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.

 

ND Governor Jack Dalrymple and Bakken Energy Service Founder Tim Fisher Together in Bismarck Republican HQ

North Dakota’s recently re-elected  Governor Jack  Dalrymple www.governor.nd.gov/  is shown here with Bakken Energy Service Founder Tim Fisher www.bakkenenergyservice.com just minutes after Governor Dalrymple’s acceptance speech   at Republican Headquarters in Bismarck North Dakota.

Bakken Energy Service CEO Tim Fisher with ND Governor Jack Dalrymple

Bakken Energy Service CEO Tim Fisher with North Dakota’s re-elected  Governor Jack Dalrymple

Gov. Jack Dalrymple and Lt. Gov. Drew Wrigley were  joined by family and friends in Bismarck for Election Night, Tuesday, November 6, 2012. Other Bakken Energy Service Members at the event were Jeff Holcomb of Larson Engineering www.larsonengr.com  and Steve Bakken KFYR radio www.kfyr.com . Steve Bakken was the first person to get an interview with Governor Dalrymple and shortly after an interview with Lieutenant Governor Drew Wrigley.

akken Energy Service  KFYR Steve Bakken interviews Gov Dalrymple after victory (2)

Bakken Energy Service Member KFYR Steve Bakken gets first interview with newly re-elected North Dakota Governor Jack Dalrymple .

Bakken Energy Service Liet Gov Drew Wrigley

Lieutenant Governor Drew Wrigley address the audience after winning re-election as his wife (to his left in green) and Governor Jack Dalrymple and his wife look on.

Bakken Energy Service Founder Tim Fisher www.bakkenenergyservice.com  wishes North Dakota’s recently re-elected  Governor Jack  Dalrymple www.governor.nd.gov/  and Lieutenant Governor Drew Wrigley all the best as they lead North Dakota www.nd.org into a prosperous  four more years. Make sure to listen in every other Tuesday at 3:00pm to KFYR 550 AM for Energy Matters co-hosted by Steve Bakken and Tim Fisher. Next weeks guest will be Jack Ekstrom Vice President, Corporate and Government Relations at Whiting Petroleum www.whiting.com