With the price of oil soaring and President Biden broadcasting that the United States is cutting off Russian oil and gas imports, the Montana Petroleum Association announced that they are reopening the Bakken oil fields, bringing many of their operations back online.
While the circumstances that led to these rising prices are terrible- a war of aggression against Ukraine by the bloodthirsty Putin, this is great news for Montanans, eager to take advantage of the boom after enduring years of crippling busts. In particular, the Bakken oil fields in Eastern Montana are ripe for reopening- being profitable and able to balance expense and profits at $80 a barrel. With the price hitting $130 today, and no indication that it’s going any lower, the industry is coming back alive.
However, Alan Olson, Executive Director of the Montana Petroleum Association, explains that it’s not a simple matter of turning a few knobs and putting out a few wanted ads in order to get started. Many workers moved away after the last bust while others found jobs in other fields. Unemployment in the state is at a 14-year low and there’s a lack of personnel and supplies; with everything from standpipes, tubing, kelly hoses, pumps, casings, and even the derricks experiencing shortages amid supply chain constraints. Olson notes:
“We are scrambling to find good employees and at the same time we’re still on the hunt for equipment…The uptick in the economy with the downturn of the industry; it kind of turned into a perfect storm.”
Just three months ago, the United States Geological Survey (USGS) completed their oil and gas estimate for the Bakken and Three Forks Formations in the Williston Basin of Montana and North Dakota, updating their 2013 USGS assessment. They found there are an estimated 4.3 billion barrels of unconventional oil and 4.9 trillion cubic feet of unconventional natural gas in the two formations.
Have you received Salvation from Jesus the Messiah? Time is running out. Jesus will return very soon. The signs of His return are everywhere in this crazy world we are living in. Please read below so that you can be saved. Jesus is the only way to Heaven. The Words below are directly from the Bible, so you can trust them.
For I delivered to you first of all that which I also received: that Christ died for our sins according to the Scriptures, and that He was buried, and that He rose again the third day according to the Scriptures. (1 Corinthians 15:3-4)
Jesus said to him, “I am the way, the truth, and the life. No one comes to the Father except through Me. (John 14:6)
For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life. For God did not send His Son into the world to condemn the world, but that the world through Him might be saved. (John 3:16-17)
If you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved. For with the heart one believes unto righteousness, and with the mouth confession is made unto salvation. For the Scripture says, “Whoever believes on Him will not be put to shame.” For there is no distinction between Jew and Greek, for the same Lord over all )is rich to all who call upon Him. For “whoever calls on the name of the Lord shall be saved.” (Romans 10:9-13)
“As the Father loved Me, I also have loved you; abide in My love. IF YOU KEEP MY COMMANDMENTS, you will abide in My love, just as I have kept My Father’s commandments and abide in His love. (John 15:9)
For I am persuaded that neither death nor life, nor angels nor principalities nor powers, nor things present nor things to come, nor height nor depth, nor any other created thing, shall be able to separate us from the love of God which is in Christ Jesus our Lord. (Romans 8:38-39)
For those of us who persevere and do what Jesus says to do, we have this to look forward to in eternity: And God will wipe away every tear from their eyes; there shall be no more death, nor sorrow, nor crying. There shall be no more pain, for the former things have passed away.”
The Bible – New King James Version, NKJV