Energy Matters- Tim’s Take November 11, 2014 Tim Fisher- Bakken Energy Service Inc

First of all my sincere thanks to all of those who have served in the armed forces of the United States of America. God Bless you all and Master Sargent William H Fisher my dad… Thank you for serving in Korea and being as good a man out of uniform as you were in.

My goal is to give the residents of the Bakken and anyone next to a rail road a little comfort on the progress of tight oil stabilization or what we refer to as Bakken Oil stabilization. In the same breath I am going to plead with the state of North Dakota www.nd.gov if they truly want to help must make major changes in their tax policies.

I am grateful to Energy Matters www.KFYR.com  AM 50 for first asking me to be a part of the show and then being flexible in allowing me to be on when possible. One of the main reason I continue the program is my hope in bringing more insight to the public into many tough issues the gas and oil industry face.

I am fortunate to get a seat at many tables with many influential industry CEOs, Presidents    and production planners. It is in these meetings I am always reminded that the government has a role to play in the industry but for the most part the government is to collect taxes from the oil and gas companies’ revenue.

And as politicians   talk, the oil and gas companies are already far ahead of them in providing the money and talent needed to make their industry and those they serve a better place.

Too often I feel the state and federal officials think improvements in safety, the environment   , and workers security happen because they talk about it or threaten to mandate it. The truth is actually 180 degrees. The gas and oil companies always want what is best for the environment, their workers and the communities they operate in.

So now, here is my challenge to the state and federal government. If you are truly concerned with flaring and the stabilization of tight oil i.e. Bakken crude then give all the oil and gas companies a tax holiday on any and all gas captured,  stripped and or sold as a bi-product of tight oil. It cost approximately $60 million just to build a 100,000 barrel a day  stabilizing facility not taking into consideration the cost of operations for about $35 million in revenue $3.5 in gross profit and loss at the end of the year.

Here is why:  by the time we pay the 28% tax and gas royalties we lose money! You want us to spend our shareholders money and or our private equity on capturing a gas or stripping a gas that we lose money on. If you are serious then stop the taxing this bi-product and be satisfied with the huge windfall you receive from oil.

I know what the process costs and the bottom line is there is little to no money in it. Add in the dramatic fall in the price of oil and “Houston, we have a problem”

So I asking the North Dakota Industrial commission to work with Senator Rich Warden to call a special session and introduce a bill that will give gas and oil companies a tax holiday on any and all gas collected. Otherwise you may find 700,000 less barrels    of oil leaving ND each day because of a lack of stabilization.

And that is my take.   www.bakkenenergyservice.com 

Eide Bailly , Bismarck North Dakota Joins Bakken Energy Service Team. New CEO Dave Stende continues the Eide Bailly vision.

Eide Bailly www.eidebailly.com is located in Bismarck, www.bismarck.org the capitol city of North Dakota. Eide Bailly Bismarck is a member of the Bakken Energy Service Team www.bakkenenergyservice.com .

Eide Bailly Bismarck ND joins Bakken Energy Service

The following Eide Bailly information is found at http://www.eidebailly.com/about-us/newsroom/new-management-team-takes-reins-at-eide-bailly/

Dave Stende, CPA    who has served as Eide Bailly’s Chief Operating Officer for the past seven years, is now at the helm of the business as he assumed the managing partner/CEO role May 1. “I am humbled and honored to step into this role,” Stende says. “Working with Jerry Topp during the past seven years has prepared me well for this role. I am ready to build on what he has done.” – Eide Bailly  CPA , Managing Partner and CEO shares his vision. www.eidebailly.com

Fomer CEO Jerry Topp – Eide Bailly  CPA , Managing Partner  shared his vision. www.eidebailly.com

Business is good. I am pleased to report Eide Bailly continues to grow at a steady pace and, this year, experienced a moderate increase of 4 percent. The accounting profession has significantly changed with larger players and more intense competition. We have adjusted our goals and strategies, and are moving forward with refocused energy.

An important part of our strategy is to continually look at our service mix and geographic footprint, and ask ourselves, “What can we do to serve our clients better?” We are actively filling the gaps and anticipating future needs:

  • Non-Profit Expansion
  1. – This past year,  four experienced partners joined our non-profit team, bringing new knowledge and real-world experience to our growing non-profit practice.
  • National Tax Office
  1. – We created a National Tax Office with dedicated resources to keep in-tune with changes in Washington; this has enhanced our ability to keep clients informed of tax changes that affect them.
  • Cost Segregation Studies
  1. – A company that specializes in cost segregation studies joined our Firm, which allows us to help more of our clients improve their cash flow and minimize their tax liability by accelerating depreciation schedules, as approved by the IRS.
  • Expansion
  1. – Utah-based Schmitt, Griffiths, Smith & Co. (SGS) joined our Firm, which geographically connects our Phoenix, Denver, Boise and Billings practice areas and strengthens our technology service offerings. SGS is a leader in the sales, consultation, implementation and support of business software applications, and was recently ranked in the 2012 top 100 value-added re-sellers by Accounting Today.

Maintaining a positive growth rate in our current economy is not easy. I am proud of the people at Eide Bailly and their perseverance. We work hard, and we play hard. We adapt to change and are nimble in our actions. We enjoy serving our clients and going the extra mile for them. We are a CPA firm of the future!”

Eide Bailly Bismarck is a member of the Bakken Energy Service Team www.bakkenenergyservice.com . Eide Bailly www.eidebailly.com is located in Bismarck, www.bismarck.org the capitol city of North Dakota.  Find them at : 1730 Burnt Boat Loop, Ste. 100 P.O. Box 1914 Bismarck, ND 58502-1914                   Partner-in-Charge: Barb Aasen      www.baasen@eidebailly.com       Phone 701.255.1091     Fax 701.224.1582

Ed Schafer Former Gov ND & Tim Fisher Founder Bakken Energy Service- Interviewed by Heidi Bell Gease- Rapid City Journal

Ed Schafer, former Governor of North Dakota, Former  Secretary of Agriculture – Tim Fisher, Founder Bakken Energy Service www.bakkenenergyservice.com  Interviewed by Heidi Bell Gease of the  Rapid City Journal on December 12, 2012 •  Heidi Bell Gease Journal staff   Heidi Bell Gease at 605-394-8419 or  during the Opportunities in the Bakken Seminar.

Former North Dakota Gov. Ed Schafer delivers the keynote address Tuesday morning at the opening of the Bakken oil conference in Rapid City. Schafer said there are opportunities for South Dakota to gain new business from the North Dakota oil boom.

Former North Dakota Gov. Ed Schafer delivers the keynote address Tuesday morning at the opening of the Bakken oil conference in Rapid City. Schafer said there are opportunities for South Dakota to gain new business from the North Dakota oil boom. CEO and Founder of Bakken Energy Service Tim Fisher later supplied eye-opening and detailed Bakken Shale information.

“It’s not too late to get involved,” agreed keynote speaker and former North Dakota Gov. Ed Schafer, now a board member for Continental Resources. “And it certainly is going to be a long-term play.” Schafer said South Dakota’s similarities to North Dakota — particularly, people who are honest and caring and hard-working — will be to its benefit in attracting businesses and investors that may want to be near the oil patch, but not in it.

“They need to park someplace,” he said. “I’m encouraged about the possibilities in South Dakota.” There are roughly 5,500 oil wells in the Bakken today, Schafer said, yet experts say the area can support more than 50,000 wells. “We haven’t even gotten to 90 percent of the opportunity that’s in North Dakota,” he said.

“The size of the pie is huge,” said Tim Fisher, founder of Bakken Energy Service. “There is enough for everyone and then some.”Fisher, who describes his Bakken Energy Service business as the “world’s largest third-party logistics company because it is our job to get services from one location to another in a reliable, cost effective manner  ” for its 38 coalition members, urged South Dakota not to compare itself and its oil potential to its northern neighbor.

“North Dakota’s Wal-Mart and South Dakota’s Ace Hardware,” he said. But South Dakotans shouldn’t be afraid to “open an Ace Hardware” because there’s a Wal-Mart next door. “Drop the scarcity mentality,” Fisher said, adding that businesses need to work together to benefit everyone. “You’re not the enemy. Start working together … This is your backyard.”

South Dakota’s geology will prevent it from ever seeing an oil boom like the one now happening in North Dakota’s Bakken Formation. But there are still plenty of great oil-related opportunities for western South Dakota, speakers said at a local seminar Tuesday.

That was good news for about 175 people who signed up for the one-day summit, “Opportunities in the Bakken,” held at Hilton Garden Inn in Rapid City. It was one in a series of seminars being presented around the country, said Jeff Johnson of Midwest Real Estate News, one of the event sponsors.

Tuesday’s audience was a mix of business people, potential investors, real estate developers and others interested in learning more about North Dakota’s oil industry and the economic opportunities it has to offer. Eldene Henderson of Rapid City was one of just 20 or so women in the audience. “I’m kind of an information collector,” she said, explaining her decision to attend. But Henderson is also working on a development project for senior citizens who want to relocate from North Dakota. From that standpoint, she found the speakers “very informative.”

Jim LeMar, a salesman with Canada-based Northstar Homes, appreciated the summit’s networking opportunities as much as the information it provided. “I’m just looking to make contacts in the business communities that are working up in North Dakota,” he said. “Hopefully, I’ve met a couple people that will lead to some business.”

So is South Dakota State Geologist Derric Iles. Because while South Dakota’s geology ensures it will “never see production come to the extent that North Dakota has,” there’s still a lot of unexplored potential.

Iles pointed to studies done in western South Dakota in the 1950s that showed “tight shale” — similar to what’s found in the Bakken — that was of little commercial interest at the time. But with the capabilities of today’s technology, Iles believes those areas might be worth a closer look. “I think we’re  under explored ,” he said.

Tim Fisher, Founder Bakken Energy Service www.bakkenenergyservice.com and Ed Schafer, former Governor of North Dakota were    Interviewed by Heidi Bell Gease in Rapid City Journal on December 12, 2012 •  Heidi Bell Gease Journal staff   Heidi Bell Gease at 605-394-8419 or heidi.bellgease@rapidcityjournal.com.

 

Frac Water Heaters, Steam Trucks, Line Heaters North Country Oil Ready for Cold North Dakota Bakken Williston Basin Weather; Member Bakken Energy Service

Frac Water Heaters, Steam Trucks, Line Heaters North Country Oil www.northcountryoil.com Ready for Cold North Dakota Bakken Williston Basin Weather; Member Bakken Energy Service www.bakkenenergyservice.com.

Williston, Parshall, Watford City, North dakota North Country Oil, Bakken Energy Service

Williston, Parshall, Watford City, North DakotaNorth Country Oil, Bakken Energy Service

North Country Oil is an oil field service company located in the heart of the Bakken in Parshall, North Dakota, and provides a multitude of services throughout North Dakota from the Montana border to Dickinson to Canada. North Country Oil’s Goal is to provide our customer’s demands safely, reliably, efficiently and economically in the most environmentally safe way possible.  North Country Oil strives to complete our services without injury or accident on time, every time, the first time. Any Season, Any Weather, Any Day……..You are in………and We are………NORTH COUNTRY!

Our services include but are never limited to Hydro-Vac (Super Suckers), Vac Tankers, Frac Water Heaters, Steam Trucks, Line Heaters and Roustabout Crews.   Our fleet of Super Suckers do everything from potholing lines to post frac clean outs to work over rig clean outs to cleaning entire drilling rigs.  Our Frac Water Heaters have 30 million BTU burner boxes that can average heating a 500bbl frac

Our services include but are never limited to Hydro-Vac (Super Suckers), Vac Tankers, Frac Water Heaters, Steam Trucks, Line Heaters and Roustabout Crews.   Our fleet of Super Suckers do everything from potholing lines to post frac clean outs to work over rig clean outs to cleaning entire drilling rigs.  Our Frac Water Heaters have 30 million BTU burner boxes that can average heating a 500bbl frac...
Our services include but are never limited to Hydro-Vac (Super Suckers), Vac Tankers, Frac Water Heaters, Steam Trucks, Line Heaters and Roustabout Crews. Our fleet of Super Suckers do everything from potholing lines to post frac clean outs to work over rig clean outs to cleaning entire drilling rigs. Our Frac Water Heaters have 30 million BTU burner boxes that can average heating a 500bbl frac…
tank at about a degree a minute.

tank at about a degree a minute.  The steam trucks and line heaters guarantee that if you freeze up in the cold your operation will be back running in a minimum amount of time.  While the shop in Parshall has only been up and running for a year, North Country Oil and its core group of employees have been in business and serving oil companies around the Bakken for over three years now.  These men have combined over twenty years of experience and are extremely well versed in all aspects of the oil field from roustabouting to drill rigs, we have and can do it all!

North Country Oil www.northcountryoil.com is Ready for Cold Weather in North Dakota Bakken , Williston Basin with their Frac Water Heaters, Steam Trucks, Line Heaters ; NCO is Member Bakken Energy Service www.bakkenenergyservice.com. 701.570.7074  bruce@northcountryoil.com

Les Burr, Burr Petroleum Consulting Panel Member For TERO Three Affilated Tribes Gathering – 4 Bears Casino

Bakken Energy Service www.bakkenenergyservice.com member Les Burr  owner of Burr Petroleum Consulting Minot ND and active tribal Three Affiliated Tribes member www.burrpetroleumconsulting.com , has been asked by the Three Affiliated Tribes http://www.dakotacoalition.com/tat.html to be on a panel that will give  TERO ( Tribal Employment Regulation Organization ) and the oil and gas companies doing business on the Fort Berthold Reservation an opportuity to discuss rules and regulations moving forward.

Les Burr Bakken Energy Service Member

Les Burr owner of Burr Petroleum Consulting and Bakken Energy Service Member is a panel member for the Three Affiliated Tribes in regards to TERO rules and regulations to be held at 4 Bears Casino October 29th and 30th .

Burr Petroleum Consulting: www.burrpetroleumconsulting.com North Dakota based, 100% native American Owned Petroleum Consulting with focus on  the  Three Tribes- Berthold Indian Reservation www.mhanation.com .  Doing business   in North Dakota Bakken  and the Williston Basin . Burr Petroleum consulting has a wealth of information on the day-to-day needs and operations  of the oil and gas industry. Burr supplies hard to find parts and accessories as well as the leasing of  equipment. 701.240.5172 leslieb34@hotmail.com

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PRIVATE LAND OWNERS IN NORTH DAKOTA ALLOW DOMESTIC OIL INCREASE. US FEDERAL GOVT OWNS A SHOCKING 640 MILLION ACRES.

Bakken Energy Service feels “Oil found under the  private land owners in North Dakota is the key to the increase in oil production in the United States of America.”  The US Federal Government owns a shocking 640,000,000 acres of US land, almost 28% of all US land. http://management.fortune.cnn.com/2012/09/27/john-malone-billionaire-landowner/?iid=SF_F_River. How does that compare to the largest private land owner?

The media billionaire John Malone now owns 2.2 million acres, putting him ahead of his pal Ted Turner as the nation’s No. 1 landlord.

By Jeff Hull, contributor

Malone bought the 290,000- acre Bell Ranch in New Mexico in 2010 for a reported $65 million.

Malone bought the 290,000- acre Bell Ranch in New Mexico in 2010 for a reported $65 million.

FORTUNE — On the Colorado High Plains, John Malone sits in a generous — but not grandiose — corner office on the second floor of a blocky, granite-faced building in a nondescript corporate park in Englewood. If, in real estate, location is everything, it’s curious that the largest private landowner in America chose an office location, an hour from downtown Denver, that … well, it isn’t much. Not much to look at, anyway.

But the building and its location are Malone writ large: standalone, brawny, and commanding views of clean sky and snow-capped mountains shining like chrome in the distance. Malone, 71, whose thick hair is as white and flawless as his wrinkle-free shirt, sits behind his desk wearing an elegant rose-colored tie and tells a visitor, “My wife and I are going to look at something that’s for sale on Friday.”

The United States is one of only a few nations on the planet that allows natural resources and minerial rights to be owned by private individuals states Bakken Energy Service CEO/Founder Tim Fisher www.bakkenenergyservice.com . Oil found under the  private land owners in North Dakota is the key to the increase in oil production in the United States of America. The US Federal Government owns a shocking 640,000,000 acres of US land, almost 28% of all US land.