Nodak78 Posted October 16, 2019 Share Posted October 16, 2019 https://bismarcktribune.com/news/state-and-regional/burgum-administration-renews-push-for-petrochemical-plant/article_651154bc-dda2-5e58-b54a-e3d8ba538d84.html?fbclid=IwAR1AaXKk9DJV8boucErp4t1vtQsMJlgXsWjBoFLDDxCIbQAspIc5rZEWnpo Quote Link to comment Share on other sites More sharing options...
Nodak78 Posted October 19, 2019 Share Posted October 19, 2019 UND needs to step and help recruit and develop the workforce for plastic production. https://www.shaledirectories.com/blog/shell-cracker-benefits-spreading-to-penn-college-and-throughout-state/ Quote Link to comment Share on other sites More sharing options...
Sioux>Bison Posted October 22, 2019 Share Posted October 22, 2019 On 10/19/2019 at 8:56 AM, Nodak78 said: UND needs to step and help recruit and develop the workforce for plastic production. https://www.shaledirectories.com/blog/shell-cracker-benefits-spreading-to-penn-college-and-throughout-state/ Chemical Engineers can be hired from UND but most of the jobs will need to be blue collar workers which would be better trained by a tech college like Bismarck state Quote Link to comment Share on other sites More sharing options...
Nodak78 Posted October 22, 2019 Share Posted October 22, 2019 Blue collar. Bismarck and Willistion works be excellent training. Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted November 5, 2019 Share Posted November 5, 2019 Looks like the dispute between Williston District 1 and 8 is settled temporarily. Williston High school will either be a giant school or another HS will be built because the enrollment there is growing so much. https://www.willistonherald.com/news/education/district-board-ok-s-million-over-years-to-keep-current/article_182aaf60-ff68-11e9-8374-479f8fbfb621.html Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted December 16, 2019 Share Posted December 16, 2019 North Dakota pumps 1.5 million barrels a month for the first time. OPEC is cutting production because of the US production oil growth and price. https://www.newsobserver.com/news/business/article238385828.html Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted December 31, 2019 Share Posted December 31, 2019 North Dakota is projected to increase beyond 800,000 people by 2020. Increase beyond a Million by 2040 https://www.willistonherald.com/news/state/governor-cheers-new-record-population-estimate/article_6ce98d28-2b46-11ea-bb7f-37089cd363fa.html http://worldpopulationreview.com/states/north-dakota-population/cities/ 1 Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 2, 2020 Share Posted January 2, 2020 The Bismarck Tribune writes a glowing editorial about ND’s past decade and future. https://bismarcktribune.com/opinion/editorial/tribune-editorial-decade-brought-growth-prestige-for-north-dakota/article_d6e1cd80-252b-5f24-8182-69a98eb00cc4.html Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 6, 2020 Share Posted January 6, 2020 McKenzie County had the fastest rate of growth in the US this decade. Mountrail and Williams were in the top 20. https://www.visualcapitalist.com/u-s-population-change-by-county-2010-2018/ Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 8, 2020 Share Posted January 8, 2020 A new cryogenic Nat gas plant that intends to feed ethane for industrial users will be built west of Williston. Most existing gas plants do not have that capability unless expensive operation additions are made. Leads one to ask what other plants will be built? https://www.kfyrtv.com/content/news/New-cryogenic-gas-processing-plant-70-mile-pipeline-to-be-constructed-in-Williams-County-566781741.html This new gas plant will be one of the largest in the state. No word on its cost. OneOk accepts minimal ethane for its NGL pipeline. This new plant will be a propane source. https://www.businesswire.com/news/home/20200107005252/en/Outrigger-Energy-II-Enters-Williston-Basin-Significant Quote Link to comment Share on other sites More sharing options...
Sioux>Bison Posted January 8, 2020 Share Posted January 8, 2020 9 hours ago, SiouxVolley said: A new cryogenic Nat gas plant that intends to feed ethane for industrial users will be built west of Williston. Most existing gas plants do not have that capability unless expensive operation additions are made. Leads one to ask what other plants will be built? https://www.kfyrtv.com/content/news/New-cryogenic-gas-processing-plant-70-mile-pipeline-to-be-constructed-in-Williams-County-566781741.html This new gas plant will be one of the largest in the state. No word on its cost. OneOk accepts minimal ethane for its NGL pipeline. This new plant will be a propane source. https://www.businesswire.com/news/home/20200107005252/en/Outrigger-Energy-II-Enters-Williston-Basin-Significant Sounds like the plant will deliver NGLs to Oneok and natural gas to the Northern Border. What is unclear is why they would have a cryogenic system built if they don’t intend to deliver more Ethane to either a pipeline or other industrial user. I think Oneok can ship more ethane than you think. Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 8, 2020 Share Posted January 8, 2020 5 hours ago, Sioux>Bison said: Sounds like the plant will deliver NGLs to Oneok and natural gas to the Northern Border. What is unclear is why they would have a cryogenic system built if they don’t intend to deliver more Ethane to either a pipeline or other industrial user. I think Oneok can ship more ethane than you think. Ethane going to Texas is simply uneconomical. The less than 20% already there can be eliminated by another cryogenic unit installed by OneOK. Their simply isn’t anywhere that it can go except industry. The Northern Border pipeline is running out of space for more ethane. The Canadian flow of gas is way down so it has mostly Bakken gas now. The NGL pipeline economics are for propane and butane as ethane has such a low price. An answer could be get an ethane to ethene plant and send the ethene to Texas too. Ethene is much more expensive and there are exports from Texas now too. Ethane is so low cost it is analogous to nitrogen, Quote Link to comment Share on other sites More sharing options...
Sioux>Bison Posted January 10, 2020 Share Posted January 10, 2020 On 1/8/2020 at 3:46 PM, SiouxVolley said: Ethane going to Texas is simply uneconomical. The less than 20% already there can be eliminated by another cryogenic unit installed by OneOK. Their simply isn’t anywhere that it can go except industry. The Northern Border pipeline is running out of space for more ethane. The Canadian flow of gas is way down so it has mostly Bakken gas now. The NGL pipeline economics are for propane and butane as ethane has such a low price. An answer could be get an ethane to ethene plant and send the ethene to Texas too. Ethene is much more expensive and there are exports from Texas now too. Ethane is so low cost it is analogous to nitrogen, The same company has a cryogenic plant in WY and there is no local user if ethane there. Some of the ethane is separated out and shipped by Oneok with the other NGLs. They may be losing money separating out more ethane but they may not have a choice but to lose money to get rid of it if their ethane levels are too high for Northern Border. Yes having a local user would be nice for the local producers but that plant would be even farther out from being constructed than this gas plant. Whether it is short term or long term this plant will be shipping more ethane down Oneok’s NGL pipeline. Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 17, 2020 Share Posted January 17, 2020 On 1/10/2020 at 8:29 AM, Sioux>Bison said: The same company has a cryogenic plant in WY and there is no local user if ethane there. Some of the ethane is separated out and shipped by Oneok with the other NGLs. They may be losing money separating out more ethane but they may not have a choice but to lose money to get rid of it if their ethane levels are too high for Northern Border. Yes having a local user would be nice for the local producers but that plant would be even farther out from being constructed than this gas plant. Whether it is short term or long term this plant will be shipping more ethane down Oneok’s NGL pipeline. Creating ethene (ethylene) from all the ethane is a creative solution. Ethene does not decompose, is a much value product that ethane so OneOK would make substantial profit transporting it, and now there are ethene exporting facilities in Texas because other countries can make polyethylene cheaper from ethene than regular hydrocarbons. Not saying it would happen, but the incentives can’t be denied. Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 17, 2020 Share Posted January 17, 2020 Tioga is pushing to get ahead of the curb to be home to a petrochemical plant: https://www.willistonherald.com/news/oil_and_energy/tioga-completes-study-showing-it-s-air-has-plenty-of/article_b2bf8c18-38ab-11ea-b605-57a9636c3a06.html Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted January 17, 2020 Share Posted January 17, 2020 1 hour ago, SiouxVolley said: Tioga is pushing to get ahead of the curve to be home to a petrochemical plant: https://www.willistonherald.com/news/oil_and_energy/tioga-completes-study-showing-it-s-air-has-plenty-of/article_b2bf8c18-38ab-11ea-b605-57a9636c3a06.html A plastics plant last year presented Tioga or Stanley to be possible choices. https://bismarckstate.edu/master-news/Plasticsplantcouldbring200jobstoTioga/ Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted April 1, 2020 Share Posted April 1, 2020 https://www.marketwatch.com/story/whiting-petroleum-files-for-bankruptcy-has-enough-liquidity-to-keep-operating-its-business-2020-04-01 Quote Whiting Petroleum Corp. WLL, -44.421% said Wednesday that it has filed for bankruptcy, as the company concluded that given a "severe downturn" in oil and gas prices resulting from the Saudi Arabia-Russia oil price war and COVID-19-related impact on demand a financial restructuring was the "best path forward." The stock was down 12% in premarket trading toward a record low prior to a trading halt for news. The company said it has "sufficient liquidity," including $585 million in cash, to keep operating its business and to meet financial obligations during the restructuring withou the need for additional financing. Quote Link to comment Share on other sites More sharing options...
northernraider Posted April 1, 2020 Share Posted April 1, 2020 28 minutes ago, UNDBIZ said: https://www.marketwatch.com/story/whiting-petroleum-files-for-bankruptcy-has-enough-liquidity-to-keep-operating-its-business-2020-04-01 Interesting how fast they fell from the major player in Bakken to bankruptcy. Can someone smarter than me explain despite having enough operating capital, they are declaring bankruptcy? Is the $585 million just enough to get them through the liquidation process? FYI: https://www.bloomberg.com/news/articles/2020-04-01/whiting-executives-got-14-6-million-bonuses-before-bankruptcy?sref=5F8Ao01j Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted April 1, 2020 Share Posted April 1, 2020 32 minutes ago, northernraider said: Interesting how fast they fell from the major player in Bakken to bankruptcy. Can someone smarter than me explain despite having enough operating capital, they are declaring bankruptcy? Is the $585 million just enough to get them through the liquidation process? FYI: https://www.bloomberg.com/news/articles/2020-04-01/whiting-executives-got-14-6-million-bonuses-before-bankruptcy?sref=5F8Ao01j Sounds like they'll try to reorganize rather than liquidate. From your article: Quote As part of the deal, the senior executives agreed to forfeit equity awards they were in line to receive this year. And from mine: Quote exising stockholders to receive 3% of the new equity in the reorganized company Nice of the senior execs to forfeit receipt of essentially worthless stock. Unless I'm reading it wrong. Quote Link to comment Share on other sites More sharing options...
Sioux>Bison Posted April 1, 2020 Share Posted April 1, 2020 3 hours ago, northernraider said: Interesting how fast they fell from the major player in Bakken to bankruptcy. Can someone smarter than me explain despite having enough operating capital, they are declaring bankruptcy? Is the $585 million just enough to get them through the liquidation process? FYI: https://www.bloomberg.com/news/articles/2020-04-01/whiting-executives-got-14-6-million-bonuses-before-bankruptcy?sref=5F8Ao01j Their debt load has just been so unbearable since they bought out Kodiak at noon prices right before the downturn by essentially borrowing for most of the purchase. Then during the downturn they were forced to sell their oil at huge discounted prices because of pressure from the financial and investment community. If they would have saved their barrels and waited to pay their expensive production costs they may have been able to make it through. They just could never recover from their debt. Hopefully they make it through for the workers and their livelihoods. Sadly Chesapeake and Oasis are also on the verge of insolvency..... Quote Link to comment Share on other sites More sharing options...
Sioux>Bison Posted April 15, 2020 Share Posted April 15, 2020 Man it’s getting ugly in the patch with not much end in sight. A couple buddies already laid off and more cuts coming. This will start to trickle down to midstreams and consulting firms. Jobs once thought to be secure are no longer. Let’s pray we get the economy opened up for many of these families. Quote Link to comment Share on other sites More sharing options...
bison73 Posted April 15, 2020 Share Posted April 15, 2020 2 minutes ago, Sioux>Bison said: Man it’s getting ugly in the patch with not much end in sight. A couple buddies already laid off and more cuts coming. This will start to trickle down to midstreams and consulting firms. Jobs once thought to be secure are no longer. Let’s pray we get the economy opened up for many of these families. My BIL has worked for a company for 20 years. His job was to place workers on rigs according to specialty etc etc. He was just furloughed for 4 months. Quote Link to comment Share on other sites More sharing options...
SiouxVolley Posted April 15, 2020 Share Posted April 15, 2020 38 minutes ago, bison73 said: My BIL has worked for a company for 20 years. His job was to place workers on rigs according to specialty etc etc. He was just furloughed for 4 months A relative was just reduced to part time for four months. He still needs to show up but the time is reduced by half. The company that is still profitable because of foreign Nat gas holdings and smart hedging. Quote Link to comment Share on other sites More sharing options...
Vegas_Sioux Posted April 20, 2020 Share Posted April 20, 2020 West Texas Intermediate has trading halted today. With a price between 1.03 and 1.38 per barrel. Quote Link to comment Share on other sites More sharing options...
Nodak78 Posted April 20, 2020 Share Posted April 20, 2020 8 minutes ago, Vegas_Sioux said: West Texas Intermediate has trading halted today. With a price between 1.03 and 1.38 per barrel. Canadian crude is paying the buyer 15 cents/barrel(I assume CDN) to take it off their hands. Quote Link to comment Share on other sites More sharing options...
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