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Newspaper Archive of
Golden Valley News
Beach, North Dakota
April 18, 2013     Golden Valley News
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April 18, 2013
 
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m m ,! .~-- C-% . ",zC ~-- CO On . Day 1775: Paul Revere rode from Charlestown to Lexington to warn Massachusetts colonists of the arrival of British troops during the American Revolution. 1906: The Great San Francisco Earthquake destroyed over 4 sq mi. and killed over 500 people. 1923: The first game was played in Yankee Stadium ("the House that Ruth built") Yankees beat the Boston Red Sox 4-1. 1956: Grace Kelly married Prince Rainier of Monaco. 1968: London Bridge was sold to an American. It was rebuilt in Arizona. 1978: The U.S. Senate voted to hand over the Panama Canal to Pana- manian control on Dec. 31, 1999. 2012: American Bandstand and New Year's Rockin' Eve host Dick Clark died of heart failure. Vha t s Happening? Listings for high school sporting events, plus public events that are free to anyone and aren't fund-raisers or aren't family or business invi- tations, can be published free of charge in this column. North Dakota State Col- lege of Science's Wildcat Singers Stage Band in con- cerL9 30 in Friday, April 19 (free concert) Beach girls track and field, 10 a.m April 20, at Lemmon, S.D. South Heart School drama production, "Murder Most Fowl," 7:30 p.m April 20 and April 21 North Dakota Game & Fish Department regional ad- visory meeting, 7 p.m, April 22, Great Plains National Bank, Belfield (Rescheduled from April 15.) Area teams - track and field, 3 p.m April 23, at Bowman Belfield Zoning Board meeting, 7 p.m Tuesday, April 23, Council Room at City Hall Belfield City Council special meeting, 7 p.m Wednesday, April 24; agenda includes hiring a police offi- cer, and a contract award for 2013's street improvement project Beach boys track and field, 10 a.m April 27, at Beach South Heart High School Prom, Saturday, April 27 Area teams,boys and girls track and field, 1:30 p.m April 30, at Beach High School State Music Festival at Minot State Uni- versity, May 4 South Heart spring con- cert, for grades 5-12, 7 p.m May 6 South Heart High School graduation, 12:30 p.m Sun- day, May 26 Belfield High School graduation, 2 p.m Sunday, May 26 Prom preparations Megan Benes and Tandra Stedman show the balloons they were picking up on Friday, April 12, from Sip 'N Sew and flowers to go in Beach for the Beach High School Prom that was planned for April 13. Tyler Benes and Stephanie Steele were named king and queen at the event. If it becomes available, a photo of the prom couple will appear in a future edition. (Photo by Richard Volesky) Oil co pany files for b By Richard Volesky holdings are in East Texas. meet these financial requirements, Editor/Reporter The company is negotiating an the company has actively sought fi- Not everything is going well for agreement with the holders of its sen- nancing alternatives to solve its liq- every oil company, even for those in- ior debt due in 2017 for them to ac- uidity needs. The company has been volvedin the North Dakota Bakken quire substantially all its operatir~ unsuccessful in finding any viable and Three Forks formations, assets and undeveloped acreage. The funding solution to meet its long- GMX Resources Inc which has sale needs approval from the Bank- term liquidity needs." assets in the Williston Basin, East ruptcy Court. GMX said that based on discus- Texas Basin and the Denver Jules- Meanwhile, the company says itsions with its various creditor groups burg Basin in Wyoming, has been has a commitment for financing; and advice from advisors, it believes unsuccessful in raising funds to meet which will provide up to $50 million that the rights and protections its long-term cash needs. The corn- to fund the company's operating ex- through a court-supervised reorgani- pany has filed for Chapter 11 bank- penses. Upon approval by the Bank- zation process, including access to fi- ruptcy protection in Oklahoma,ruptcy Court, the new financing and nancing and a proposed sale of the according to a notice sent to poten- cash generated from the company's company assets, will provide the tial North Dakota creditors earlier ongoing operations will be used to company the ability to meet its im- this month, support its business and the corn- mediate financial needs to preserve The Oklahoma City-based corn- pany's efforts to negotiate and im- the value of assets and to provide for pany operates or has in development plement a sale of its assets, the greatest recovery to its stake- stages, a total of 22 permitted oil and The company has assets of $281.1 holders. gas wells in North Dakota, in loca- million and liabilities of $458.5 mil- The company also said that as is tions including Stark, Billings and lion as of Dec. 1, according to court customary in cases such as this, it has McKenzie counties. GMX wells are records. A meeting of creditors is filed motions with the Bankruptcy located.in the New Hradec, Whiskey scheduled for May 6 in Oklahoma Court seeking authority from the Joe, Tree Top, St. Demetrius, Be- City. court that will enable it to continue icegel Creek and Bennett Creek oil "Over the past year, the company business operations without interrup- fields, among others, according to implemented various strategic initia- tion. The requests include authority records of the Oil and Gas Division rives to increase oil production, ira- to honor royalty obligations, pay of the North Dakota Industrial Corn- prove supply chain and production salaries and provide benefits to em- mission, efficiencies, and reduce costs to in- ployees, and pay ongoing undisputed Diamond Blue Drilling Co. and crease cash flow," GMX said in its obligations to vendors and suppliers Endeavor Pipeline Inc which are statement. "While these operating and to approve its operations financ- units of GMX, also filed for bank- initiatives resulted in some success, ing. ruptcy protection, natural gas commodity prices have GMX has been listed on the New GMX, in a prepared statement, at- remained low, and the company's oil York Stock Exchange (NYSE), but tributed the financial problems to low and gas operations require ongoing has notified the NYSE of its Chapter natural gas prices. It's natural gas additional capital expenditures. To 11 filing, and anticipates delisting. Bill would involve state in reservation's oil revenues On July 4, 1776, Congress gave final approval to the Declaration of Independence including the state- ment that "all men are created equal." Let us not forget women, even though throughout time not all peo- ple have been treated equal or fair. Progress, however, has been made and most hope America will continue to hold to and improve upon the re- solve of equality for all. But the word "equal" does not al- ways apply to the bills or their treat- ment in the 63rd Legislative Assembly. Some are long and others are short. Some are clear and others are complex; some are convoluted. Some are strongly lobbied and others only carry quiet voices of support or calls for rejection. Many bills, however, are similar in that they are political in policy and partisanship, which can contribute to Legislative Review By John R. I rby " Increasing the share of oil and gas tax revenue returned to the Three Affiliate Tribes (is) a timely and reasonable request." Ron Ness process inequality and even ugliness, reminiscent to the well-known state- An example of that was engineered ment by Otto von Bismarck, the Cap- last week by Rep. Todd Porter, R-34, ital City's namesake: "Laws are like Mandan, when he added an amend- sausages, it is better not to see them ment to a Senate bill to punish spe- being made." cific environmental groups; the It is easy for those who have Senate bill had nothing to do with the watched the law-making process in House bill already passed that refer- House or Senate committee hearings enced the environmental groups. Bill The ethically questionable pay- back seemed vindictive and petty, (Continued on Page 8) s,gns on By Richard Volesky Editor/Reporter Mark Chesnutt is the scheduled singer for the 11 th annual Spirit of the West Celebration, set for Aug. 2- 4 in Beach. Chesnutt made a national name for himself in the 1990s, with "Too Cold at Home," which was the first of his albums to sell more than a mil- lion copies. Country music fans are also likely familiar with his hits such as "Bubba Shot the Jukebox," "It Sure Is Monday," and "I'll Think of Something." Kim Nunberg, vice president of the Spirit of the West Committee, said the organization through its Facebook page last year asked for suggestions for performers to contact for the 2013 celebration. The sug- gestions were narrowed down, and then the committee submitted an offer to Chesnutt's management. Chesnutt is scheduled to perform at 8 p.m. on Aug. 3, at the Golden Valley County Fairgrounds. Chesnutt, 49, of Beaumont, Texas, makes about 80 performances each year, and has a new single that will be released in May. Chesnutt learned to love music from his father, who was a singer and ance Mark Chesnutt record collector, according to his bi- ography published on Wikipedia, the online encyclopedia. Chesnutt dropped out of school after his soph- omore year of high school to begin playing with his father in clubs around southeast Texas. When he turned 17, his father began to take him to Nashville, Tenn to begin recording. For the next 10 years, Chesnutt began to record on small regional labels while he was the house band for a Beaumont night- club. He slowly gathered a large fan base, which loved to hear his tradi- tional style. Students, from left, Marshall Nunberg and Kelly Groll, and at far right, Morgan Nunberg, pose with Beach Mayor Walt Losinski with the checks the students won for essay entries in conjunc- tion with City Government Week. (Photo by Richard Volesky) City asks students for input By Richard Volesky enormous threat to the health and Editor/Reporter safety of teens, she wrote. A citywide cleanup project, ac- "Most teens drink out of pure tivi;ies for teenagers and a local boredom," Morgan Nunberg wrote. talent fair were among the sugges- "However, if provided With a fun tions made in the winning entry in and safe alternative, teenagers a Mayor for a Day Essay Contest. could have a good time with The winning entry was an- friends without taking risks. In- nounced as a part of City Govern- stalling a community youth recre- ment Week in Beach, held across ational center with a gym, arcade, North Dakota, April 8-12. First music, etc. could encourage place in the contest went to Morgan teenagers to put a stop to underage Nunberg, second to Marshall Nun- drinking and discourage them from berg and third to Kelly Groll. relying on alcohol for fun." Henry Gerving, a member of the While the community recog- Beach City Council,judged the es- nizes the success and accomplish- says. ments of the agricultural part of the In her essay, Morgan Nunberg area, Morgan Nunberg said it also wrote about how Beach attracts is important to recognize the tal- travelers because of its location ented painters, musicians, photog- along Interstate 94, but unfortu- raphers and other local artists. She nately the roadsides and streets are suggested that an annual arts and littered. She suggested that a city- music fair be held during the sum- wide cleanup project be organized, met so the community can expand with a prize for the resident who its diversity and can meet its sev- picks up the most garbage, eral talented individuals. Morgan Nunberg wrote that as Marshall Nunberg's essay said of July 2012, North Dakota has the he believed more small businesses third highest teenage binge drink- ing rate in the country, at 25.6 per- Mayor cent. The high percentage poses an (Continued on Page 8) An education is one of the most important investments you'll "" ' make, and we want to make it easier for you. When you're ready to apply to college, we re ready to help with a student loan. For more information about our Student Loan Program, : stop in and visit with one of our loan officers. Beach 872-4444 Golva 872-3656 Medora 623-5000 24 hr. ATM in Beach & Medora lobby Medora Hours: 9 a.m. to 4 p.m We now offer Internet banking! www.fsbofgolva,com Member FDIC