PIERRE, S.D. – The State of South Dakota and the Governor’s Office of Economic Development are taking new steps to promote the oil and gas industry within the state.
“With South Dakota’s proximity to the Bakken Shale and Williston Basin, we are really positioned well to accelerate activity in this industry,” said Hunter Roberts, State Energy Policy Director. “We are not only looking to bring new business in to South Dakota, but also to assist our existing companies that have the potential to serve this market.”
The focus on the oil and gas industry and its supply chain came as part of the GOED’s recent review of the state’s key industries, when the focus on renewable energy was expanded to include all energy sectors.
As part of this effort, the GOED has engaged the services of Black Hills Business Strategy, a Rapid City-based consulting firm.
BHBS specializes in management consulting, turnarounds, mergers and acquisitions and its team has significant experience in the oil and gas industry.
“The consultants from BHBS are conducting a study that will ultimately give the state and our businesses a leg up in capturing opportunities related to the oil and gas industry,” Roberts said.
Jim Quinn, one of the BHBS consultants, said that the study will be conducted in three stages.
“Right now, we are in the first stage and in the process of identifying the oil and gas operators, drillers, contractors, and suppliers who are active in the Williston Basin and provide the greatest opportunity for creating jobs in South Dakota,” Quinn said. “Our goal is to come out with a clear understanding of what the specific needs are for each company and criteria they use for sourcing goods and services, so that we can better identify the opportunities for South Dakota, create jobs, and further business growth.”
The consultants also attended the Williston Basin Petroleum Conference in Saskatchewan, Canada, as part of the South Dakota contingency earlier this month.