William Prentice, CEO, Meridian Energy Group, gives an update on the Davis Refinery, being constructed in the Bakken oil fields. The location of the refinery, near Belfield, is close to major transportation and distribution arteries.
According to Prentice, the Bakken has “probably the greatest crude oil to refine on the planet” and the refinery will be a Bakken only crude oil refinery.
In addition to the Davis Refinery, Meridian Energy Group recently announced a second refinery in the Permian Basin in Texas. Prentice said it will be called the Walton Refinery after the family who own the land where the Permian refinery will be located.
The Walton refinery is planned to be located north of Kermit, TX.
Prentice talked about how the new refinery and others will be integrating the Davis Refinery’s technology into their facility designs.
Prentice also talks about the resolving and winning of two years of red tape and regulation issues. The cost, the time and how much special interest groups can prolong the process and drain resources using government entities as their resource.
Jason Spiess is a multimedia journalist, entrepreneur and content consultant. Spiess has over 25 years of media experience in broadcasting, journalism, reporting and principal ownership in media companies. (Over 30 years experience if you count his adolescent years as a newspaper delivery boy learning the importance and logistics of daily distribution and monthly door-to-door bill collecting.) Spiess has worked in the areas of oil and gas, UAS and precision agriculture, health care, cannabis, agriculture, real estate, government affairs and economic development. Spiess is the host of two radio programs, Building the Bakken and Coffee & Capitalism, and three specialty programs, MonDak OilField Review, Corporate Ink and UnStuck, that carry a radio network that spans five states and two countries. Spiess is a North Dakota native and graduated from North Dakota State University.
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.