BISMARCK, N.D. (North Dakota Monitor) — North Dakota oil shipped on the Dakota Access Pipeline is fetching nearly $7 more per barrel than a U.S. benchmark price amid volatility caused by the Iran war.

State regulators aren’t sure why prices for North Dakota oil at its destination in Illinois are higher than traditional benchmark prices. One possibility is the light, sweet crude can be more easily refined into products like jet fuel and diesel that are experiencing demand surges in Europe and elsewhere.

How much of that higher price benefits North Dakota will be more clear in the coming months, said Justin Kringstad, director of the North Dakota Pipeline Authority.

“Royalty owners, the producers, the state, all share that uplift,” Kringstad said.

North Dakota crude oil typically is discounted compared to benchmark pricing to account for the cost of transportation. Kringstad and Nathan Anderson, director of the North Dakota Department of Mineral Resources, expect to have more information next month about why the prices have been higher in recent weeks and how much of that value is filtering back to North Dakota.

“I would suspect that some portion of it, probably not all of it for sure, does make its way back,” Anderson said.

The new dynamic is a small part of a global oil market that has been thrown into chaos by the Iran war and the closure of the Strait of Hormuz, a maritime bottleneck for a fifth of the world’s oil production.

“Boy, this is largely dominated by the word volatility. That’s the way I would describe pricing over the last 50 days,” Anderson said. “But over the last seven days, I think we’ve had almost a $20 swing in price, depending upon what talks are occurring between the United States and Iran.”

That chaotic market dynamic and the uncertainty of how long the conflict, and subsequently high oil prices, will endure is a big reason why publicly-traded oil companies have not invested in new drilling, Anderson said.

But the number of maintenance rigs has risen from 110 to 125 since last month, suggesting that oil companies are trying to optimize production from existing wells while oil prices remain high, the director said.

There are 26 active drilling rigs in North Dakota, and companies have indicated plans to add one or two more, Anderson said.

Beyond that, Anderson does not expect publicly-traded companies to increase drilling activity until 2027 because their budgets for this year are already set. Privately-owned oil companies have more flexibility and could potentially invest in more drilling than they budgeted for this year if prices remain high enough to warrant it.

There is little data available on what impact the Iran war has had on North Dakota oil production so far because data is not available in real time. February figures, prior to the beginning of the war, were released Tuesday and showed the state produced an average of nearly 1.13 million barrels of oil per day. North Dakota also produced more than 3.32 billion cubic feet of natural gas per day.

The daily oil production is 1.76% below the revenue forecast used to guide North Dakota’s budget-making process. But Anderson expects those numbers to increase when March production is announced next month.

“One of the things that occurred when the Iran conflict happened was that those operators that had curtailed or shut in production during the low price environment started to bring that production online,” Anderson said.

North Dakota Monitor reporter Jacob Orledge can be reached at jorledge@northdakotamonitor.com.

The NWSL is once again expanding, this time the league is heading to Ohio where Columbus NWSL 2028 will take the field. Of course, Columbus NWSL 2028 is a placeholder for now and the the new team will unveil its name, crest, and uniform to build an identity around as it approaches its first season.

News of the club was announced yesterday, though this has been in the works for some time, in a press conference. Team owners, the Haslam Sports Group (HSG), Nationwide and Drs. Christine and Pete Edwards, spoke about what they hope the club will bring to Columbus and women’s soccer more broadly.

“Our family is thrilled to help bring an NWSL team to Columbus and further invest in Ohio, with the honor of bringing the 18th team into the league,” said Haslam Sports Group Managing Partner Whitney Haslam Johnson. “We believe in the power of women’s sports and are humbled to be part of the number one women’s soccer league in the world.”

Nationwide insurance has been a corporate partner in both NWSL and MLS for years and now joins an ownership group deepening those ties. “Today’s announcement is about inspiring young athletes across Central Ohio, elevating women’s professional sports and reminding the world that Columbus is a first-class sports city,” said Kirt Walker, Nationwide Chief Executive Officer. “As Nationwide marks 100 years, this is a powerful way to celebrate our milestone with the community that has been our home from the very beginning.”

The Edwards family has deep roots in the Columbus soccer scene with Dr. Pete Edwards serving as team doctor for the Crew in 1996 and the family joining the team’s ownership in 2019 during the Save The Crew effort. “Columbus is very important to our family. For over 30 years, we’ve supported the Columbus Crew and MLS. We’ve seen how a men’s professional soccer team has brought people together and created a positive impact in our community. It’s truly special to now welcome an NWSL club and the incredible women athletes who will also uplift our city on and off the pitch,” said Dr. Christine Edwards. “We’re very excited to partner with Haslam Sports Group and Nationwide for NWSL Columbus 2028, and we can’t wait to share even more memorable moments with fans, especially during the Club’s first game at ScottsMiracle-Gro Field.”

The NWSL has continued its expansion with the announcement and the team will join Atlanta in its inaugural season in two years.

The University of South Dakota announced on Wednesday, April 22, that Athletic Director Jon Schemmel has received a five-year contract extension running through the 2030-31 academic year.

Schemmel has been in his position since January 2024 and was South Dakota’s senior associate athletic director for development from 2012-2017.

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“The University of South Dakota and Vermillion community is where our family wants to be,” Schemmel said in a press release. “I am humbled and grateful for the continued trust from President (Sheila) Gestring and the South Dakota Board of Regents to continue leading this athletics program. Coyote Nation has the best fans and donors, and we have a group of coaches, staff and student-athletes who are committed to competing for championships and continuing their excellence in the classroom and community.”

The athletics department has raised $49 million since Schemmel took over as AD, including $35 million in the 2025-26 academic year.

The Coyotes have won a Missouri Valley Football Conference championship and Summit League volleyball and men’s indoor track and field titles with Schemmel at the helm.

“USD’s athletic programs continue to thrive under Jon’s leadership,” Gestring said. “His knowledge of Division I athletics, forward-thinking vision for our teams and strength in fundraising have all been assets to our university. Our program is in great hands, and I am looking forward to seeing what Jon, his staff and our student-athletes achieve in the next five years.”

This article originally appeared on Sioux Falls Argus Leader: South Dakota extends AD Jon Schemmel through 2030-31 academic year