Connect with us

North Dakota

Value of North Dakota oil rises as Iran war upends markets – KVRR Local News

Published

on

Value of North Dakota oil rises as Iran war upends markets – KVRR Local News


Nathan Anderson, director of the North Dakota Department of Mineral Resources, and Justin Kringstad, director of the North Dakota Pipeline Authority, provide their monthly briefing on the state of North Dakota’s oil and gas landscape on April 21, 2026. (Photo by Jacob Orledge/North Dakota Monitor)

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.

Advertisement

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.

Advertisement

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.

Advertisement

“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.





Source link

North Dakota

ND Emergency Services receives wildfire prevention award

Published

on

ND Emergency Services receives wildfire prevention award


WASHINGTON — The North Dakota Department of Emergency Services has been recognized for its wildfire prevention efforts with a national Bronze Smokey Bear Award.

“These awardees demonstrate what fire prevention looks like in action,” said U.S. Forest Service Deputy Chief Sarah Fisher. “Their efforts protect lives, support firefighters and make a real difference in communities across the country.”

May is Wildfire Awareness Month, and with North Dakota experiencing another active spring wildfire season, each fire prevented is one that local responders don’t have to put out, underscoring the importance of each individual’s responsibility to work and recreate safely outdoors. The award to the N.D. Department of Emergency Services (NDDES) recognizes its efforts in communicating just that.

The communications team is led by Strategic Communications Chief Alison Vetter and is supported by Autonomous Systems and Communications Specialist Clint Fleckenstein.

Advertisement

According to information from the Forest Service, the team’s creative products are visually appealing, engaging and effective. The “Learn Before You Burn” tagline urges North Dakotans to visit the interactive N.D. Fire Declarations and Burn Restrictions map to learn their local restrictions, fire danger and red flag warnings before burning or recreating outdoors. Vetter and Fleckenstein consistently take initiative to address fire prevention issues proactively and go above and beyond to become the best possible storytellers of wildfire prevention messaging.

Alison Vetter

Their statewide efforts identify unique and effective avenues to communicate these important public safety topics, addressing top human-caused fire causes like open burning and equipment use through reels, interviews, Gas Station TV, visits with local students, and GoodHealthTV kiosks found in local health units, schools and other public buildings.

During the historic October 2024 wildfires, NDDES mobilized the Joint Information Center, responding to the elevated need for education, prevention and response to determine messaging needs in real time. This included topics like publicizing daily fire danger, sharing resources for affected landowners, advocating for defensible space and safety tips, and messaging ways to minimize fire risk when harvesting, hunting, or enjoying the outdoors. Alison and her team worked over the winter of 2024-2025 to identify prevention efforts and causes, and crafted effective communications strategies to reduce wildfire occurrence, which proved necessary into an active spring 2025 fire season as well. After the devastation of the October 2024 wildfires, they created a documentary to highlight the value and appreciation for those who responded to the call and showcase the unique way North Dakota communities show up for one another in crisis.

The 2026 Smokey Bear Awards will be presented at the National Association of State Foresters’ annual meeting in Lexington, Kentucky, in September.

Advertisement



Source link

Advertisement
Continue Reading

North Dakota

Armstrong directs flags at half-staff Thursday in observance of Peace Officers Memorial Day

Published

on

Armstrong directs flags at half-staff Thursday in observance of Peace Officers Memorial Day


BISMARCK, N.D. – Gov. Kelly Armstrong has directed all government agencies to fly the United States and North Dakota flags at half-staff on Thursday, May 14, and encourages North Dakotans to do the same at their homes and businesses, in observance of national Peace Officers Memorial Day.

The governor’s directive is in accordance with a proclamation issued by President Donald Trump, who also proclaimed May 10-16 as national Police Week.

Armstrong will join North Dakota Attorney General Drew Wrigley and Supreme Court Chief Justice Lisa Fair McEvers in delivering remarks during a North Dakota Peace Officers Memorial Service at 7 p.m. Thursday in Memorial Hall of the State Capitol. North Dakota’s 69 fallen peace officers will be remembered and honored during the service, and the Capitol windows will be lit to display a “Thin Blue Line” as a mark of respect for all law enforcement officers, past and present.



Source link

Advertisement
Continue Reading

North Dakota

Judge Todd Cresap to retire

Published

on

Judge Todd Cresap to retire


MINOT, N.D. (KMOT) – Todd Cresap, who has served as a North Dakota district judge since 2009, announced he will retire in July.

Cresap wrote a letter to Gov. Kelly Armstrong, R-ND, he would retire effective July 17.

In the letter, Cresap said he had ‘mixed emotions’ over the decision, calling it an ‘honor’ to serve, but said it was time for someone ‘with a new perspective’ to serve.

A Valley City native, Cresap studied at Minot State University and the University of North Dakota.

Advertisement

Then-Gov. John Hoeven appointed Cresap to fill a judgeship in the Northwest Judicial District in 2009 that was created by the legislature. He served in that district until 2014, when it was split into Northwest and North Central.

Voters elected Cresap to the bench in 2012, 2016, and 2022. He served as a lawyer in private practice before his appointment as judge.

Armstrong can appoint a replacement to fill Cresap’s remaining term from a nominating committee’s list, ask the committee for new candidates, or call a special election.

The North Central District covers Ward, Mountrail, and Burke Counties.

Copyright 2026 KFYR. All rights reserved.

Advertisement



Source link

Continue Reading
Advertisement

Trending