By Anna Burleson
Forum News Service
GRAND FORKS, N.D. — University of North Dakota professor Sebastian Braun points at a satellite map of Fort Worth, Texas, with small white lines and dots splayed thickly across it like veins on the dark green land.
“If you can visualize western North Dakota, in 10 years, this is what it’s going to look like,” he said.
The dots are oil-drilling pads and the white lines the roads leading up to them, which are already becoming a familiar scene in the state’s oil patch.
The Associated Press
North Dakota is poised for another surge in crude oil output, but new state regulations could soon force well operators to cut oil production unless they reduce wasteful flaring of natural gas.
The state’s top oil regulator said Monday that oil production rose 3.6 percent in May to a record 1,039,635 barrels per day and is poised to increase at a faster pace. The report comes one month after the state for the first time surpassed 1 million barrels of oil production per day.
As summer weather allows more well completions, “I am anticipating … 5 and 6 percent production increases, double what we have seen in the last couple of months,” said Lynn Helms, director of the state Department of Mineral Resources.
By Alan Dorich and the Energy & Mining International
In recent years, oil and gas companies have kept so busy in the Bakken Formation that they found they could use a helping hand. That is where Prairie Cos. comes in, CEO Patrick Hughes says.
Based in Wayzata, Minn., the company operates several businesses in the Williston Basin area that serve the oil and gas industry. Hughes started Prairie Cos. in 2011, after making investments in North Dakota through Agency Trading Group, his brokerage firm based in Minneapolis.
“I was watching what was going on,” he recalls, noting that Prairie Cos. began by providing housing services, which it now offers under its Prairie Housing Services division. Its companies also include Flatland Water Solutions, which offers fluid management services and works “with all kind of waste streams,” he adds.