The North Dakota Petroleum Council’s Annual Meeting will be held September 21-23, 2021 in Watford City, ND.  Attendees can look forward to hearing from the Bakken’s foremost industry leaders, networking with more than 300 industry professionals, and learning about the latest trends in oil and gas. The Annual Meeting also features the Annual Awards Luncheon recognizing people and companies who have positively impacted the industry in North Dakota. Learn more or register by visiting here.
The August Economy at a Glance is now available. Some data of note include:
  • June 2021 McKenzie County oil production at 13,735,664 held very similar to May 2021 oil production at 13,791,892. Over the same period WTI Oil price/barrel increased from $65.17 to $71.38.
  • Both McKenzie County’s labor force and unemployment rate increased from May 2021 to June 2021.
  • Brookledge’s apartment occupancy rate increased from 68% in July 2021 to 76% in August 2021.

McKenzie County had 247 resident births and 105 resident deaths in 2020, according to data recently released by the North Dakota Department of Health Vital Statistics Division. That represents a decline in births from the all-time-high in 2019 where there were 278 births recorded. When compared to a decade ago in 2010 where there were 53 births and 56 deaths recorded.

AgweekTV in conjunction with StrengthenND is profiling modern-day homesteaders. Sandy Rieker who lives outside Alexander, ND is the first to be profiled. Rieker and her family moved to North Dakota a decade ago and through grit and determination have built a life that they love.

The Grand Forks/East Grand Forks Chamber of Commerce led a group of their members to visit Western ND in early July. The trip coincided with the North Dakota Petroleum Council’s Cookfest held in Arnegard. Tour attendees got to hear from petroleum industry leaders about the basics of the industry as well as new trends and technologies. The next day attendees met at the Rough Rider Center in Watford City to hear from western North Dakota leaders about the current state of affairs and what might be next for public and private projects. Tour attendees found the trip to be valuable—seeing things in person rather than just reading about them. Plans are underway to keep the east-west dialogue continuing.
The Innovation Technology Loan Fund (LIFT) is an innovation loan fund to support technology advancement. The purpose is to provide financing for commercialization of intellectual property within the State of ND for industries such as:
  • Advanced computing and data management
  • Agriculture technology
  • Autonomous and unmanned vehicles and related technologies
  • Energy
  • Health care
  • Value-added agriculture
  • Value-added energy
  • Any industry or area specifically identified by the committee as an industry that will contribute to the diversification of the state’s economy.
Learn more by visiting: https://www.business.nd.gov/lift/
Save the date! Job Service North Dakota will be holding a job fair in Williston on September 16, 2021 from 2-6pm. For more information visit here.
Employer registration deadline is September 3rd.

 

The June Economy at a Glance is now available. Some data of note:
  • McKenzie County’s unemployment rate for April 2021 is 4.1% in March 2021 it was 4.8%
  • McKenzie County Landfill daily average for 2020 was 95.92 tons, in 2019 it was 128.55 tons.
  • Farmers Prices Received Index (2011 Base) jumped from 98.3 in March 2021 to 105.1 in April 2021.

Plans have been in the works for years to relocate the McKenzie County Fairgrounds due to its current landlocked location and insufficient facilities for our growing community. Approximately 210 acres were purchased last year just inside the Highway 85 bypass southwest of Watford City to provide for a new location. In April, the McKenzie County Commissioners approved $40 million towards the project. Current plans for the first phase include a 30,000 square foot exhibit hall, 56,000 square foot livestock arena, and an outdoor arena with a covered grandstand.

Forty-two houses have been accepted into the McKenzie County JDA Housing Development Subsidy Program as of May 27, 2021. With that, $125,000 remains to be allocated out of the $2,000,000 in program funding. The JDA board has recently indicated there is not interest in seeking more funds to the program, so once that allocation runs out, applications will no longer be accepted.