Winnipeg Free Press Newspaper Archives Jun 20 2015, Page 47

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Winnipeg Free Press (Newspaper) - June 20, 2015, Winnipeg, Manitoba C M Y K PAGE B10 B 10 WINNIPEG FREE PRESS, SATURDAY, JUNE 20, 2015 BUSINESS winnipegfreepress. com 1350- One Lombard Place | Winnipeg | 204.944.9474 I www. wpgfdn. org In an effort to take Indigenous languages beyond preservation and into people’s daily lives, Roger Roulette, a language specialist in Ojibwe, Cree and Oji- Cree, is working with the Manitoba Indigenous Cultural Education Centre to create a series of educational resources for teachers and students. The project, supported by grants from The Winnipeg Foundation, has received positive feedback from teachers. While students are learning about Indigenous languages, they’re gaining so much more – a deeper understanding and appreciation of Indigenous culture and history. “ I think that legacy is so important to hand down to the next generation,” says Mr. Roulette. “ We wouldn’t exist if it wasn’t for our past ancestors having adopted these particular values.” You can read more success stories in the Spring 2015 edition of Working Together, available online at wpgfdn. org . Speaking up for Indigenous languages Foundation Feature is published every second Saturday with the generous support of the Winnipeg Free Press. publi Roger Roulette. 774- 4444 We are open 24 hours at: www. winnipegdodge. ca TOLL FREE 1- 877- 448- 7788 OPEN: Mon. & Tues. 9 am - 9 pm Wed. - Sat. 9 am - 6 pm Dealer Permit # 5053 Walt Morris President WE ARE OVERSTOCKED AND NEED TO CLEAR OUT ALL T HIS INVENTORY NOW!! $ 1 8 ,9 9 5 2015 CHRYSLER 200 LX B RAN D BRAND NEW NEW STK# 564648 $ 2 4 ,995 2015 JEEP CHEROKEE SPORT STK# 559956 $ 20,850 2015 JEEP COMPASS SPORT B RAN D BRAND NEW NEW STK# 178459 $ 20,995 2015 DODGE GRAND CARAVAN CVP B RAN D BRAND NEW NEW STK# 502611 $ 1 5 , 9 98 2015 JEEP PATRIOT SPORT B RAN D BRAND NEW NEW STK# 317859 $ 2 4 ,998 2015 RAM PROMASTER CITY SLT CARGO B RAN D BRAND NEW NEW STK# 199857 $ 20,695 2015 DODGE JOURNEY CVP STK# 518437 $ 2 4 ,99 8 2015 RAM 1500 EXPRESS STK# 622369 $ 2 4 ,99 8 2015 DODGE JOURNEY SXT STK# 525409 $ 17,795 2015 DODGE DART SE B RAN D BRAND NEW NEW STK# 165167 $ 3 7,998 2015 WRANGLER UNLTD SAHARA 4X4 B RAN D BRAND NEW NEW STK# 516933 $ 24,9 9 8 2015 DODGE GRAND CARAVAN SXT B RAN D BRAND NEW NEW STK# 503261 O B O + GST P S T OBO + GST P S T OBO + GST P S T OBO + GST P S T OBO + GST P S T OBO + GST P S T OBO + GST PST OBO + GST PST OBO + GST PST OBO + GST PST OBO + GST PST OBO + GST PST 4- ALL OFFERS ACCEPTED!! BRAND BRAND NEW NEW BRAND BRAND NEW NEW BRAND BRAND NEW NEW BRAND BRAND NEW NEW DEMO DEMO A MID persistently low oil prices, the number of rigs drilling new oil wells in North Dakota hit its lowest point in more than five years, the state’s top oil industry regulator said Friday. The count of rigs, mostly targeting oil and gas in shale layers, stands at 79, a drop of 21 since March. It’s the lowest count since December 2009, near the beginning of North Dakota’s oil boom, according to the monthly Director’s Cut report by Lynn Helms, head of the state Mineral Resources Department. Oil drillers have been scaling back operations for months as persistent low oil prices make it uneconomical to invest in new crude oil supplies. Domestic crude oil dropped below $ 60 per barrel on Friday, though it has rallied since January’s low point of under $ 44. A year ago, the monthahead contract for West Texas Intermediate sold for $ 107 per barrel. North Dakota crude sells at a discount to WTI because of shipping constraints. Friday’s unofficial Bakken price was $ 48 per barrel. In the Friday report, Helms said operators are running five to eight fewer drilling rigs than they had projected to run at current oil- price levels. “ Continued oil price weakness anticipated to last into next year is by far the primary reason for the slowdown,” Helms said. The high point of drilling was in May 2012, with 281 rigs, Helms reported. Most of them bore into the Bakken shale formation or the less- famous Three Forks shale layer beneath. Even when wells are drilled, they often aren’t completed to save money — a trend that seems to be accelerating. Hydraulic fracturing is the final step to inject water, chemicals and sand under high pressure to release shale oil and natural gas. Helms said the tally of well completions fell from 244 in March to a preliminary estimate of 94 in April. Meanwhile, the number of wells awaiting completion rose from 45 in April to an estimated 925 wells. To maintain the state’s production near its high point of 1.2 million barrels per day, about 110 to 120 wells need to be completed each month, Helms said. That’s because new oil wells produce a lot of crude at the beginning, then settle into a lower production rate. North Dakota’s oil production fell to 1.16 million barrels per day, down from March and from the all- time high in December of 1.22 million barrels. Most of the oil is still shipped on oil trains to refineries on the east and west coasts. — Star Tribune ( Minneapolis) Low oil prices taking toll on N. D. drill operations Rig count hits lowest point since state crude boom began By David Shaffer ‘ Continued oil price weakness anticipated to last into next year is by far the primary reason for the slowdown’ ERIC GAY / THE ASSOCIATED PRESS FILES The number of drill rigs in western North Dakota’s oilpatch has slipped to a five- year low due to the falling price of oil. B_ 10_ Jun- 20- 15_ FP_ 01. indd B10 6/ 19/ 15 6: 50: 35 PM

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