The endorsements of two municipal governments allowed one oil field support services company to qualify for and receive financing through the North Dakota Opportunity Fund.
Beaver Creek LLC is a trucking and oil field support services company in McKenzie County. The firm’s primary service is logistics and specializing in the metering of oil fields.
Beaver Creek was founded 15 years ago by Dale Little Soldier, a North Dakota native who spent much of his career in education before launching the company to service the region’s energy industry. The firm has offices in Minot but its main terminal is located near New Town.
Beaver Creek worked with Cornerstone Bank to secure funding to purchase equipment for a frac fleet that employs 54 people in the New Town area.
The project qualified on almost every count for the North Dakota Opportunity Fund, which leverages private financing to help small businesses and manufacturers attain the loans and investments needed to expand and create jobs. That is every count but location.
Beaver Creek was not located in one of the 38 communities that comprise the fund’s consortium. However, the company’s regional economic impact earned key endorsements from the City of Watford City and McKenzie County government. These endorsements sealed the deal and allowed Beaver Creek to receive critical financing.
Barrett Withers, Beaver Creek LLC chief operating officer, appreciates LCD Group’s work in making the project possible.
“The North Dakota Opportunity made the difference for us and that’s because Lewis and Clark Development Group made it happen,” says Withers.