The Bakken Spreads Out; Quantum Energy Looking To Build Five "21st Century Energy Centers"

Updates

November 3, 2014: Quantum Energy announces it has secured its first site. Stanley area.

August 21, 2014: whoa, whoa, whoa -- east of billings blog is reporting:

It didn’t take me long (maybe an hour or two) to find that Mr. Andrew J. Kacic, formerly of Arizona, has a fairly extensive history of shady business dealings. You don’t have to take it directly from me or from jilted business partners. You can take it directly from court documents I found from Arizona from his divorce proceedings. He has numerous other civil cases listed in which he was the defendant, mostly it seems for not paying his bills, but the divorce proceedings cover a complex web of business dealings that you can read about below. If you want to know the details of how I found out he was the same person, the information is at the end of this blog.

I think it is important to emphasize that the divorce is irrelevant. In fact, Andrew J. Kacic is irrelevant. What is relevant is the lack of due diligence by our Yellowstone County Commissioners John Ostlund,  Jim Reno, Bill Kennedy and Steve Arveschoug, executive director of Big Sky Economic Development. From my research, it seems as if Mr. Kacic starts businesses, tries to find investors and then uses the company and a private non-profit “foundation” for his own personal piggy bank while actively trying to avoid taxes and creditors. But don’t take it from me, you can read all about for yourself. It reads like a real life version of Arrested Development.

July 1, 2014: I think this is the same information, but I did not read entire article. 

June 19, 2014: my hunch was correct. It is unlikely that we will see any of these refineries in my investing lifetime. 
 

Original Post

The Dickinson Press is reporting more expansion in the Bakken area. Quantum Energy plans to build five oil refineries (mostly likely to produce diesel fuel) in the Bakken area, to include Baker, MT; Fairview, MT; and Minot, ND.

A typical refinery, such as the one proposed for Baker, MT:

The facility, which would be run by Quantum Energy, Inc., would refine 20,000 barrels of oil to produce 7,000 barrels of diesel a day. It would supply fuel to other energy companies and agricultural producers within a 100-mile radius, cutting back on diesel transported from out of state to meet oilfield-related demand.

Based on what I have seen covering the Bakken since 2007, we won't see any of these refineries in my investing lifetime.The importance of this article is to show the potential of the Bakken. Or at least what folks are thinking.