Around the State: July 2012

Rasmussen College Expands Bachelor Completer Programs

Rasmussen College has expanded its online Accelerated Bachelor’s Degree Completion Program with North Dakota. The program is designed to help adult students with previous college credit earn a degree in one of seven programs in as few as 18 months. The programs are available at the college’s Fargo and Bismarck campuses. To be eligible, potential enrollees must already possess an Associate’s degree or have completed at least 40 semester credits.

North Dakota State University’s Upward Bound Program Receives Continued Funding

Upward Bound, a federally funded program hosted at North Dakota State University (NDSU), received continued funding in the amount of $1.25 million through 2017. The program serves income-eligible, first generation high school students in Fargo and West Fargo Public Schools who are preparing to enroll in post-secondary education. The program’s goal is to increase the rate at which participants complete secondary education and enroll in and graduate from institutions of post-secondary education.

St. Alexius Medical Center Enters into Agreement with Linton Hospital

St. Alexius Medical Center in Bismarck has entered into a management agreement with Linton Hospital. Ownership will remain with Linton Hospital with the added resources and leadership of St. Alexius Medical Center. Additionally, St. Alexius will assist Linton Hospital with the placement of a CEO and help with physician recruitment.

Construction Underway for Pioneer Generation Station

Basin Electric’s Pioneer Generation Station is expected to look much like the Culbertson Generation Station near Culbertson, MT.

Construction is underway for Basin Electric Power Cooperative’s Pioneer Generation Station. The station is a 45-megawatt natural gas-fired peaking station northwest of Williston and will serve the increasing demand for electricity by member cooperatives in that area. The power plant is directly adjacent to a gas processing facility called Stateline I, which is also under construction. Both facilities will be tied into the Mountrail-Williams Electric Cooperative substation. Operations for the Pioneer Generation Station are expected to begin early next year.

Dawa Solutions Group Conducting Bakken Field Tours

Dawa Solutions Group, LLC is conducting Bakken field tours and workshops for those interested in experiencing the oil production boom firsthand. The field tours are being held from late July to late September of this year. Each two-day tour consists of a workshop on the first day with a motor coach field tour on the second day. The workshop provides a broad overview of energy development in North Dakota and the economics and activities involved in the state’s oil industry. For more information go to www.bakkenfieldtour.com.

CoreLogic Reports North Dakota Among Lowest in Foreclosures

CoreLogic’s recently released National Foreclosure Report indicated that North Dakota was among the five lowest states in the number of completed foreclosures for the 12 months ending in May. The report indicated that the state had 547 completed foreclosures, representing 0.8 percent of the state’s inventory.

Northern Oil and Gas, Inc. Increases Borrowing Base

Northern Oil and Gas, Inc. recently entered into an amendment that increases the borrowing base under its revolving credit facility to $300 million. At the time the company entered into the agreement, Northern Oil had no outstanding borrowings under the facility. Michael Reger, chief executive officer, commented, “The pace of drilling and completions in the Williston Basin has continued at extremely high levels through the first half of 2012. With $300 million in borrowing capacity at attractive rates under our revolving credit facility, we believe we are well positioned to continue to expand and execute on our business plan.”

Comments

  1. David Micheals says:

    It’s good the university is receiving funding. Degrees are important for people to have these days.

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    David Micheals
    Fort Wayne Bus

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