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Dear Readers ~
We have an exciting issue for you this week filled with energy and oil industry news. Hess Corporation held a grand opening of its new 32,000 square foot office complex in Tioga and Ken Callahan, MDU's district manager in Williston tells us why he wants to build his dream home and retire here.
Several companies discuss their activity in the Bakken and North Dakota has now surpassed Louisiana as the fourth largest oil-producing state in the nation according to the U.S. Energy Department (see lead article).
Sincerely,
Angela Kovacs, Publisher/Economic Development
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Report: ND is now 4th biggest
oil-producing state |
by James MacPherson, Associated Press |
 Oct. 28, 2009 - BISMARCK, N.D. - North Dakota has surpassed Louisiana as the fourth-largest oil-producing state in the nation, the U.S. Energy Department says.
The agency's Energy Information Administration said North Dakota produced 6.38 million barrels of crude in May, edging Louisiana, which had 6.34 million barrels for the month. Oklahoma was ranked fifth, at 5.7 million barrels for that month, according to the most recent figures. Oil production data typically lags at least two months. Read More. |
Hess Corporation opens 32,000
square foot office complex in Tioga |
Employees will be moving into the new facility this week.
by Angela Kovacs, Williston Economic Development |
 October 26, 2009 - Excitement filled the room October 20 when hundreds of employees, area residents, leaders in the oilfield industry and state representatives turned out for the grand opening of Hess Corporation's new Tioga office complex. Attendees listened to what Hess Corporation leaders had to say about the new 32,000 square foot building. Read More. |
MDU's district manager passionate
about Williston's community |
| Boston, Mass. raised Callahan says Williston is a great place with good hometown values.
by Angela Kovacs, Williston Economic Development |
 Oct. 27, 2009 - Ken Callahan, district manager for Montana-Dakota Utilities Company (MDU) re-located to Williston from Bismarck last December. Ken and his wife, JoAnn, have fallen in love with the area and have decided to purchase property, build their dream log home next spring and have plans to eventually retire here.
Being raised in Boston, Mass., Callahan notices the apparent differences in culture. "Williston has good hometown values and the people have great attitudes here." Read More. |
Companies optimistic about
Bakken and Sanish formations |
MDU and Hess discuss oil production in the Three Forks/Sanish and Bakken shale play
by Angela Kovacs, Williston Economic Development
 Oct. 27, 2009 - Despite the economic conditions, companies are still active in Williston Basin's Bakken and Sanish formations. Companies in this industry remain optimistic about the future as they talk about their projections and forward-looking statements. Read More. |
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Brigham Exploration announces
third quarter 2009 earnings
conference call Nov. 6 |
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 AUSTIN, Texas--(BUSINESS WIRE)-- Brigham Exploration Company (Nasdaq:BEXP) will hold its conference call to discuss operational and financial results for the third quarter 2009 on Friday, November 6, 2009 at 10:00 AM ET (9:00 AM CT). For phone number and passcode to dial in, click here. |
Brigham Exploration says Brad Olson
9-16 No. 1H well flows 2,112 boepd,
shares hit 52-week high |
by Bureau News, Associated Press |
Oct. 16, 2009 - AUSTIN, Texas - Oil and gas company Brigham Exploration Co. on Friday said that one of its wells in the Bakken Shale produced an initial rate of about 2,112 barrels of oil equivalent per day.
Brigham shares rose 51 cents, or 5.2 percent, to $10.30 in morning trading. Earlier in the day, shares reached $10.73, a new 52-week high for the stock. Read More. |
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Companies discuss activity and
completions in the Bakken |
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Bakken Shale - A blog dedicated to investment opportunities in the Bakken Shale. |
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A few of the highlights from October covered are:
- Newfield Exploration Company (NFX) discussed the Bakken Shale during its third quarter earnings conference call held on October 22, 2009.
- Kodiak Oil & Gas Corp. (KOG) announced the completion of two wells on its acreage in North Dakota in the Bakken Shale.
- Brigham Exploration Company (BEXP) reported the results of its latest Bakken Shale well completion. The Brad Olson 9-16 #1H produced 2,112 barrels oil equivalent (BOE) during its initial 24 hours of production.
- Read More.
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ND resumes record monthly oil
production, on pace for record
year despite predicted slump |
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by James MacPherson, Associated Press |
 Oct. 20, 2009 - BISMARCK, N.D. - North Dakota is again setting monthly oil production records and may be on pace to set a record for the year, state and industry officials said Tuesday.
It's a turnaround from just a few months ago, when slipping crude prices and a slumping U.S. economy led officials to believe last year's record production in the state's oil patch might never be surpassed. Now officials are happily eating crow. Read More. | |
| Hydraulic-fracturing video is newest addition to API web site |
| API |
 If you're curious how the hydrolic drilling and stimulation process is done, this video is a must see. It covers the processes that have made shale exploration successful and takes you through an educational step-by-step tutorial. The video is entitled "Natural gas horizontal shale drilling". See video here. |
| Kodiak Oil & Gas Corp. announces two more successful bakken completions |
| Reuters |
 Oct. 22, 2009 - DENVER - (PR Newswire) Kodiak Oil & Gas Corp. (NYSE Amex:KOG), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today provided an interim update on its Williston Basin drilling and completion activities. Read More. |
Samson Oil & Gas re-frac's
the Leonard #1-23H |
 Oct. 22, 2009 - DENVER- (Business Wire) In late 2008 Samson (ASX:SSN) (NYSE AMEX:SSN) participated in the drilling ofthe Leonard #1-23H, its first test of the Bakken Formation in the Williston Basin in North Dakota. This well was drilled with a 5,000 foot lateral in this objective and has produced 29,000 barrels during the intervening period. The production rate has been lower than expected at around 100 BOPD. Read More. |
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| Baker Hughes achieves 24-stage
openhole isolation in Bakken shale |
| Scandanavian Oil Gas Magazine |
 Oct. 28, 2009 - Baker Hughes successfully ran a 24-stage completion in the Williston Basin for Whiting Petroleum Corp. This is among the largest number of stages ever run using a ball/sleeve method for isolation. The Baker Oil Tools FracPoint™ EX multistage fracturing system (FracPoint EX) used on the Ogden 11-3H well allowed the single-trip isolation of 24 intervals with an 8,000-psi pressure rating, while achieving high frac rates through all the ball seats. Read More. |
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North Dakota landscape is changing |
by Kim Fundingsland, Staff Writer, Minot Daily News
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 Oct. 18, 2009 - Ever since settlers begain moving into Dakota Territory, which later became North and South Dakota, the landscape of the region has been under a constant change. In what is present-day North Dakota, only a few small tracts of land in the Red River Valley had been turned by a plow and were producing food crops by 1870. Read More. |
| New tax formula means more
funds for oil counties |
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by Jill Schramm, Staff Writer, Minot Daily News |
Oct. 24, 2009 - Changes in the state's distribution of oil and gas taxes could mean more money for road repairs and other capital projects in some of North Dakota's energy counties.
The new formula, adopted by the 2009 Legislature, reduces the state's share of collected taxes and gives more to counties, cities and schools. Mountrail County, which capped out under the old formula last year after receiving only two monthly payments, is expecting a larger, more steady revenue stream this next year. Read More. |
| Tax payers get relief |
| by Jill Schramm, Staff Writer, Minto Daily News |
 Oct. 10, 2009 - Legislative changes should mean lower tax bills for North Dakotans next year, although State Tax Commissioner Cory Fong says some of the savings could be swallowed up by higher local government spending.
The owner of a $200,000 house would receive an average property-tax savings of $675 based on school-tax reductions instituted by the 2009 Legislature, Fong said at the Magic City CPAs' luncheon in Minot Friday. Read More. |
| Article links on: REGIONAL ENERGY |
Sidney--BBC radio team tours Richland County for oil story
Building boom: House company supplies housing demand
Parshall--Unique water system moves ahead
Montana Ag Dept. Ends Sustainable Systems Case
MT--Energy and mining: Holding steady
Read Article. |
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| Article links on: THE FUTURE OF OIL |
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Industry Chiefs: Fossil fuels remain key to meeting global energy needs
Oil and the future: Remarks by John B. Hess, Chairman and CEO Hess Corp.
BP turns 100 - Let the battle begin over black gold
Report finds 'significant risk' of oil production peaking in ten years
Read Article.
Global upstream spending to return to growth by 2011 says Wood Mackenzie
Read Article.
Energy: China's Choke Point - The new book by Michael J. Economides
U.S. group launches campaign backing imports from Canada's oil sands
Read Article.
Multi-frac horizontals a game changer for western Canada
Read Article.
Western states stress energy cooperation
Read Article
Wyoming lawmakers invite Montana, neighboring states to energy meeting
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| Article links on: POLITICS AND OIL |
| Concerns raised on U.S. plan to raise taxes for oil, gas sector
Point of View: Plenty of oil out there--Develop our native energy resources
Congressional tax leaders urged to back high-paying energy jobs
Key U.S. states, issues in climate bill fight
Read Article.
EPA proposes withdrawal of Bush-Era Air Toxics Assessment
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Upcoming Energy Events |
| 11/03
North Dakota State Land Dept Mineral Lease Auction
See event details.
11/12-11/13
Accessing the Rural Electric Cooperative Renewable Energy Market
"Remember Charlie" Safety Presentations in six locations in western North Dakota
5/02-5/04 2010
18th Williston Basin Petroleum Conference & Expo in Bismarck, North Dakota
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Upcoming Williston Events |
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10/30 Trail of Treats
Trail of Treats will be held from 2:30pm to 5:00pm. Children ages 12 and under and their escorts are invited to "Trick or Treat" at participating Chamber member business locations. Trail begins at the Chamber office, where a complete list of participants will be available. A window sign will also identify Trail of Treats locations. Contact the Chamber for information at 577-6000.
10/31 All City Halloween Party
Free indoor Halloween party for kids preschool thru 6th grade, held at Williston Parks and Recreations Community Center. The party includes Games, Ballons, Prizes, Pop, Candy, Costume Judging, and most of all a Great time, for both children and parents.
11/03 Holiday Tasting Party
Economart and Country Floral's 9th Annual Holiday Tasting Party from 5-8PM. A night to enjoy fine wines, holiday hors d'oeuvres, gourmet cheeses and meats along with holiday decorating and gifts. This year proceeds will benefit the Williston EMT and Firefighters. Price of the tickets will be $25.00 per person. Must be 21 years of age to attend. Tickets can be purchased from the EMT's, the Firefighters, Econoliquor and Country Floral.
11/03 WSC plans re-dedication of Veterans' Memorial
Williston State College has planned rededication ceremonies for its veterans' memorial at 6 p.m. on the WSC Plaza. The event will be followed by a World War II Roughrider Honor Flight Reception at 7 p.m. in the Teton Grill. The public is welcome to attend.
To see a full list of events, please visit the
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Williston Wire
Williston Wire
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