Tag Archives: North Dakota

The Bakken is driving the economy and workforce efficiencies

The results are in! In 2017, the petroleum industry’s total economic contribution in North Dakota was $32.6 billion, according to a study done by North Dakota State University, sponsored by the North Dakota Petroleum Council (NDPC). The industry supported 51,400 jobs with a total payroll of $3.8 billion, which accounts…

North Dakota Ranks #1 In Best States for Millennials

North Dakota ranks number one among all states in the best states for young adults, according to a recent study by MoneyRates.com. The study focuses on where 20- to 24-year-olds have the best shot at thriving in today’s economy. “We are excited about this ranking that acknowledges the many opportunities…

Investing and expanding with education

Companies operating throughout North Dakota and in the Bakken region may differ in size, scope and mission, but many of them share one common challenge – recruiting, developing and maintaining a skilled workforce. One effective solution to the challenge has been for organizations to look within themselves and invest in…

2019 Bakken Oil Product & Service Show Features Industry Forums

The ninth-annual Bakken Oil Product & Service Show (BOPSS) features industry forums in three key industry segments – Trucking and fleet management, engineering and management, and well site facilities. The event will be held October 2 & 3, 2019 at the Raymond Family Community Center in Williston, North Dakota.  The Bakken Oil Product…

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

Targa Resources Corp. (NYSE: TRGP) announced on February 19, 2019 that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, “Blackstone”) for $1.6 billion in cash (the…

Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow

Hess Corporation (NYSE:HES) announced in early December 2018 a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent…