Bismarck, N.D. – The North Dakota Petroleum Council (NDPC) will host the Oil Can! Community Day on Monday, Sept. 16 during its Annual Meeting at the Alerus Center in Grand Forks. The Community Day will include two Bakken Basics Education Sessions, a barbecue, activities for kids, and access to the NDPC Members-Only Showcase.

“We are able to host educational sessions about the oil and gas industry in western North Dakota throughout the year through our Bakken Rocks CookFests and other events, but many residents in the eastern half of the state haven’t had the opportunity to attend these kinds of events,” said Tessa Sandstrom, NDPC communications manager. “By holding our Annual Meeting in Grand Forks, we are bringing the Bakken east and giving residents of the Red River Valley the chance to learn more about the Bakken and ask industry experts about oil and gas development in North Dakota.”

The Bakken Basics Education Sessions are scheduled for 2:30-4 p.m. and 4-5:30 p.m. and will include talks by Ron Ness, president of the NDPC; Lynn Helms, director for the North Dakota Department of Mineral Resources; and Kathy Neset, president of Neset Consulting Service. A community barbecue featuring smoked pulled pork, smoked sausage and BBQ chicken, courtesy of Halliburton, will follow the educational sessions and go until 7:30 p.m. NDPC member exhibits and activities for kids, including a face painter, balloon artist and bounce house and slide will be open from 3-7:30 p.m. Exhibitors include Grand Forks businesses, as well as leading oil and gas producers and service companies operating in the Bakken. A pumping unit, workover rig, wireline truck, crane and ONEOK’s Natural Gas Mobile Museum will also be on display.

The Oil Can! Community Day is free and open to the public. For more information, visit www.northdakotaoilcan.com/events/2013CommunityDay/.

The NDPC Annual Meeting will run from Monday, Sept. 16 to Wednesday, Sept. 18, and will feature a keynote address from legendary Notre Dame coach, Lou Holtz. An agenda and costs for attending the full meeting are available at https://annualmeeting.risprojects.org. Members of the media wishing to attend may contact Tessa Sandstrom at tsandstrom@ndoil.org or 701-557-7744.

Since 1952, the Petroleum Council has been the primary voice of the oil and gas industry in North Dakota. The Petroleum Council represents more than 420 companies involved in all aspects of the oil and gas industry, including oil and gas production, refining, pipeline, mineral leasing, consulting, legal work, and oil field service activities in North Dakota, South Dakota, and the Rocky Mountain Region. Our members produced 98% of the 243 million barrels of oil produced in North Dakota last year. For more information, go to www.ndoil.org.

By:  Bob van der Valk

Bakken crude oil production in North Dakota was up back up in February to a record 779,000 barrels a day. “The record likely will be shattered repeatedly this summer”, said Lynn Helms, director of the North Dakota Department of Mineral Resources, ” A dozen more rigs have been added to the arsenal drilling in the state” .

Helms forecasted, during his press briefing in Bismarck, ND on April 16, 2013, these numbers to go even higher in the summer and said: “Those middle five months of the year will see a big surge in production,” Crude oil production took a hit in the months of November 2012 thru January 2013 due to the extreme harsh weather conditions during those months shutting down most new drilling activity.

The Tale of the Tape:

New all-time high for production: 778,176 barrels per day — compared to February 2012: 737,787 barrels per day. That’s a five percent increase.

The number of producing wells is also at a new all-time high: 8,492

Permitting:

• March:     218
• February: 185
• January:   218

Comments:

The number of completions is well above the threshold needed to maintain production so oil production rate rose sharply, up 5.6%. The number of well completions doubled in February, over January, to 170.

The NDIC estimates that at the end of January there were about 375 wells waiting on completion.

Link: the Director’s Cut at the NDIC home page

Bob van der Valk recently joined the Bakken Oil Business Journal as their Managing Editor of the bi-monthly print and digital journal editions, connecting business and resources for the greater Bakken area. Bob has collaborated & contributed to the editorial voice of the Bakken Oil Business Journal since its inaugural issue in May of 2012. He has been the source of information on the petroleum industry, as a whole, in addition to paying specific attention to the booming growth of Oil & Gas industry in the Bakken Oil Shale Region. Bob is quoted regularly in the national media for his expertise on petroleum industry matters and fluctuations in the prices of petroleum products.

Bob has over 50 years of experience in the downstream refining and marketing sector of the petroleum industry with particular expertise on the U.S. western region. He is also a regular guest on Tom Egelhoff’s “Open for Business” radio program on KMMS-AM 1450 from Bozeman discussing current events in the petroleum industry for the region.

Mary Edwards is the Publisher of the every other month edition of the Journal teeming with petroleum industry articles about the current news, technology advancements, and information pertaining to the businesses and services operating in the Bakken Oil Shale Region. In addition to the glossy color print edtionof the Journal, a corresponding digital version is available via the Internet designed for today’s popular computer tablets & smart phone mobile devices. Up to 4,000 of the Journal’s print editions are mailed direct to a demographic of businesses & companies active in the regional petroleum industry. They are also being made available to individuals attending the top Bakken Oil Regional Conferences & Energy Trade Shows.

by North Dakota Housing & Finance Agency

The Industrial Commission of North Dakota has reported that more than 600 private investors have successfully capitalized the $15 million state Housing Incentive Fund (HIF).

“Thanks to North Dakota citizens and our business community, the Housing Incentive Fund is fully capitalized and available to move forward on affordable housing projects in western North Dakota and across the state,” members of the Industrial Commission said in a joint statement. “With legislative approval, we will continue to utilize the Housing Incentive Fund to encourage even greater affordable housing development.”

The Industrial Commission, consisting of Governor Jack Dalrymple as chairman, Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem, oversees the North Dakota Housing Finance Agency, which administers HIF.

Created by the 2011 Legislature, HIF is used to develop affordable multifamily housing. Contributors to the fund receive a dollar-for-dollar state income tax credit for their contributions. Dollars given can be targeted to a specific project or community.

Ninety percent of the contributions were by individuals who contributed an average of $10,021. The largest corporate supporter was Marathon Oil Co., contributing $3 million. Gate City Bank contributed $1.25 million, the most by a financial institution.

“Developer interest in the program was strong from the start, with all of the available financing spoken for in less than a year,” said Mike Anderson, NDHFA executive director.

NDHFA has conditionally committed HIF dollars to 26 projects to create 739 new units in Beach, Belfield, Bowman, Crosby, Devils Lake, Dickinson, Grand Forks, Kenmare, Killdeer, Kulm, Mandan, Minot, Parshall, Ray, Watford City and Williston. Total construction cost for the projects is $104 million.

“Our greatest challenge was getting the word to taxpayers that they could direct their tax dollars to affordable housing development,” said Anderson. “We are grateful for assistance from our housing partners, business groups and the media in reaching this goal.”

Governor Dalrymple has proposed transferring $30 million from the state general fund for direct investment in HIF for the 2013-15 biennium. An additional $20 million in tax credits would bring the total fund to $50 million. The proposed legislation has been pre-filed as House Bill 1029.

For more information on HIF, contact NDHFA at (701) 328-8080, (800) 292-8621 orwww.ndhousingincentivefund.org.

Posted on 1/3/2013. Retrieved January 10, 2013.