Forbes Ranks Montana 23rd

Two of Montana’s neighbors are on the Forbes top ten Best States for Business list – North Dakota and South Dakota. Montana is ranked 23rd. Wyoming is ranked 35th and Idaho, 18th.

New Oil Field Discovered in Texas

A newly discovered oil field in West Texas is believed to contain billions of barrels of shale oil. Apache, a Houston company, reports that the discovery, called “Alpine High” could be worth at least $8 billion.
Apache believes the new shale play spans at least five formations, contains over three billion barrels of oil and 75 trillion cubic feet of rich natural gas.

South African Company Buys Stillwater Mine

Stillwater Mining Company with headquarters in Columbus, Montana, announced last week that it has entered into an agreement with Sibanye Gold Limited, under which Sibanye will acquire Stillwater for $18.00 per share or a total value of $2.2 billion. Sibanye Gold Limited is a South African Company, and Stillwater Mining Co., is the only producer of platinum and palladium in the US.

What Keeps Bakken Going?

by Renée Jean, Sidney Herald

MINOT — Operators have been saying the Bakken is getting better and better, but North Dakota Department of Minerals Director Lynn Helms had the numbers to show it. Not only are today’s wells vastly superior to wells of even two years ago, Helms said during the annual conference of the North Dakota Petroleum Council, but they now have a lifespan that is five years longer.

Bakken Wells Reach Lower Break-even Levels

As revolutionary innovations and inventions continue, more and more wells in the Bakken are reaching lower breakeven points – points which are competitive with production from the Middle East.

Regulatory Destruction

The National Association of Manufacturers (NAM) released a new study that outlines the destructive legacy this administration’s relentless labor regulatory agenda will leave for manufacturers, their employees and the communities in which they live.

Oil Comeback Soon?

Oil in the Bakken may be making a comeback that will surprise many and it may be more than some might wish, Lynn Helms, director of North Dakota’s Department of Mineral Resources, is being reported as proclaiming this past week. While the process is slow, the numbers are building up, according to Helms, who believes that his department’s projections of 65,000 wells ultimately being drilled in the Bakken remains on target, and it may happen sooner than what Middle East’s OPEC (Organization for the Petroleum Exporting Countries) might wish.

Eggs, Milk, Chicken, Beef, Down in Price

Lower retail prices for several foods, including eggs, whole milk, cheddar cheese, chicken breast, sirloin tip roast and ground chuck resulted in a decrease in the American Farm Bureau Federation’s Fall Harvest Marketbasket Survey.

Market Update

1 DOW 20,701.50
+150.52 (0.73%)    
2 S&P 2,358.57
+16.98 (0.73%)    
3 NASDAQ 5,875.14
+34.77 (0.60%)    
4 MDU 26.98
-0.16 (-0.59%)    
5 SWC 17.46
+0.06 (0.37%)    
6 EBMT 20.00
+0.15 (0.76%)    
7 FIBK 39.35
+0.55 (1.42%)    
8 GBCI 32.88
+0.41 (1.26%)