North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we are back on the road again to healthy production,” Lynn Helms, director of North Dakota’s Mineral Resources Department, told reporters Friday. Still, Helms Read More…
Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of 827,000 barrels per day in May (Figure 1). That is a drop of almost 550,000 barrels per day (-40%) since March. Most of the decrease in output is because more than 2,800 wells were shut in over the last Read More…
Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s Berkshire’s first major purchase since the coronavirus pandemic and subsequent market collapse in March. At his annual Read More…
The debate over how to dispose of the Bakken’s radioactive oilfield waste has prompted a small group of lawmakers from North Dakota and Montana to start collaborating. The conversations come as Montana prepares to enact a formal rule capping the radiation level of oilfield waste disposed of at landfills in the state. Much of the Read More…
Jill Justin had to think fast when the coronavirus pandemic hit. As the owner of Jill Justin Dance Alliance in Middlesex County, New Jersey, she went from having close to 500 students taking classes seven days a week to shutting her studio doors. After taking some time to regroup and change her business model, Justin started offering Read More…
WHITE SULPHUR SPRINGS, Mont. — Whether working on her family’s farm as a kid in Connecticut or leading trail crews in the backcountry after college, Sarah Calhoun always struggled to find comfortable work clothes. The work pants she found were designed for men, not women. So she decided to design her own line of pants. Today, Read More…
F.H. Stoltze Land and Lumber, builder Pat Clark and other investors last week announced a joint venture to create a new mass timber production facility to build large format, cross-laminated timber panels in Columbia Falls. New new company, called Stoltze Timber, eventually will be located across the road from the Stoltze plant west of Columbia Read More…
As the stock market and some companies thrive, many small business owners continue to struggle six months into the coronavirus pandemic. CNN’s Vanessa Yurkevich reports. WATCH FULL STORY
MISSOULA — Over the past 20 years, Montana’s registered apprenticeship program has sent more than 3,300 workers into good-paying jobs, with another 2,400 on the way, according to a new report. On Wednesday, Gov. Steve Bullock summarized the findings of a Department of Labor and Industry report on Montana’s Registered Apprenticeship program and praised the role that Read More…
BOZEMAN — Manufacturing companies around Montana will offer virtual and in-person tours of their operations throughout October as part of a national effort that kicks off with National Manufacturing Day on Thursday, Oct. 1. The Montana Manufacturing Extension Center at Montana State University is encouraging Montana manufacturers to host the tours and is available to Read More…
Montana State Fund (MSF) will be paying a $20 million dollar dividend back to policyholders in mid-November. This is the 22nd consecutive year the MSF Board of Directors has declared a dividend. They’ve returned a total of $306 million to policyholders since 1999, $165 million since 2015 alone. “It tells us we’re making progress in Read More…
MISSOULA, Mont. — A western Montana company made the cut in an international competition to come up with U.S. Air Force security solutions. Adelos, Inc. is a subsidiary of S&K Technologies, Inc. and owned by the Confederated Salish and Kootenai tribes. We showed you their groundbreaking technology two years ago when they proposed alternative security solutions Read More…
Graphics chip giant Nvidia mopped up the floor with its competition in a benchmark set of tests released Wednesday afternoon, demonstrating better performance on a host of artificial intelligence tasks. The benchmark, called MLPerf, announced by the MLPerf organization, an industry consortium that administers the tests, showed Nvidia getting better speed on a variety of Read More…
The Senate Judiciary Committee on Thursday voted to subpoena Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey to testify about allegations of anti-conservative bias, ratcheting up GOP pressure on the social media companies’ content policies before the November elections. How the vote went down: The Judiciary Committee voted 12-0 to authorize the subpoenas, with all Read More…
Southwest Airlines has asked its unionized workers to take pay cuts in an effort to stave off layoffs and furloughs during the coronavirus pandemic. Southwest CEO Gary Kelly made the request in a Monday message to employees after rival carriers American and United started furloughing more than 32,000 workers last week following the expiration of a $25 Read More…
New York (CNN)One of Berkshire Hathaway’s largest units, BNSF Railway, just named Kathryn Farmer as its first female CEO. This appointment makes Farmer the first woman in America to lead a major railroad operator, the company announced Monday. Farmer is taking the place of Carl Ice, who has worked at Berkshire Hathaway (BRKA) for 42 years. Farmer has been Read More…