Construction Begins to Finish Pipeline

Construction of the 1.5 mile section of the Dakota Access pipeline under Lake Oahe is underway and Energy Transfer Partners, LP expects the 1,172 - mile pipeline will be operating by April.

Montana Movin’

About as many people move into Montana as move out according to data from Atlas Van Lines. This year's data classified Montana as a balanced state in 2016. Montana has registered as balanced since 2014. In 2016, Montana had 238 inbound moves and 204 outbound. Nationwide in 2016, the total number of moves were down, reaching 75,427 versus 77,705 in 2015. Idaho and Wyoming saw the highest amount of inbound and outbound traffic respectively.The 2016 Atlas Van Lines Migration Patterns study found that eleven U.S. states, along with the nation's capital, experienced a shift in migration status in 2016. The study also found that 26 states registered as balanced-meaning that moves in and out of the states were roughly equal- 15 states registered as outbound, and 9 as inbound, in addition to Washington, D.C.The company has conducted the study since 1993 to track the nation's interstate (between states) moving patterns year to year as reflected in moves handled by Atlas.This is the first year Idaho has been the study's inbound leader. Wyoming topped the outbound list back in 2012 as well.

Increasing Investment

Hess Corp. is ramping up capital spending in North Dakota for 2017, appropriating $700 million and increasing its rig fleet from two to six by the end of the year. Total capital spending by the company is also up to $2.25 billion, $350 million higher than last year.

The Bakken Begins Hiring


According to a North Dakota newspaper, The Grand Forks Herald, oil companies are hiring in the Bakken, and more jobs are expected to open up next year.

Crude Prices Projected to Increase

US crude oil production is expected to increase slightly this year to 9 million BOPD - up from 8.9 million BOPD in 2016 - and up to 9.3 million BOPD in 2018, according to the Energy Information administration.

SEIU Texas Files for Bankruptcy


SEIU Texas filed for bankruptcy over the weekend following a $7.8 million judgement in a lawsuit brought by a janitorial service company the union sought to destroy.

Quick Rebound for Bakken

When it comes to determining what has happened to employment in the Bakken, given the drop in oil prices and oversupply in the market, the big news is not that these local economies started to decline, but that they have not declined more, reports Paul E. Polzin, director emeritus, at the Bureau of Business and Economic Research at the University of Montana.

More Wells in Bakken



More than a dozen new rigs will be added in North Dakota in the next 12 months but there are still 861 wells waiting on completion, according to Lynn Helms, director of the ND Dept. of Mineral Resources. There are 38 rigs drilling now.

Market Update

1 DOW 20,709.98
+50.66 (0.25%)    
2 S&P 2,367.03
+5.90 (0.25%)    
3 NASDAQ 5,908.15
+10.60 (0.18%)    
4 MDU 27.01
-0.15 (-0.55%)    
5 SWC 17.30
-0.05 (-0.26%)    
6 EBMT 19.95
-0.25 (-1.24%)    
7 FIBK 40.05
+1.10 (2.82%)    
8 GBCI 34.11
+1.38 (4.22%)