if you want GO to Artways website ( Listen to conference call several of them have transcripts ) this is where I found Roger miller
* Sam Rebotsky SER Asset Management - Analyst * Roger Miller Foggy Days - Analyst..
( Also Google Roger miller artways manufacturing ) and there is more info on both.. hope this helps..
Miller is not a speed demon on asking a question , but he asks a lot of solid questions.. don
billings Gazette article. don
In one of the coldest winters in recent memory, the heating plant at the University of North Dakota was running out of coal.
The trains that normally deliver a steady supply of Montana coal for the UND physical plant had been stifled by weather and track congestion. The school was in trouble and as winter wore on, it appeared there was no end in sight.
“We haven’t been able to get coal for a long time. It’s been terrible,” said Larry Zitzow, UND facilities management director.
UND will spend a $500,000 to $1 million more on heating costs this year because coal shipments out of the Powder River Basin in Wyoming and Montana have been bottled up by railroad delays.
At coal-fired power plants across the country, coal piles shrunk to a six-year low as Americans turned up their thermostats and power plants shoveled in what coal they had, according to the U.S. Energy Information Administration. At the same time, coal train deliveries became less reliable across the Northern tier of the U.S., where weather combined with Bakken crude shipments to cause significant shipping delays for anything pulled across the country by locomotive. In the northern tier, that railroad is Burlington Northern Santa
Westmoreland operates the Absaloka Mine on the Crow Indian Reservation in Montana.
Unit trains are trains contracted to ship a single commodity, typically grain, oil or coal, in 100-plus car formations more than a mile long. Unit train shippers have been very outspoken about how bad shipping has become across the northern tier, often suggesting that one or more commodities get preferential treatment over the another. BNSF has been insistent that everyone is feeling the pinch equally.
6 or 7 years ago Home Depot had a NEW Store in Bismarck ND, as a Home depot share holder I though it a good move. Wife and I were doing some remodeling so we went to the Home depot after it had been open about a month to get some Cabinets and other supplies..i knew they should have this material and we were very flexible on choice..
After 20 minutes in a new Store that was almost empty it was obvious that the employees did not know if they were afoot or horse back.. we walked out the door with NOTHING.. Basically across the street was a Menards , so we went there... we found all the required needs and headed for home..
I told Kathy that this HD store would close in a year..
When I got home I wrote the Home depot corporation , telling them of our lousy experience in Bismarck, giving time and date.. never heard a word.. 2 years after I mailed Home depot, the Bismarck store closed, and has been sold off..
So if they do as bad in Minot as they did in Bismarck, they might as well save there money..
I am NO longer a Shareholder of Home depot. don
“In this case, North Dakota operators propose to build new, coal-fired power-generating plants without offsetting emission reductions. Prevailing winds will carry those toxic emissions directly into Minnesota. That shameful practice should not be permitted by either the state or federal government.”
Jason Bohrer, president and CEO of the Lignite Energy Council, a coal industry group, said the legal challenge “has secured a more prosperous future for those who rely on affordable, reliable electricity to sustain this region's high quality of life."
T. PAUL, Minn. -- A federal judge has blocked restrictions set by the state of Minnesota that tried to limit businesses in North Dakota and other states from building coal-fired power plants and selling the electricity in Minnesota.
The ruling issued Friday found that Minnesota's Next Generation Energy Act, which barred new out-of-state fossil fuel power plants from transporting energy into Minnesota, violated the commerce clause of the U.S. Constitution.
The law was passed to regulate carbon dioxide emissions and the creation of fossil fuel energy production by barring any utility in Minnesota from importing energy from an out-of-state fossil-fuel-powered plant built after Jan. 1, 2007.
The case, filed in 2011 by the state of North Dakota along with several energy industry interests, was heard by Judge Susan Richard Nelson in U.S. District Court in St. Paul.
In a news release, North Dakota Attorney General Wayne Stenehjem applauded Nelson’s ruling.
“This litigation was a last resort, coming only after repeated unfruitful meetings with Minnesota elected officials and regulators,” Stenehjem said. “The result of this litigation has been exactly what we predicted from the beginning. We insisted that the state of North Dakota should not have to seek permission from Minnesota regulators to provide electricity to residents of Minnesota and other states in the region.”
In a statement, Minnesota Gov. Mark Dayton said the state would appeal the ruling.
“I will defend the State of Minnesota’s right to protect the quality of the air our citizens breathe. The State Statute does not prevent anyone from building and operating a new power-generating facility, whose toxic emissions will affect Minnesota’s air quality. It only requires that those new emissions must be offset by the same or greater reduction in emissions from other plants. In other words, Minnesota’s law encourages the replacement of older, more-polluting power plants with more efficient, cleaner facilities.
Friday WSJ. don
Calpine Corp.agreed to sell six power plants in its Southeast region to LS Power for $1.57 billion in cash, as part of the wholesale power company's effort to align its asset base with certain competitive wholesale power markets.
The sale includes assets comprising 3,498 megawatts of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina, Calpine said Friday.
The company said it plans to use existing federal and state net operating losses to almost entirely offset the projected taxable gains from the sale, adding that none of the assets included in the deal are directly encumbered with projected debt.
The divestiture will better align Calpine's asset base with its strategic focus on competitive wholesale power markets, most notably those in its core regions of the Western U.S., Texas and the Eastern U.S., the company said.
Calpine, with a fleet of natural-gas fired and renewable geothermal power plants, sells power to utilities on the wholesale market rather than at regulated rates. The company has been cutting costs, refinancing debt, shedding noncore assets and expanding in more attractive markets in an effort to improve its mixed bottom line.
Friday's move "represents substantial progress toward the achievement of one of our top strategic priorities--the monetization of our Southeast portfolio," said Jack Fusco, Calpine's chief executive.
The transaction is expected to close in the second quarter, according to the company
Friday WSJ online
The U.S. Department of Agriculture said Friday it will require the pork industry to report incidents to the government of a deadly swine virus that has killed millions of young pigs and roiled the sector in the past year.
The USDA will require the tracking and reporting of porcine epidemic diarrhea virus, which has afflicted hog farms in nearly 30 states, in an effort to slow its spread, officials said.
The virus, first identified in the U.S. last spring, isn't yet part of a list of diseases that must be reported under international standards that are aimed at coordinating disease control. The Paris-based World Organization for Animal Health sets such standards, requiring its 178 member nations to report diseases that have been shown to cause significant mortality in wild or domestic animals.
"USDA is taking this latest action due to the devastating effect on swine health since it was first confirmed in the country last year," Agriculture Department Secretary Tom Vilsack said in a written statement. "Today's actions will help identify gaps in biosecurity and help us as we work together to stop the spread of these diseases and the damage caused to producers, industry and ultimately consumers."
The agency will call on the assistance of swine veterinarians to help develop monitoring and control procedures to slow the spread of the virus, the USDA said.
Porcine epidemic diarrhea virus, which causes severe diarrhea and vomiting, is fatal only to young pigs and poses no threat to human health or food safety, according to scientists. The U.S. strain is nearly identical to a version that curbed hog production in China in 2012.
From Dickinson press.. this project was awarded to Knife River late last fall. don
Construction work has begun on portions of Highway 85, officials said Thursday.
Workers are on the oilfield connector route four miles west of Watford City to begin work for the city’s truck bypass. The three-lane road will be reduced to two lanes with head-to-head traffic, according to a release.
Speeds will also be reduced to 25 mph and a 12-foot width restriction will be in place.
Work on this portion is expected to be completed in late May.
BISMARCK, N.D. --Funding options to pay for $500 million in road projects will be part of the discussion Tuesday as the Bismarck City Commission takes testimony about the city’s new growth management plan.
The final public hearing on the plan begins 5:15 p.m. at the City/County Building in Bismarck.
If city commissioners accept the plan, separate financing decisions would be made, said city staff.
Robert Verke, a Bismarck resident, protested the financing options in a letter to the editor. He said when contacted by phone that he doesn’t want “additional taxes imposed on me for something five miles north of me.”
The growth plan was approved March 26 by the Bismarck Planning and Zoning Commission.
Its purpose is to update the city’s 2003 growth plan and serve as a guide for orderly growth through 2040. City Planning Manager Kim Lee said the city could nearly double from 61,300 now to 110,500 in 2040. Most urban, denser growth is expected to move to the east and northeast near the city, she said.
Bill Troe of SRF Consulting said said that the city can guide growth by managing where arterial and collector roads get built. Developers tend to build their roads according to the need of their projects, he said. Roads for developments are often built in a fragmented manner, not as a wider plan, he said. Arterial and connector roads might not be built until a particular area is filled with buildings, he said.
Troe said the the city may have to choose funding options to pay for a portion of the arterial and connector roads. The city wants to guide growth, not react to it, he said
just goggle subject and there are many articles about this. don
KALAMAZOO, Mich. (AP) - The Michigan agriculture department says a virus that kills piglets at an alarming rate has been found on 93 farms in the state.
According to Michigan Department of Agriculture and Rural Development spokeswoman Jennifer Holton, porcine epidemic diarrhea is deadly to newborn pigs but doesn't affect the safety of pork nor is it a human health concern.
Holton tells the Kalamazoo Gazette for a story Tuesday that PED is a major economic concern for Michigan's swine industry. She says her department is working with farmers and veterinarians to try to reduce the spread and impact of the virus.
Scientists think porcine epidemic diarrhea came from China, but they don't know how it got into the U.S. or spread to more than half the country's states since last spring.
if these TMS drillers have enough money they will figure out the correct method of completion. I have been in the Bakken since day one a some of those first 2-3 years of wells were ugly compared to day..
At $ 100 + wti price the Prize for being correct is just to large to run away, but it is not for the faint of Heart.
Cold here on Northern prairie again.. the high temp in SW ND yesterday was 35 degrees and we cooled to about 20 degrees this morning. some snow today..
There is NO field work done. The Ranchers who have been calfing for the last month have earned every penny they have made.. don
57 % of the Snow blower /trailer inventory was sold in first qtr of 2014. don
On June 25, 2013, the Company acquired the fixed assets, raw material inventory, work in process
inventory, and select finished good inventory of Agro
Trend, a division of Rojac Industries, Inc. of Clifford, Ontario, Canada. A new entity was formed, Art's Way Manufacturing International, LTD
(“International”), which is included in the agricultural products segment for financial reporting purposes. International will lease the facility in Clifford, Ontario
and is continuing manufacturing, marketing and sales from the Canadian location. The amount paid in U.S. dollars for the acquisition of assets totaled
$311,000 ($88,000 in fixed assets and $223,000 in inventory). The operating results of the acquired business are reflected in the Company’s consolidated
statement of operations from the acquisition date forward. The acquisition was made to continue the Company’s growth strategy and diversify its product
offerings inside the agricultural industry.
The acquisition also includes a consignment arrangement regarding $600,000 of select finished good inventory. As part of the arrangement, International
agreed to use reasonable efforts to sell the inventory including providing a sales and marketing plan with projections within 60 days of the closing date and
meeting with the consignor quarterly to discuss progress. Once a month, International will pay the consignor an amount equal to the cost base of the
inventory sold that month. As of February 28, 2014, International had sold $343,000 of the consigned inventory.
Here is what I have found so far , kinda old, but encore had acres in the right place, just never went after it, they were to busy with EOR projects
Thursday, May 5, 2011
Denbury Announces TMS Joint Venture
Denbury provided an update in their earnings conference call today.
Q1-2011 Results Earnings Call - Key Comments
"We acquired approximately 200,000 acres of leases in Mississippi and Louisiana with short lease expirations through our Encore acquisition. Encore has spent a conservative amount of capital and time testing the Tuscaloosa marine shale, which resulted and the only Tuscaloosa marine shales with continuous production to date. Given our planned activity in our CO2 EOR operations in the Bakken and the relatively short period of time before leases were going to expire, we decided to seek a joint venture partner to continue testing the Tuscaloosa marine shale. We have entered into an agreement with a joint venture partner covering approximately 100,000 acres of the Tuscaloosa marine shale acreage that had not yet expired. Under this agreement, the joint venture partner provided immediate capital to extend expiring leases, has a right to elect to complete a well that was never completed, drill and complete one additional well, and to carry us in additional leak -- lease acquisitions until such time as an agreed-upon amount of capital is invested. After the joint venture partner has expended the agreed-upon capital by completing the one well, drilling an additional well and/or acquiring additional leases, Denbury will have the opportunity to participate for 15% working interest in all future drilling on a unit-by-unit election. Prior to the expenditures of the agreed-upon capital, Denbury will be carried for a 15% interest in all operations or lease acquisitions. This transaction does not include Denbury's Tuscaloosa marine shale interest under any of our existing CO2 properties in Southwest Mississippi or Louisiana. And with that, I'll turn it
I thought EAC and DNR signed some kind of a JV/ or AUM, where ECA operated the DNR land leases and did the drilling, with DNR as a NON operator.
We had 17 degrees here Monday morning with a high of 34, was 22 this morning. it is just cold.. a friend who works in AG industry and commercial sprays said the spring field work will not start for 2 weeks.. Some fields have standing water in them, so the frost is not out of all the land yet..
Is going to be a cool , wet summer..
Still have my mpo, sd and HK positions plus .. don
HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral. The well landed in the Company's lower target, was drilled and completed under budget and was fracked with 20 stages using composite plugs that were drilled out prior to flow back. The Company's completion methodology was slightly modified from previously completed wells. The well was drilled on a portion of the 185,000 net acres acquired in August 2013 and is approximately 48 miles southeast from the Company operated Crosby 12H-1 well in Wilkinson County, Mississippi and five miles east of a horizontal well previously drilled on the acquired acreage
from the Moab dilemma, some of the concerned responders moved their from Chicago.. but the county will be looking at the Oil royalty to the county.. this excerpt from article.. Thanks for the articles Jerry.. don
The first slate of wells that began producing for Fidelity jumped mineral revenues in Grand County from $429,000 a year to $1.2 million in the next fiscal year.
For 2014, Grand County is projected to receive $2.6 million and within a few years, that figure could be as high #$%$ million or $6 million. Grand County's operating budget is $12 million a year, he said
copied from IV board message 137381, of bry board.. don
I didn't realize - until I read about how the birds mistake mirrors and panels used at solar power plants, for water. So which industry suffers most when birds are put on the threatened species list? Do solar power plants get bird kill permits, like wind farms?
FWS REPORT DOCUMENTS BIRD DEATHS AT SOLAR PROJECTS: A newly released U.S. Fish and Wildlife Service report says that there are a large number of bird injuries at several big California solar farms, but that there isn't an easy fix. KCET has more: “The report, compiled by the USFWS's National Fish and Wildlife Forensics Laboratory, describes the results of examinations of 233 carcasses of birds… The occasionally gruesome report indicates that injuries from concentrated solar flux and from impact with mirrors or photovoltaic panels constitute the two largest solar facility threats to wild birds, and suggests that the limited scope of carcass surveys at solar projects may be obscuring the true magnitude of bird mortalities they cause.” More: http://bit.ly/1erqGih
Fedorchak said MDU customers who have natural gas service for a single use, such as a grill or to heat a shop, are most likely to notice the higher fixed charge.
MDU serves 99,000 natural gas customers in 76 communities in North Dakota, including Bismarck, Devils Lake, Dickinson, Jamestown, Minot, Valley City and Williston. About 87 percent of those are residential customers.
from Dickinson paper.don
ISMARCK — The North Dakota Public Service Commission approved the design of a natural gas rate increase for Montana-Dakota Utilities on Wednesday in a 2-1 vote that had PSC Chairman Brian Kalk siding with the AARP in opposing how the increase was structured
Commissioners had already approved a rate increase in December that allowed MDU to increase revenues by 4 percent, or $4.25 million. But how that would be collected from customers wasn’t decided until Wednesday.
Under the approved rate design, MDU residential customers will pay $17.51 per month in customer charges. That’s an average increase of $2.17 per month, though most customers won’t see their bills increase because they’ve been paying an interim rate hike since Nov. 17.
However, customers may notice the difference in the breakdown of charges on their bills. MDU wanted to double the fixed charge to residential customers from about $9 to $18 and to do away with a separate distribution delivery charge. The AARP testified against such a large flat-rate increase, urging the PSC instead to land roughly in the middle at a fixed charge of $13.60.
Kalk said he agreed with that approach.
“The lower the fixed charge, if you do actually use less gas, you’ll pay less,” he said.
Commissioner Julie Fedorchak said customers would see the same total average increase either way, adding, “It’s a difference in how it’s collected.” She said the benefits of a fixed daily charge include lower bills during the high-usage winter months and maintaining the incentive for customers to conserve, noting that more than 65 percent of a customer’s bill is composed of the total cost of gas used each month.
“I think this is a reasonable approach,” she said.
The commission ultimately approved a $15-per-month fixed charge, with the remainder of the customer charge coming in the form of a distribution delivery charge. Fedorchak and Randy Christmann voted in favor of the rate design, and Kalk voted against it.
Article todays Billing Gazette.don
Two Montana pig farms have been hit by a deadly virus that has killed millions of piglets nationally in less than a year.
David “Shorty” Hofer, of North West Pork Cooperative, said the farms hit by porcine epidemic diarrhea, or PED, were Hutterite colonies near Harlowton and Great Falls. Hutterite colonies account for about 95 percent of Montana’s $24.7 million hog industry.
While the deadly porcine epidemic virus has severely damaged hog production in the Midwest and driven up retail pork prices, it has only recently been discovered in Montana.
PED causes diarrhea, vomiting and severe dehydration in pigs, but isn’t a danger to humans or other animals. It can kill up to 100 percent of a farm’s suckling pigs. First detected in U.S. pigs in April 2013, the virus has spread to 27 states.
“The only thing we can do is watch the truck traffic and watch the foot traffic between barns. One CC (cubic centimeter) of infected fecal matter is enough to infect countless barns,” Hofer said.
The American Association of Swine Veterinarians estimates that fewer than 50 cases of PED have occurred in Montana. The Montana Department of Livestock reported a single case of PED in Montana Feb. 10, but hasn’t publicly noted additional cases. Cases also have been reported in Wyoming.
Hofer said that while the virus kills piglets, it is a survivable condition for sows. However, the loss of nursing pigs complicated reproduction for the mothers, who typically go into heat again within six days after their piglets are weaned. With the cycle thrown off, the reproduction rate of just over two litters a year becomes difficult.
Farmers are hopeful better weather will help quell PED