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September 2014: Spotlight on service as giving back shinesSeptember 29, 2014
MONTHLY NEWSLETTER FOR SEPTEMBER 2014
Statoil sponsors Scandinavian Youth Camp at Norsk
It’s no secret many North Dakotans are proud of their Scandinavian heritage, which has to make Statoil, a Norway-based oil company operating in the Bakken, feel right at home. This year, the company was once again a major sponsor for North America’s largest Scandinavian festival, the Norsk Høstfest.
The Høstfest officially kicks off on Tuesday, Sept. 30, but already children in grades 2-12 got a head start in celebrating their Scandinavian roots. The Scandinavian Youth Camp, which is presented by Statoil, was held Sept. 27 and 28 in Minot. Students had the opportunity to explore Scandinavian culture through stories, songs, dance, and hands-on learning experiences.
View coverage on the Scandinavian Youth Camp by clicking here and here or learn more about the camp by clicking here.
Small businesses fuel the U.S. oil boom
If you think “big oil” is driving North Dakota’s energy boom, think again. According to a report by the American Petroleum Institute (API), it’s really the 876 small businesses that are the fuel behind the state’s rise in energy production. These vendors include businesses from across a broad economic spectrum, says the report, including small equipment suppliers, warehousers, large container makers, real estate companies, wild land restoration companies, modular laboratory and housing manufacturers, uniform suppliers, port-o-john rental companies, administrative support firms, and many more.
The report also found the oil and gas industry supports about 64,000 jobs in North Dakota.
Belfield Fitness Center nears completion thanks to contribution from Hess Corporation
Students in Belfield will soon have access to new fitness equipment thanks in part to a $35,000 contribution from Hess Corporation. The company presented the check to the Belfield Boosters Club and Belfield Public School earlier this month for the purchase of fitness machines and weight-lifting equipment, which will provide a safe and healthy environment for students and the public to exercise.
“The Belfield area is part of Hess’s story in North Dakota,” said Steve McNally, Hess General Manager, North Dakota. “Our contribution fits in our commitment to meet the highest standards of corporate citizenship by creating long lasting, positive impact on the communities where we do business.”
“With Hess’s contribution we are able to complete the fitness center in the Belfield School,” said Lori Hlebechuk, Vice President of the Belfield Booster Club. “As our community grows, we want to be able to meet the needs of our youth and the people in the region. This contribution helps Belfield provide benefits to our people long into the future.”
Health and wellness are fundamental to the Hess culture and integral to its business. Hess is proud to invest in high impact programs, especially in the areas of education, health, and community development.
Stable gas prices brought to you in part by the Bakken
The U.S. would have been in “big, big trouble” without domestic oil production, said U.S. Energy Administrator (EIA) Adam Sieminski at the North Dakota Petroleum Council Annual Meeting last week. Without shale production, said Sieminski, oil could be at $150 per barrel because of turmoil overseas. This would have translated to higher prices at the pump for many Americans.
The EIA forecasts that gas prices could continue to decline through the rest of the year, possibly reaching the lowest monthly average price since 2010. The U.S. now accounts for 10 percent of world oil production, squeezing out imports from the Middle East. The EIA forecasts that U.S. crude production is expected to surge to a 45-year high next year contributing even further to stable energy prices.
Hess Corporation Recognized by CDP as S&P 500 Leader for Climate Change Transparency
CDP, an environmental not-for-profit organization, recognized Hess Corporation as a leader among S&P 500 companies for the depth and quality of climate change data it discloses to investors and the global marketplace. On the 2014 Climate Disclosure Leadership Index (CDLI), which the CDP announced last week, Hess is one of only 14 companies across all sectors to receive a score of 100 and the only energy producer to be awarded a position on the CDLI.
“We are unwavering in our commitment to being a trusted energy partner that helps meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way,” said Hess CEO John B. Hess. “We are proud of our progress and dedicated to building a sustainable enterprise that will make a positive difference for our stakeholders and the world around us.”
This is the sixth consecutive year that Hess has earned a position on the CDLI. Sixty-three S&P 500 companies are featured in the 2014 CDLI, which can be found at: www.cdp.net.
Earlier this month, the company also earned a place on the Dow Jones North America Sustainability Index for the fifth straight year, putting it among the top 10 U.S. and Canadian oil and gas companies for sustainability leadership and has also been recognized as a leader in sustainability among energy producers by Corporate Responsibility Magazine’s 100 Best Corporate Citizens list for 2014 and Newsweek’s 2014 Green Rankings.
While the oil and gas company Cimarex Energy Co. doesn’t operate in North Dakota, the company is still making an impact in the state. This is thanks to generous contributions to the University of North Dakota (UND) from Paul Korus, the company’s senior vice president and chief financial officer.
Korus was born and raised in North Dakota and attended UND. In 2010, he established the Excellence in Education Endowment, a program dedicated to bolstering research by faculty. Last year, the endowment brought together the Department of Economics and the School of Medicine & Health Science to examine medical services in the oil patch.
Although UND is on the opposite side of the state as oil development, that doesn’t mean it can’t play a huge part in it. The school is working toward a Collaborative Energy Complex, a 30,000 state-of-the-art facility that will be focused on research and solutions for the needs out west.
The new complex has received contributions from Hess Corporation and the North Dakota Higher Education Challenge Fund to help get it on its way.
Industry leaders and public servants recognized for excellance
Four individuals were honored for their outstanding service to the public and the industry during the North Dakota Petroleum Council held its Annual Meeting in Dickinson, ND, last week:
Mike and Dave Hynek – Outstanding Public Service Award
The North Dakota Petroleum Council (NDPC) presented the Outstanding Service Award to brothers Mike and Dave Hynek for their many years of service to their communities and county. Mike served for eight years as Stanley’s mayor and Dave served as Mountrail County Commissioner for 17 years. The Outstanding Service Award is awarded each year to public servants who go above and beyond the call of duty to make our state a better place to live and work. The recipients of this award are selected for their excellence in public service and for their efforts to improve the business climate in the state while ensuring that all parties are treated fairly and rules and policies are followed. Read more here.
Cliff Binks – Outstanding Service Award
The NDPC presented the Outstanding Service Award for an industry leader to Well Pro salesman Cliff Binks for his more than 30 years of service to the community and industry. The Outstanding Service Award is presented to one industry representative who goes above and beyond the call of duty to help the North Dakota petroleum industry educate the public and support the NDPC’s community outreach efforts through the Energy of North Dakota program and other association and industry activities. Read more.
Rick Ross – NDPC Hall of Fame The NDPC inducted Rick Ross, senior vice president of operations for Whiting Petroleum, into its Hall of Fame at the NDPC’s 33rd Annual Meeting. Ross is the 11th inductee into the Hall of Fame and was selected by past recipients for his service and commitment to promoting and developing the oil and gas industry in North Dakota. He has served as chairman of the NDPC and spent 12 years on the Board of Directors and the Executive Committee. He has led the organization on many fronts including leading us through several contentious legislative sessions and led the Hydraulic Fracturing Technology Task Force that developed cutting edge recommendations to the ND Industrial Commission to reduce blowouts during the fracking and flow-back process – no incidents have occurred since the state adopted these technical policy changes.Read more.