The Crude Life Morning Show: Play Hard Work Hard Episode 50
Hour One Play Hard: Jason Spiess and Attorney Josh Swanson, Vogel Law Firm and host of Bison Illustrated Podcast, Herd it Hear with Swany Radio Show and columnist for Bison Illustrated.
Hour Two Work Hard : North Dakota Lt. Governor Brent Sanford (and former Mayor of Watford City)
The Crude Life Daily Update For the Radio On The Podcast: Tracee Bentley, Permian Strategic Partnership
Rig Count Overview
source: tradingeconomics.com
HOUR ONE PLAY HARD: Jason Spiess and Josh Swanson who is an attorney during the day and podcaster/radio/writer on the weekends. Josh is a die-hard North Dakota State University Bison fan to the tune where Pre-COVID he hadn’t missed a Bison football or basketball post season game since they joined Division I-AA.
The two first talk a little about some mineral disputes in the Bakken. Josh represent several land and mineral owners who have been battling the state of North Dakota in court for nearly a decade. After multiple Supreme Court victories, the state of North Dakota continues to use resources and technicalities to keep it in the courts.
Josh said he has several new court dates schedules with new litigation against the state of North Dakota.
Next the two talk March Madness! Josh gives his final four prediction and lists a couple sleepers like Houston, San Diego State and Oklahoma State. The two talk about age, experience and chemistry in a fanless COVID tournament.
The importance of fan energy is also discussed.
Since it’s Friday, we continue to talk Sports, Sports, Sports, Sports, Sports. So important you have to say it more than once. The NFL Draft is coming up and NDSU’s Trey Lance is projected to be a first round selection. Josh gives his analysis on Trey and the other quarterbacks in this year’s NFL draft.
The First Four Results
Reeves Land Services over Ion Field Services 54-53
Oil Dog Pipe Rental over NaturalGasNow 53-52
Aces Completions over Winter Mud 60-52
Oilman Magazine over OGDirectory.com 86-80 Overtime
Check back to TheCrudeLife.com for scores and bracket dates throughout March Madness.
In HOUR TWO we WORK HARD with our Newsmaker Interview: North Dakota Lt. Governor Brent Sanford
Interview and summary by Genneca Houser
Lt. Governor Brent Sanford has a long family history in North Dakota and his own extensive life experiences that have certainly shaped the way he is able to understand the working of industry and commerce throughout the state, as well as helped him to be an effective leader.
It’s important to note Lt. Gov. Sanford’s previous experience to understand the extent of knowledge he has when it comes to what role the oil and gas industry have in the grand scheme of things within North Dakota. He’s a third generation business owner, served on Watford City Council for four years before he served as Mayor of Watford City for six years. Brent Sanford was helping to push for positive state policies since before ever being a part of the Governor’s administration and all of it has helped teach him effective methods of getting things done within the government.
“But I learned the state budget. I learned what it takes to get through the legislature and actually have bills passed that benefit your community because you have to compromise and show benefit for the rest of the state.” – Lt. Gov. Brent Sanford
Dean Bangsund, Nancy Hodur, and Brent Bogart have been looking into the effects of the oil and gas industry since around 2005 and a study (sponsored by Western Dakota Energy Association) outlining the impacts has recently been released. This paper may hold some critical information for everyone showing what areas of the state the revenue from oil and gas is coming from as well as where it’s going. (Spoiler Alert → the amount of money from oil and gas taking care of everyone might surprise you!)
“But our high taxes don’t help them [the oil and gas industry] but they really help the state residents and filling the coffers and keeping people with a fairly positive attitude about the industry itself.” – Lt. Gov. Brent Sanford
It will hopefully be used as a tool to educate everyone on the importance of the industry, but also should help to highlight just how much assistance the industry gives to everyone across the state. For anyone who says it’s all about money without consideration to the environment, that isn’t right either. In fact, money from oil and gas is partially responsible for the ability to take care of the environment.
“…the presumption that we are not stewards of our land, as far as our energy development and our agriculture, should be offensive to all of us because we are the best stewards of our land. We have the cleanest air and water in the nation; we’re proud of it.” – Lt. Gov. Brent Sanford
For anyone feeling wary about moving toward the oil and gas industry, the hope is that this study will help to show that there are still opportunities available. The average age of workers within the industry is getting younger and with that in mind there have been changes made to welcome more brilliant innovators into the industry by making programs and education available at the universities.
“So, hopefully this study just helps entrepreneurs and companies realize that there’s still brighter days ahead and the future is very positive and that the innovators always can make a buck in the world.” – Lt. Gov. Brent Sanford
This study may also be used to help bring about positive change on the federal level as Gov. Doug Burgum uses the information as a reference while urging other governors to put out initiatives in protest to those detrimental executive orders.
“For MHA Nation…90% of their revenues are derived from oil and gas activity. That helped make a difference on releasing those tribal minerals from the directives from the Biden Administration… So statistics on these studies are good backup for when you make your argument; that’s for certain.” – Lt. Gov. Brent Sanford
The “Resources Trust Fund” is another item that people may be confused about; it’s a fund put together almost entirely from oil and gas taxes. This money goes largely into local projects within North Dakota in order to offset the lack of federal money that is available today. The goal is to save the people from having to pay these taxes. Now compare this with other states…
“Our property tax burden from water development is almost zero compared to other states because of having the blessing of having those spoil tax dollars in the Resources Trust Fund. So, that’s unique to North Dakota.” – Lt. Gov. Brent Sanford
The reality for North Dakota is that the revenue from oil and gas is directly tied to the prosperity of the state because of how much else it pays for. It was clearly illustrated during the Covid Crisis of 2020 that as stock prices and revenue dropped, so did money for funding the needed projects for the state. That means cuts. But thankfully the discussion on the recent changes, specifically regarding the Dakota Access Pipeline, isn’t closed. In fact, there will be an important meeting with many big players in April to discuss moving forward.
“It’s something where there’s a lot of voices that understand that that pipeline has been there for three years fully legally permitted and no accidents and so if it’s forced to close/shut down, I think it’s going to be a real detriment to infrastructure development in our country.” – Lt. Gov. Brent Sanford
All we can do now is make sure to show support for those lawmakers representing what’s right in DC. Also, be sure to keep watch for what comes of the April meeting by checking out the releases on the Governor’s website!
Lt. Governor Brent Sanford Biography
Studies Highlight Impact Of Oil And Gas Industry On North Dakota’s Economy, Counties
The oil and natural gas industry in North Dakota accounted for more than $40 billion in gross business volume, nearly 60,000 jobs and over $3.8 billion in state and local tax revenues in 2019, according to one of two studies released today that highlight the industry’s substantial impact on North Dakota’s economy.
“These studies underscore the critical importance of the oil and gas industry to our state’s budget, economy and communities, as well as the need for state and federal policies that encourage responsible development of our abundant mineral resources,” Lt. Gov. Brent Sanford said during a press conference with those who conducted the studies.
North Dakota State University researchers Dean Bangsund and Nancy Hodur studied the economic contribution of oil and gas exploration, extraction, transportation, processing and capital investments in 2019, the most recent data available. Similar studies have been conducted every two years since 2005.
Click here to read the entire article and study
The Crude Life Daily Update For the Radio On The Podcast: Tracee Bentley, Permian Strategic Partnership
The Crude Life Honors and Celebrates Women’s History Month. Today we feature Tracee Bentley, Permian Strategic Partnership, discusses their recent report “The Permian Basin: Unlocking The Full Potential“. She explains how the Permian Basin contains more than 92 billion barrels of proven oil reserves and enough natural gas to meet U.S. household energy needs for the next 60 years.
Support, honor and celebrate Women’s History Month!
Click here for the full length interview
Every March since 1987, Congress and U.S. Presidents have designated the month as Women’s History Month. This year, The Crude Life celebrates and honors their accomplishments and vital contributions in history with interviews and stories that center around women’s experiences in industry.
These women are not only modern-day leaders, but truly are historic
as well. Everyone at The Crude Life is grateful for everything you do
within the industry, for your communities and our planet.
Sponsors, Music and Other Show Notes
Studio Sponsor: The Industrial Forest
The Industrial Forest is a network of environmentally minded and socially conscious businesses that are using industrial innovations to build a network of sustainable forests across the United States.
Weekly Sponsor: Great American Mining Co.
Great American Mining monetizes wasted, stranded and undervalued gas throughout the oil and gas industry by using it as a power generation source for bitcoin mining.
They bring the market and our expertise to the molecule. Their solutions make producers more efficient and profitable while helping to reduce flaring and venting throughout the oil and gas value chain.
Weekly Sponsor: Black Water Environmental
Black Water Environmental is a family-owned company with over 10 years of on-site industrial experience. Offering Inspections, Consulting, Coating Failure Analysis, Specification Writing, and Coating Application services, and many other services for Energy, Oil, Gas, and Municipal.
BWE was started in Moorcroft, Wyoming but has grown to a larger facilities to Gillette, Wyoming, where they can provide a better quality of service for their customers. What make BWE stand out from other company’s is their ability to provide the best materials and service possible in industry and that has given BWE the ability to building excellent relationships with customers and employees.
Phone Line Sponsor: Swan Energy, Inc. 866.539.0860
Studio Email and Inbox Sponsor: To Be Announced
Featured Music: Moody River Band
For sponsorship information on The Crude Life Morning Show Play Hard Work Hard, email studio@thecrudelife.com or click here.
For guest, band or show topic requests, email studio@thecrudelife.com
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