March Newsletter: Bakken Draws Blood for CommunityMarch 29, 2015
MONTHLY NEWSLETTER FOR MARCH 2015
BATTLE OF THE BAKKEN BLOOD DRIVE A SUCCESS
Energy of North Dakota and the NDPC Outreach Committee launched its first annual Battle of the Bakken Blood Drive with great success. The industry had 141 volunteers who “found the hero in them” and donated their time and blood to United Blood Services (UBS).
The friendly competition pitted oil companies against one another to try and increase donations to UBS. Companies garnering the most volunteers received $1,000 for the charity of their choice.
Whiting Petroleum, winner of the Food and Fun Toy and Food Drive, won again in the category of 51 or more employees and a contribution of $1,000 will be donated to Wounded Warriors on their behalf. Panther Pressure Testing of Watford City again won the category of 50 and fewer employees again with a contribution of $1,000 going to the McKenzie County Health Benefit Fund to help them with the construction of a new healthcare facility in that county.
A new series highlighting the service companies who go out of their way to not only provide great service to their clients, but great service to their communities.
Family Focus, Community Involvement a winning recipe for Purity Oilfield Services
Purity Oilfield Services is only three years old, but through hard work, a focus on providing clients with the services they need most, and an emphasis on hiring employees dedicated to community and making North Dakota their new home, the company has grown immensely.
“This is a great place to live, and we encourage most of our employees – most of whom aren’t local North Dakotans – to move here, find a place to live, bring their families here, and be active and contributing members of the community,” said Marshall Hunt, president of Purity Oilfield Services.
NEARLY A THIRD OF ALL SALARIES AND WAGES IN ND SUPPORTED BY PETROLEUM INDUSTRY Oil and Gas Industry Contributed $43 billion to North Dakota’s Economy in 2013
$43 billion. That’s the economic impact that the petroleum industry had on our state in 2013. What does this mean? In short, it means that the oil and gas industry has been one of the biggest economic drivers for the state over the past decade. But the full story is not the total number; it’s how this impacts each and every person in North Dakota—and don’t be mistaken, it does!
The study found that the biggest winners of oil and gas development in North Dakota were retailers. Retail trade accounted for $11.3 billion of the $43 billion total. Individuals were the second largest benefactors accounting for a total of $9.3 billion of personal income. This included $6.23 billion in wages and salaries and $3 billion in income from royalties, lease bonuses and other income. What stands out about this figure is not so much the total, but the fact that the $6.3 billion represents 36 percent of all of the state’s income from the private sector, or 31 percent of the total state income from both the private and public sector.
The finance, insurance and real estate industries were the fourth largest benefactors at $4.5 billion, followed closely by government, which took in $4.4 billion in royalties, lease bonuses, taxes and other revenues. This, of course, goes toward funding our schools, law enforcement, roads and infrastructure, parks and recreation, tax relief and other services and priorities.
CONTINENTAL CARES: GRANT PROGRAM HELPS ENHANCE EDUCATION IN NORTH DAKOTA
Deadline for the 2015-2016 school year grants is May 1
Funding the Future, a grant program operated by Continental Resources and now in its second year provided resources to three schools in North Dakota to help enhance reading, science, technology, engineering and math programs. Schools in Halliday, Killdeer and Tioga were chosen this year.
“The Funding the Future Grant gave the students of Killdeer the opportunity to better explore the microscopic world,” said Ashley Viveros, a teacher in the Killdeer, which used the funds to purchase new microscopes for class. “We are so appreciative of the generosity of Continental.”
The Energy of North Dakota program hosts more than 40 teachers each spring to help expand teachers’ knowledge of the North Dakota oil and gas industry from its prehistoric beginnings to the final product.
The seminar covers various aspects of the industry including history, geology, physics, engineering, production issues, refining and marketing, employment needs, and the impact of oil tax on state tax revenues, policy decisions and the state’s budget surplus. In addition to learning from a number of industry professionals regarding various aspects of the industry, teachers have the opportunity to tour a well site, drilling rig, producing well, rail facility, reclaimed site, the Mandan Tesoro Refinery, and the North Dakota Heritage Center.
About 15 spots are still available. Hurry and register because space is limited!
OIL AND GAS COMPANIES HONORED FOR BEST PRACTICES, COMMUNITY SERVICE
Several companies operating in North Dakota were presented awards at the Rocky Mountain Oil and Gas Awards which recognize the great gains being made by upstream and midstream companies in the key areas of corporate social responsibility, the environment, and health and safety. This is the third year the awards have been held.
“It is clear that caring for the environment, their communities and their staff is at the forefront of [oil and gas companies’] operation and key to running a successful and profitable business,” says Daniel Creasy, Founder, Chairman & CEO of the Oil & Gas Awards. “Our mission is to enable these companies to celebrate their achievements and show their commitment to these critical issues to the general public and non-industry press.”