the conference has become a more important event for company top executives Ness said Now we have been able attract executives who feel that this conference is the place to be he said Scheduled speakers include James Volker chief executive officer and board chairman of Whiting Petroleum and Clarence Cazalot president and CEO of Marathon Oil The keynote speaker will be Gardner Walkup vice president of IHS CERA an energy advising company that works with governments international energy and technology companies and banks He will speak about the characteristics of the Bakken play that make it an unconventional oil field The event has alternated in recent years at locations in North Dakota and Canada Ness said Last year it was held at a casino in Regina Saskatchewan where it drew about 900 industry officials The expo was held in 2008 at the state fairgrounds in Minot Ness said the event sold out at 1 400 participants We had to shut down registration because we couldn t handle any more he said Bismarck North Dakota s second biggest city behind Fargo

    Original URL path: http://www.ndoil.org/news/industry_news/basin-conference-brings-oil-industry-to-bismarck/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    rebuffed calls to build an onramp for crude from the Bakken oil fields of Montana North Dakota and Saskatchewan saying there was insufficient demand But facing political pressure to reconsider TransCanada Vice President Robert Jones said Wednesday Keystone XL was open for business with conventional crude producers in the United States Jones made that pledge after meeting with several dozen oil company representatives assembled in Billings by Montana Gov Brian Schweitzer and North Dakota Gov John Hoeven To me the producers have shown their support by being here Jones said In coming weeks and months TransCanada will meet with individual producers to work out the particulars of a potential entry point to the pipeline Jones said Initial cost estimates range from 80 million to 200 million for a project that would ship crude out of Montana and North Dakota in 100 000 barrel batches The Bakken formation holds an estimated 3 65 billion barrels of oil enough to supply the entire country for about six months and Keystone XL would pass right through it en route to the Gulf Coast But that s still paltry compared to estimates of 1 7 trillion barrels of petroleum in the oil sands where companies are signing long term contracts with TransCanada to move up to 900 000 barrels a day Hoeven and Schweitzer welcomed Jones announcement Wednesday as a chance to connect the region s oil with new refining markets on the Gulf Coast It looks like the position of TransCanada has shifted from No way to Sure we ll consider it Schweitzer said Oil producers from Montana and North Dakota said TransCanada effectively turned down their prior attempts to link into the pipeline Harold Hamm chairman of Continental Resources Inc said he was told a 20 year contract was required too long

    Original URL path: http://www.ndoil.org/news/industry_news/transcanada-to-consider-us-pipeline-onramp/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    ND Ward Williston Oil Company promoted Nathan Conway to Chief Operating Officer it was announced today by the company president Conway 32 started his career with Ward Williston in 2001 rising through the ranks from Assistant to the President to Business Development Analyst and then Corporate Development Manager He holds an MBA from the University of Michigan We are delighted to promote Nathan to COO because of his strong leadership abilities and positive can do attitude said CEO Thomas Cunnington Nathan grew up in the oil business in North Dakota and has vast knowledge from the ground up He is well respected in the industry and we look forward to his youthful vitality leading the company in a positive and aggressive direction In his new position as COO Nathan will be instrumental in positioning Ward Williston as a premier full service oil company expanding exploration and production in the Williston Basin in North Dakota and opening the Michigan market In addition his new duties will capitalize on his marketing skills Nathan will promote the service side of the business seeking major contracts to provide service to other oil companies in the area Conway will be based at the corporate headquarters

    Original URL path: http://www.ndoil.org/news/industry_news/ward-williston-oil-company-names-conway-chief-operating-officer/ (2016-05-01)
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  • North Dakota Petroleum Council - Industry News
    at Bismarck Civic Center BISMARCK The North Dakota Petroleum Council will host the 18th annual Williston Basin Petroleum Conference and Expo in Bismarck May 2 4 drawing about 2 000 industry officials and 300 exhibitors The event being held at the Bismarck Civic Center will be one of the largest events in Bismarck this year Ron Ness president of the North Dakota Petroleum Council said North Dakota s active oil industry is attracting interest throughout the nation world This event has grown rapidly because of production and interest in the Bakken formation Ness said Participants will hear presentations from top experts in the field and industry leaders from across North America will discuss the hot plays in the Williston Basin including the Bakken Three Forks and Lodgepole formations If you re in the oil or gas industry this expo is the place to be The Bakken formation is where oil producing rock is sandwiched between layers of shale nearly two miles beneath the ground in western North Dakota and parts of Montana and Canada The Geological Survey in 2008 called the Bakken formation the largest continuous oil accumulation it has ever assessed at 4 3 billion barrels The North Dakota Petroleum Council the North Dakota Department of Mineral Resources and the Saskatchewan Ministry of Energy and Resources are hosting the conference and expo which began in 1993 The conference will include more than 70 presenters covering a wide array of topics such as the latest technology engineering geology drilling frac techniques pipelines and marketing More than 500 participants have already registered This international conference brings together a wide array of industry representatives regulators and political leaders from across the United States and Canada all with a vested interest in the Williston Basin Ness said These presentations and other general education

    Original URL path: http://www.ndoil.org/news/industry_news/williston-basin-petroleum-conference-attracting-oil-industry-leaders/ (2016-05-01)
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