After several months and completing our successful golf tournament we are finally back meeting with our general memberships. The last meeting was May 20th at Eagle Ridge. We had forty members present eagerly waiting for Phil Archer's, from Crusoe, presentation.
Both Kerri Espeland and Jonathan Iblings covered the financials from May through the end of August.
Treasurer’s Report: June thru August:
June Beginning Bal: $106,299.89
Checks Written: $113,927.89
Interest Earned: $1.03
August Ending Balance: $103,780.96
Scholarship Fund: $15,243.36
Cd’s $6,075.29, $6,073.96, $6,134.67
Carl Hirsch covered the May 20th general membership minutes.
Ken Callahan reviewed the golf tournament and highlighted Liberty Oilfield Services for their commitment to serving the golfers through the what felt like a hurricane with a major downpour. He also thanked Holand Neubauer for hosing the second part of our social. The plans are to host the social at Holand's place again, the walleye was incredible and the fireworks were spectacular.
Jared Iverson discussed the following donations:
Tioga Area Economic Development Drone and Robot Camp $1,000
Williston Community Library $1,000 (will have opportunity to present for additional)
Feed My Starving Children $1,000 (presenting tonight for additional)
Labor Day Survivor Games $1,000
Willow Wahl family Benefit $1,000
Williston Police Halloween Scavenger Hunt $500
Strike Zone Youth Bowling $1,000
Williston Outdoor Pool $1,000 (will present 10/5 and ask for $5,000)
Jared also read the bylaws that the board reviewed and made the following suggested changes to the amendments:
- Adding a Past President position to the board to assist current President in the smooth operation of the GMM’s and events. This would make the board have 10 positions.
- Term Chairman will be changed in bylaw language to “Chair” to be more politically correct…
- Any board member who is no longer qualifies as a member or becomes an associate member or is a member not in good standing shall forfeit their board position at the end of the year.
- Executive committee shall consist of the Chair, Vice Chair, Secretary, Treasurer, and Immediate Past Chair.
- Amending the membership requirement, now a company membership can be utilized for up to 3 scholarships within paying company.
- Amending timelines for scholarships to be reviewed and determined in the Spring and awarded before the school year (late Summer)
- $10,000/ month donation limit removed, proper review and approval of donations will continue as per current practice.
Ken explained how excited he was for the Williston Chapter of API, they recently came of off a board retreat from Medora where Jeff Zarling from Dawa Solutions facilitated it.
The following are the changes that will be made in 2022:
- Jared Iverson will take over as president, Ken will roll into past president
- Jonathan Iblings will take over as treasurer from Kerri Espeland
- Larry Medhurst will take over for Jared Medhurst on the board, however, Jared will stay on a committee for a minimum of one year
- Holand Neubauer will replace Dewey Baily on the board, Dewey will stay on a committee for a year.
Each event will headed by the following committees:
Crysie Hendershott – Chair
Carl Hirsch – Co-Chair
Kerri Espeland – Chair
Holand Neubauer C0-Chair
Jared Medhurst – Committee member
Larry Medhurst – Chair
Brom Lutz – Co-Chair
Dewey Baily – Committee member
Jared Iverson and Ken Callahan will help assist all three committees and Jonathan as treasurer will help where needed.
Williston State College partnered with Train ND and K12 education. Adult Learning Center to assist area immigrants in McKenzie and Williams county with various education endeavors such as English and GED courses. 2020 Census showed McKenzie and Williams County top 2 counties in NATION for growth over 2010 Census.
Feed my Starving Children presented for the first reading of a $5,000 donation request. Board has approved $1,000 per bylaws, and solid presentation was given about the stats of starving children in third world countries. Moved, seconded, M/C
Program: Introduction to Digital Flare Mitigation: Unlocking the Value of Stranded Energy
Crusoe Energy Phil Archer, presented on Crusoe, how they were founded and their business concept of purchasing natural gas to power generators to then power bitcoin mining stations. Collection of venture capital companies have invested in Crusoe, including some from Silicon Valley, CA and the capital groups that have funded Tesla. Deploy time to have a setup rigged in on a wellsite, 4-10 days and can be moved to new site within 5 days thereafter. Contract times with E&P typically 3-5 years. Gas bought from E&P at a fixed flat rate. Senate Bill 2328 has helped them in their pursuit, the $6,000/month per well tax credit for 12 months has proven attractive to E&P companies to mitigate gas flaring as much as possible. This allows for revenue to be produced off gas on stranded wells. Some issues are midstream and pipeline constraints and landowner issues. This was an excellent presentation on a new emerging technology, presentation will be made available on our website soon.
Ken thanked the servers, cook, and Dakota Chemical for being our social sponsor.
Drawings for API polo shirts with the new logo - seven winners
Our next meeting will be held on October 5, 2021 at Four Points by Sheraton Williston.
Program: Nova Energy LLC. Brandon Sheets of AIC Energy Corp, the facility foreman/project lead will present on the Biofuels Refinery that is breaking ground later this year in the Trenton area.
Sponsors: Nova Energy LLC and Crusoe Energy