RURAL REFLECTIONS Rural Reflections Radio
Here is this week's<a href="http://grantnelson00.tripod.com/sitebuildercontent/sitebuilderfiles/lettertodaveapril2012.mp3">
Rural Reflections Radio Program</a>... Posted on 4/26/12 at 12:08 PM
The Norway-North Dakota connection founded by 19th-century immigrants and “greased” by more recent ties in oil development continues to grow, as UND and the University of Bergen, Norway, look to establish a student, faculty and research exchange.
Lorin Bakken recalls it was 2007 when he began seeing his name in the newspaper and on TV frequently as the oil boom started to heat up. Since then, his family name has become synonymous with oil and opportunity.
The Bakken Formation’s oil bonanza was triggered eons ago in a story involving a cast of millions, earthly upheavals, heat and pressure — lots and lots of pressure. It’s actually a very depressing story. In a good way. Good for oil development, at least.
A typical well drilled in North Dakota's rich Bakken and Three Forks formations will produce about 540,000 barrels of oil during its 29-year lifespan and will generate more than $20 million in net profit, according to state Department of Mineral Resources data.
Rick Santorum, who has emerged in polls as the latest rival to Mitt Romney’s lead, will appear today for a town hall meeting and energy roundtable in Tioga, in the Bakken Formation, and for a campaign rally in Fargo.
Ron Ness, president of the North Dakota Petroleum Council, said Friday in Grand Forks that “there has got to be an educational process” to reassure the public about the health and environmental safety of hydraulic fracturing as the process is employed here.
Get in the flow or get out of the way. Today those might seem to be the only options in Alexander, N.D., which scarcely topped 200 residents in the latest official census. But, like the number of semi-trailers rolling through the town daily, estimated to be as high as 8,000 every 24 hours, Alexander has grown too.
Despite anti-pipeline activists’ claims, the benefits of the project pretty clearly outweigh the costs. When civil-rights demonstrators marched, chanted and got themselves arrested in the 1950s and 1960s, Americans paid attention. Voters saw the the segregated lunch counters, the “Whites Only” water fountains and other relics of Jim Crow discrimination, and acted.
Drilling, production had been slowed by wet spring North Dakota’s Oil Patch has mostly geared back up from setbacks related to the wet spring and unusual flooding across the western part of the state. As of Wednesday, a record 184 rigs were drilling new holes, said Bruce Hicks, assistant director of the oil and gas division of the state’s Department of Mineral Resources, which regulates the Oil Patch. Daily and monthly production is back at a record level.
U.S. Geological Survey offers answers to frequently asked questions about the Bakken Formation Will the oil gushing from the Bakken Formation in western North Dakota someday free the United States from dependence on foreign oil? Just how much oil is out there? Does the Bakken contain more oil than Saudi Arabia?
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