Making waves of the lightly-repackaged pre-meeting press release kind is this: At the Industrial Commission meeting on Monday a startup called N-Flex will ask for $1 million of your hard-drilled tax dollars to operate a mobile Haber process rig. (I’d post the agenda for the meeting, but that’s not online. I can’t find a website for N-Flex, either, but it is mentioned on Neil Cohn’s LinkedIn).
Essentially, the plan is to take a very small portion of the wasted natural gas from North Dakota’s oilfields (much to most of it is simply burned off like it’s useless) and turn it into farm-worthy ammonia fertilizer for sale at a competitive price.
The Lynn Helms quote in the KFYR story is priceless… ‘Maybe someday we’ll make everyone stop wasting the obscene amount of much natural gas we currently allow them to.’ If I had it in my power, I’d throw money at something, anything to capture the wasted natural gas from these rigs. Assuming that that position was also not empowered to order the rigs to shape up and actually capture or pipe out all the gas that is safely possible to capture.
So for once, I’m not going to fault the Industrial Commission for rubber-stamping this one. But it would be nice if the state made sure it was a loan or equity investment, something that might get a return.