Great Plains Energy Corridor website launched - You can find a wealth of information on the BSC based Great Plains Energy Corridor by going to the new web site, www.energynd.com.  This site will also include their weekly newsletter, Energy Weekly.  Anyone interested is welcome to subscribe to Energy Weekly by emailing either bsc.gpec@bismarckstate.edu or emily.mckay@bismarckstate.edu.  The website includes all of the detailed information you will want on Great Plains Energy Corridor as well as all contact information. 

 

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Senator Hoeven Introduces Energy Legislation - Last week, Senator John Hoeven led a group of Senate and House leaders in launching the Domestic Energy and Jobs Act of 2012 (DEJA). The DEJA is a package of energy legislation that aims to, among other things, establish an American Energy Development Plan, approve the Keystone XL Pipeline and limit new regulations on surface mining. Senator Hoeven introduced the legislation at a press conference in Bismarck at Tubular Transport and Logistics' (TTL) facility in the Northern Plains Commerce Centre (NPCC).

 

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Bakken Oil Conference in Chicago - On July 18^th, the Minnesota Real Estate Journal hosted an event that was intended to present to the Chicago area realtors, investors, developers and business people in general a day long series of presentations related to what is happening in North Dakota including the Bakken and Three Forks oil patch.  Speakers at the event included a wide range of development leaders from Bismarck, Grand Forks, Williston and Minot, a wide variety of business representatives from various oil companies present in the patch and a number of political leaders including former Governor Ed Schafer.  Each of the participants covered some segment of the activities including the drilling and production, the community and regional impacts, the political and financial responses and the efforts to meet the mushrooming infrastructure needs.  The session which was modeled after a similar event in Minneapolis in March had well over 250 attendees.  The Minneapolis event had over 400 attendees.  Another event is scheduled for Sioux Falls in September.  Press articles were done by several media groups including the Wall Street Journal.  For a more detailed account of the event read the Market Watch article HERE.

 

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Dakota Carrier Network Opens New Facility -  Dakota Carrier Network (DCN) recently opened its new Network Operations Center (NOC) in Bismarck. The 42,000 square foot facility accommodates the company’s expanding network and growing customer needs. The new NOC, located at 4202 Coleman Street, acts as a “Fort Knox” for network connectivity, support, and monitoring purposes. For example, the vital portion of the new center can withstand F4 tornado force winds and is backed up by a 1-megawatt generator and battery plant, which provides power to the network in case of power failure. Congratulations DCN!

 

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New Member – BMDA welcomes the following new member.

 

            Consolidated Construction

            4300 N. Richmond Street

            Appleton WI  54913

            920-739-3555

            Contact:  Mark Schwei

 

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Article “Faces of the Boom” – We hear about the oil boom and the lack of workers to fill the jobs, while at the same time we hear about other parts of the country with high unemployment rates. A recent Grand Forks Herald article put faces to the names of a couple of people that relocated for work in North Dakota’s oil patch. Click HERE to read the full story.

 

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ND natural gas, oil outputs likely to jump significantly by 2025 – A study released by Bentek Energy LLC predicts North Dakota’s natural gas production could quintuple to some 3 billion cubic feet by 2025 in the Williston Basin, which includes the Dakotas and Montana.  The study also North Dakota’s oil production could be more than 2 million barrels a day by 2025, about three times the current rate. 

 

To read more about the study commissioned by the North Dakota Industrial Commission, click HERE.

 

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Oil activity in ND - The number of active drilling rigs in North Dakota on Friday was 207.  The Wall Street Journal crude oil price for Friday was $90.13. 

 

The top four oil producing states are:

 

1.     Texas – 1,770,000 barrels per day (April 2012) 

2.     North Dakota – 639,000 barrels per day (May 2012)

3.     Alaska – 552,000 barrels per day (April 2012)

4.     California – 523,000 barrels per day (April 2012)

 

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