Retrieved May 6, 2013  •  By PIPER HAUGAN Montana Standard
BUTTE — In former Gov. Brian Schweitzer’s words, the Bakken oil formation in Eastern Montana and North Dakota is “a millionaire maker.’’

Schweitzer, speaking at a conference at Highlands College on Friday, focused his talk on the demand for solid Main Street businesses in that area.

The conference, called “Tapping Opportunity in the Bakken,” highlighted the status of the Bakken oil field and the challenges of doing business in the area. Schweitzer joined a host of speakers.

Schweitzer’s speech was full of his usual humor — “Why would you call something good a frack?” he asked, regarding the controversial method of extracting oil and gas that he supports.

A soil scientist, Schweitzer told the audience that one doesn’t have to be in the oil business to profit off of the boom in Eastern Montana. There are many other demands — with infrastructure like sewers and roads in need for repair, a desperate shortage of housing and visitors’ accommodations and the need for other basic necessities like transportation and food.

“If you know anything about anything … if you’re good at it, you’ll make money in the Bakken,” he said.

He pointed out that oil companies in the Bakken spend $750 million a year on sand alone for their fracking operations. At the selling rate of $80 to $160 a ton, people – Montanans –could make money simply by selling sand, he said.

He also said with issues over water rights, it’s “going to take a bunch of lawyers out there to get it sorted out.”

He said the Bakken is not going to be a boom-bust region, but will continue to thrive.

“Whatever you study, it doesn’t matter,” he said. “If you go to the Bakken, you’re going to hit home runs.”

Consultancy of the Year – Antea Group

Corporate Social Responsibility Initiative of the Year – Aon Corporation

Drilling & Well Services Company of the Year – Marquis Alliance Energy Group

E&P Company of the Year, sponsored by TEEMCO – QEP Resources, Inc.

Engineering Company of the Year, sponsored by Cosential – Spartan Engineering Inc.

Environmental Initiative of the Year, sponsored by Austin Exploration – TEEMCO, LLC

Future Industry Leader – Megan Starr

Health & Safety Initiative of the Year – FTS International

Industry Leader – Mark C. Peterson

Industry Supplier of the Year – Frank Henry Equipment USA, LLC

Insurance Provider of the Year – IMA, Inc.

Law Firm of the Year – Burleson LLP

Manufacturer of the Year – Cobra Manufacturing & Sales LLC

Midstream Company of the Year, sponsored by Spartan Engineering – High Sierra Energy, LP

Recruitment Agency of the Year – Precision Placement Services, Inc.

Terminal of the Year – Savage

Transaction of the Year, sponsored by mergermarket – Encana Oil & Gas (USA) Inc.

Trucking Company of the Year – Brady Trucking, Inc.

Water Management Company of the Year – BeneTerra

Congratulations to all of the 2012 Rocky Mountain Oil & Gas Awards winners. Thanks to all of the sponsors and partners.

For full information on the awards please visit: http://www.oilandgasawards.com/?page_id=12

If you would like to arrange interviews, or review video and photo assets and for anything else please contact: Marc Bridgen on +1 (210) 591 8475 or email marc@oilandgasawards.com.

About the Awards:

The Oil & Gas Awards recognize the outstanding achievements made within the Upstream and Midstream sectors of the North American Oil & Gas Industry. The Awards are a platform for the Industry to demonstrate and celebrate the advances made in the key areas of the environment, efficiency, innovation, corporate social responsibility and health & safety. The Awards show the Industry’s motivation to develop by recognizing and rewarding the efforts of corporations and individuals.

The Oil & Gas Industry is of upmost importance to the U.S. National Economy and instrumental to both National and Energy Security. In its areas of operation the Oil & Gas Industry also plays a key role for local communities and their economies. Through innovation the Industry has driven forward technological developments, which have created a renaissance in the energy sector, enabling the U.S. to tap into one of the worlds largest natural gas reserves. In spite of its significance, the Industry still has its critics and gets more than its fair share of negative press. The Oil & Gas Industry has made great gains in meeting its responsibilities to the environment, to corporate social responsibility and the health & safety of staff and the public alike.

The awards take place in the six main onshore Oil and Gas producing regions of North America, including; Gulf Coast, Mid Continent, Northeast, Rocky Mountain, Southwest and West Coast. The Awards are designed to focus on specific regions of North America to allow geographically relevant organizations the ability to network at the gala dinner, and to ensure successful companies can utilize and benefit from their ‘winners status’ within their business community. In combining the Midstream and Upstream sectors, the awards bring together partners, and enable these co-dependent markets to acknowledge one another’s achievements. A number of the Award categories recognize service providers to the Industry, who play a vital role in its success and contribute to its reputation. The Awards welcome entries from organizations of every size and each entry is judged on its individual merits, and on a level playing field with its competition.

The Awards and the Organizations involved will be publicized in local, national and international trade publications and general press, in the run up to and after each ceremony. The core aim of the Oil & Gas Awards is to advertise and promote the Industry’s drive to improve and develop by rewarding organization’s achievements.

The Oil & Gas Awards mission is to become the most prestigious and sought after Awards in the Industry. The reputation of the Awards is paralleled to those of its judges and the Organizations they represent. To this end, appropriate candidates for the judging panels have been carefully researched and recommendations sought to find Industry thought leaders. Each judging panel consists of a mix of highly respected individuals from market leading E&P and Midstream companies.

For additional information, or to arrange interviews with staff, judges or partners please contact Marc Bridgen, Chief Marketing Officer on +1 210 591 8475 or marc@oilandgasawards.com.

Contact: Jeff Zarling
Phone: 701-577-1100
Email: info@bakkenconference.com

Minot, ND—The Bakken Investor Conference employs Attendee Communication System and the Dawa Events Mobile App to facilitate attendee communications and connections before, during and after the event.

Dawa Solutions Group has partnered Sleep Inn & Suites Minot to host the 3rd Annual Bakken Investor Conference on April 24 through April 26 to connect investors with oil and gas companies and real estate developers to explore investment and development opportunities in the Bakken Shale play.

“The oil and gas industry is driving the economy in the Williston Basin and with it the need for more housing and real estate development. Although the Williston Basin is growing, it still has a local feel,” noted Jeff Zarling, President, Dawa. “If you want to do business in the Bakken, you have to get here. Face-to-face interactions and connections are key factors in successfully doing business in the Williston Basin.”

The Attendee Communication System is a private systems platform that allows attendees to view and connect directly and confidentially with other attendees before, during and after the conference.

Attendees can comfortably contact one another through the system without having to worry about their information being freely circulated. Attendees have complete authority over who receives their information.

The Dawa Events Mobile App gives attendees access to the conference agenda, list of exhibitors, and list of attendees directly from their phone or other Apple or Android mobile device. Like the Attendee Communications System, the app allows users to privately message one another before, during and after the event.

The app is available to download from both the apple store for apple devices and the Google play store for android devices. Instructions to login and use these tools are posted at www.BakkenConference.com/attend.

“It’s paramount for the successful growth and development of our community to bring together these two key industries and their investors,” he added. “With the Attendee Communications System and the DEMA, making connections at an event has never been easier.”

In addition to the technology tools, the conference also hosts an Attendee Connection. The Attendee Connection is a forum which allows each attendee 30 seconds to introduce him/herself and tout any other relevant information. As part of the forum, conference attendees receive a numbered list of attendees, noting their name, title and represented entity. During each introduction, the attendee states what number represents him/her. Using the list, attendees can quickly and easily identify the speaker and make notes next to those attendees with whom they want to personally meet or contact.

“The Attendee Connection is a significant aspect of the conference,” stated Zarling. “It’s the equivalent of speed dating but for business relationships and has been a hit with attendees at our past conferences.”

For more information on the Bakken Investor Conference, please go to www.BakkenConference.com.

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By: Amy Dalrymple, Forum News Service
THE DICKENSON PRESS

BISMARCK – Oil companies operating in North Dakota are keeping the brakes on this spring, but a “big surge in production” is expected this summer and fall, the director of the Department of Mineral Resources said Tuesday.

Lynn Helms said he expects the drilling rig count will increase from today’s count of 186 to 198 this summer, bringing as many as 2,000 more workers to Oil Patch communities.

Helms said he expects winter weather and spring road restrictions will continue affecting oil production for a few more months.

“It is going to be May, maybe even June, before production seriously gets underway,” Helms said.

Oil production rose 5.6 percent in February to 778,971 barrels per day, according to preliminary figures Helms released Tuesday.

The figure represents a new all-time high for North Dakota, but Helms said the increase was more modest than what he had projected.

“It’s still difficult to operate an oilfield and drill and frac wells in February, even a good February in North Dakota,” Helms said.

The department expects that winter storms will affect oil production in March and April. Helms projects it will take until May before the state hits 800,000 barrels per day.

“They’re keeping the brakes on as they ramp up a little bit this summer,” Helms said.

But once conditions improve, companies are expected to continue increasing their efficiency and drill more wells in less time.

Helms said the industry is proposing more multi-well pads, with seven wells on one location being the most popular number.

“It’s a positive thing because it decreases the footprint, increases the production and allows us to recover more of the Bakken and Three Forks oil,” Helms said.

One location in North Dakota has 14 wells that have been drilled. Helms said he’s signed three orders approving 18 wells on one location and he knows of two proposals that will come before him requesting to drill 24-well pads.

Flaring of natural gas rose about 1 percent in February to 30.4 percent, the second month in a row with an increase. The high was 36 percent in September 2011.

However, there has been huge improvement in the average number of days a well flares, Helms said. In 2007, a typical well flared for 380 days. In 2011, the average was 172 days and in 2012 the average was 51 days, Helms said.

Helms said he anticipates more progress will be made on reducing flaring this summer.

CenterPoint Energy Bakken Crude Services LLC (CEBCS) said on Tuesday that it has entered into a long-term agreement with XTO Energy Inc., a subsidiary of Exxon Mobil Corporation, to gather XTO’s crude oil production through a new crude oil gathering and transportation pipeline system in North Dakota’s liquids-rich Bakken shale.

CEBCS is an indirect, wholly owned subsidiary of CenterPoint Energy Inc. The agreement with XTO is the first agreement entered into pursuant to the open season announced by CEBCS on Feb. 19.

Under the terms of this new agreement, which includes volume commitments, CEBCS will provide service to XTO over a gathering system to be constructed in Dunn and McKenzie counties, N.D. The gathering system will have a capacity of up to 19,500 b/d.

CenterPoint Energy Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission and distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field services operations.

The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Assets total more than $22 billion. With over 8,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years.

–Edgar Ang, eang@opisnet.com

 

Bakken Investor Conference Features Speakers Dale Brown, Retired Hall of Fame Basketball Coach, and American Petroleum Institute’s Chief Economist Dr. John Felmy

Minot, ND, March 19, 2013 – The 3nd Annual Bakken Investor Conference connects investors with oil and gas companies and real estate developers to explore investment and development opportunities in the Bakken Shale play.

2013 Bakken Investor Conference
April 24-26, 2013
Sleep Inn & Suites
Minot, North Dakota

www.bakkenconference.com

Dale Brown – Author, Motivational Speaker, Retired Hall of Fame LSU Basketball Coach and Minot, North Dakota Native
The conference kicks off with a keynote address from Dale Brown, legendary coach, author, motivational speaker and Minot native. He began his career as a high school coach, teacher and principal in North Dakota. Brown is a member of the North Dakota Sports Hall of Fame and the North Dakota Basketball Coaches Hall of Fame.

As a basketball coach at Louisiana State University, he appeared in 15 straight national tournaments and is the second most winning coach in SEC history, leading teams to 17 consecutive non-losing seasons. Now retired, Coach Brown is a professional speaker working with organizations that want to achieve success and inspire a winning attitude towards work and life.

Oil and Gas, and Real Estate Industries
The oil and gas industry is driving the economy in the Williston Basin. The real estate developers and investors build out the housing, industrial, commercial and other infrastructure needed to sustain energy and economic development in the Bakken. Bringing together these two key industries and their investors will help each to better understand the other and expand development for their mutual continued success.

John Felmy, Ph.D, Chief Economist, American Petroleum Institute
Dr. Felmy is responsible for overseeing economic, statistical and policy analysis of the Institute. He has more than 25years of experience in energy, economic and environmental analysis. He will present a survey of current conditions and an outlook for oil & gas.

Emerging Issues and Market Conditions in the Energy Sector
Investors need to understand the opportunities, challenges, and risks of the market. The speakers and panel presenters will provide the latest information on emerging issues in the Williston Basin including: “Market Access and Development Initiatives” – Eric Schaeffer, Business Services Manager, Enbridge, Inc.

Real Estate Investment Information
Investors want to understand the current market conditions, the future outlook and concrete data to analyze their investment options. The real estate topics will allow investors to make better investment decisions.

Dr. Nancy Hodur, Research Scientist, and Dean Bangsund, North Dakota State University
Population and household projections are core metrics used in determining demand for products, services, and real estate development. Dr. Hodur and her colleagues have conducted several studies recently including the population analysis and projections and the recently released economic impact of the petroleum industry in North Dakota.

Increasing Debt Financing in the Bakken
Debt financing has been elusive for developers in the Bakken. The Bank of North Dakota has developed a sub-participation program to help address the problem. The panel will include representatives from the Bank of North Dakota, local and regional lenders, and developers discussing case studies.

Jon Nelson, Hegg Development Group
“Raising Wall Street Money for Bakken Real Estate Projects”
Jon Nelson will share his experience and insights into the current environment for raising money from investors for Bakken real estate opportunities.

About the Bakken Investor Conference
The Bakken Investor Conference is produced by Dawa Solutions Group and Minot Lodging Expo. The conference is sponsored by:

Hegg Companies – www.heggcompanies.com
Evercorp – www.evercorpbuildingsystems.com
Cirrus Aircraft – www.cirrusaircraft.com
Mainstream Investors – www.mainstreamnd.com

Contact
Bakken Investor Conference
Jeff Zarling
701-577-1100
info@BakkenConference.com

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