News Releases for September 2007
September 04, 2007
For further information, please Contact the Governor's Office
Hoeven Chairs Meeting Of Interstate Oil And Gas Compact Commission In Denver
BISMARCK, N.D. – Gov. John Hoeven Wednesday will host an Interstate Oil & Gas Compact Commission (IOGCC) task force summit in Denver to address oil and gas market dynamics in the Rocky Mountain area and Upper Great Plains. Hoeven will be available for interviews Wednesday afternoon after 3 p.m.
“Increasing domestic supply is the key element in reducing dependence on foreign petroleum, and also helping to reduce prices at the pump for consumers,” Hoeven said. “We are working to address these issues in the Rocky Mountain and Midwestern states at the origin of the supply chain, where much of our petroleum originates. That means working together to build more pipeline infrastructure to get crude to refineries, as well as increased refinery capacity and finished pipeline to get more fuel to consumers.”
The summit will outline strategies for improving market conditions for domestic oil producers in the region, including enhanced pipeline and refinery capacity. Limited oil pipeline capacity last winter resulted in discounted prices for oil producers trying to get their product to market. More recently, lack of refinery capacity and pipeline has pushed gas prices up in the Midwest.
The IOGCC formed a task force composed of representatives from Rocky Mountain states, Canada and federal agencies earlier this year, which undertook a study of crude oil market dynamics.
This summit will bring together a cross-section of the region’s stakeholders involved in all aspects of the crude oil market for the purposes of education, dialogue and planning for the future.
Other confirmed major speakers that will address summit participants include:
Rocky Mountain/Upper Great Plains Background Information:
- Lynn Helms, North Dakota Department of Mineral Resources
- Tad True, Belle Fourche and Bridger Pipelines
Producers’ Perspective:
- Jim Brown, Whiting Petroleum
Pipeline Perspective:
- Shirley Neff, Association of Oil Pipelines
- Denise Hamsher, Enbridge Energy, Inc.
Refiners’ Perspective:
- Tim Kirwin, Suncor
Federal Government:
- Michael Lacy, Federal Energy Regulatory Commission
- David Alleman, U.S. Department of Energy
What: IOGCC Rocky Mountain Crude Oil Market Dynamics Summit
When: Wednesday, Sept. 5
Where: Radisson Hotel Denver Stapleton Plaza Ballroom, 3333 Quebec St., Denver, CO 80207
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