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Tag Archives: north dakota

Group advises North Dakota budget use lower oil projections

North Dakota, budget projections

BISMARCK, N.D. (AP) — An advisory group of North Dakota lawmakers, state officials and business leaders has recommended much lower projections for oil prices and production when crafting budgets. A dramatic drop in North Dakota tax collections due to depressed oil and farm commodity prices has North Dakota scrambling to make up for millions of dollars in potential shortfalls. State ...

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Independence by the barrel: how petroleum fuels your Fourth

petroleum, Independence day, fourth of july

With nationwide gas prices much lower than last year as we approach the Fourth of July holiday, many more folks will be taking to the highways to celebrate. Camping, family gatherings, vacations and visits to the lake are just some of the ways people will be celebrating the extended weekend, not to mention all those awesome fireworks displays! Julie Hall from AAA reported ...

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Natural gas pipeline proposed for eastern ND, western MN

BISMARCK, N.D. (AP) — A Bismarck-based energy company says it wants to build a roughly 38-mile pipeline to deliver natural gas supply to eastern North Dakota and western Minnesota. WBI Energy Inc. said Monday that the expansion would cost an estimated $50 million. The company, a subsidiary of MDU Resources Group Inc., says the project would connect a pipeline near ...

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Burgum-Sanford ticket emphasizes energy, economic growth

Doug Burgum

Doug Burgum believes the energy industry is essential to North Dakota’s economic future. Growth of the industry provided well-paying jobs and revitalized many communities in western North Dakota. He was recently endorsed by former North Dakota Gov. Ed Schafer as “the conservative business leader we need.” As a businessman who has spent his life growing businesses, creating jobs and investing ...

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Watford City Mayor Brent Sanford balances governor’s ticket

Doug Burgum, Brent Sanford, North Dakota, governor, election

Brent Sanford knows and understands the issues that surround western North Dakota. Born and raised in Watford City, Sanford was elected mayor in 2010. Thanks to the Bakken oil boom, the city’s population jumped from about 2,000 to 12,000 during his tenure. The rapid increase in residents brought many challenges. Transport facilities were outdated. Water management needed to be upgraded. ...

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Burgum’s business background promises prosperity for North Dakota

Doug Burgum

Doug Burgum’s commitment to community is moving statewide. The Fargo-based entrepreneur and philanthropist is running for North Dakota governor and promises to create an environment that’s welcoming to business. One area he will focus on is the energy industry. “Growing up, I was told we were going to run out of oil,” Burgum said. “There was an oil crisis shortly ...

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3-day North Dakota oil expo, conference begins in Bismarck

oil expo, Bismarck, North Dakota, Williston Basin

BISMARCK, N.D. (AP) — Organizers expect about 2,800 people to attend a three-day event in Bismarck highlighting the state’s oil patch. The Williston Basin Petroleum Conference and Expo starts Tuesday at the Bismarck Civic Center. The North Dakota Petroleum Council says people come from about 40 states and a few foreign countries. The event brings together engineers, geologists, investors, CEOs ...

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Williston Basin oil expo comes amid trouble times for industry

BISMARCK, N.D. (AP) — North Dakota’s oil expo and conference kicks off at a troubled time for the industry, with depressed prices and a drop in drilling activity that has hurt both oil companies and oil-producing states like this one. The three-day Williston Basin Petroleum Conference and Expo starts Tuesday in Bismarck with a theme of “Bakken Forward,” featuring seminars ...

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North Dakota housing fund threatened with drilling downturn

North Dakota, housing, drilling downturn

BISMARCK, N.D. (AP) — A state income tax credit that helped subsidize construction of thousands of living spaces largely in western North Dakota’s oil patch has outlived lived its usefulness with the downturn in drilling and a prolonged slump in crude prices, the chairmen of the Senate and House taxation committees say. “Without a doubt, we need to re-evaluate this,” ...

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North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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