Opportunity abounds in the Williston Basin. As oil producers have entered North Dakota and Montana, suppliers and service providers have certainly experienced growth opportunities from oil exploration occurring in the state. Unfortunately, the fast-growing market has also left the door open for short-term opportunists. However, at T&R Transport, the oilfield transportation services company has committed to running an operation that is safe, reliable, consistent, honest and ethical. T&R management believes in the long-term viability of the business as a locally owned oilfield services company providing efficient and reliable service.
Finding oil in the Bakken Shale isn’t an issue. Finding housing is a different story. Energy & Mining International has reported extensively on the oil and gas boom currently happening in North Dakota, which is now the No. 2 oil-producing state in the country, surpassing Alaska and California and second only to Texas in production.
Last year, Timberline Drilling Inc., a subsidiary of the gold mining and exploration company Timberline Resources Corp., posted a record profit. In the third quarter, the company posted a net income of $1.42 million compared with its 2010 third-quarter profit of $637,000.
President and CEO Ed Holloway says Synergy Resource Corp. isn’t on too many radar screens at the moment, but that’s going to change. A small, independent oil and gas exploration, development and production firm, Synergy Resource has been growing steadily since its inception, and Holloway says the company has no reason to expect anything else in the months to come. Thanks to the strength of its employees, its experience base and the quality of its assets, Synergy Resource will be a name the industry becomes more familiar with in the near future.
Having become a respected steel fabrication business, Steffes Corporation’s innovation allowed it to create custom equipment for many industries. Steffes Corporation’s legacy includes researching and designing the first American-made electric thermal storage (ETS) heating unit for the electric industry, and becoming the leading manufacturer of 400-barrel oil tanks in North Dakota’s Bakken play.
Founded in 1946, Savage Services has become a supply chain management solutions leader by customizing its offerings to meet the needs of the industries it serves. The company may have started with a single truck hauling coal and timber in Utah, but today it serves a diversified portfolio that includes the agriculture, construction, electric power generation, coal production, manufacturing, oil refining, railroad and chemical industries.
If there is anything that can help drive a business’s success, it is a company’s initiative to fulfill an unsatisfied need. That is what CEO Michael O’Neill says he has done with Preferred Sands. “[We responded] when others didn’t meet the demand,” he states.
After a recent successful capital raise that brought in more than $12 million, Pacific Energy Development Corp. (PEDEVCO) is currently in the middle of a second round capital raise as the company accelerates the development program for its existing Niobara and Eagle Ford acreage and prepares for its listing application on the New York Stock Exchange.