Published: Wednesday, 24 February 2016 11:01
Written by Press Room
Montana’s farm and ranch business sector has experienced several “excellent financial years over the last eight years,” but that is not expected to continue, according to George B. Haynes, an economist with the Dept. of Economics and Agriculture Economics and Extension Economics at Montana State University.
Haynes was one of several presenters during the Montana Economic Outlook Seminar in Billings.
Published: Monday, 01 February 2016 15:20
Written by Oil Patch Hotline
A California company says it can build a $900 million refinery on a 620-acre site in Belfield, ND and have it up and running in two years, processing 55,000 BOPD of Bakken crude oil.
“We are dead serious,” said Fred Bloom, vice president of Meridian Energy Group, Inc. located in Irvine, CA. “We are confident on our financing and have got all our ducks in a row.”
Questioned about the profitability of the refinery because of the new $425 million Dakota Prairie Refinery in Dickinson is losing money, Bloom described the proposed facility as a “contract manufacturer” with crude purchasing prices and selling prices of refined products established beforehand regardless of market conditions or prices.