BAKKEN BREAKOUT • November 2011


other companies, too. Power Fuels puts their new drivers through a five day training course and rewards them with safety and performance bonuses.


Dave Morrison, spokesperson for Royal Trucking said the company strictly adheres to the safety policies of the businesses it leases its trucks to, including mandatory safety meetings every month. He said there are safety issues carrying crude oil out because it presents environmental concerns if it’s spilled. Hauling oversize machinery can be dangerous, too.


For both Power Fuels and Rachel Contracting, a typical day for a driver includes checking the truck to make sure everything is in good


Jamie Eraas, city administrator for Tioga indicated that carrying goods by rail could increase safety in oil producing areas by taking some of the traffic off the road.


That’s starting to happen. Besides bringing in proppants and building materials, Watco is beginning to ship more oil out of the Bakken. The company has shipped oil out for one client since 2009, has recently signed a contract with another client and is in the process of negotiating a contract with a third client.


VanBecelaere said transporting oil out of the Bakken by rail is growing in popularity because the pipelines can’t carry as much oil as the Bakken is producing. The crude oil


Page 47 You Work Hard . . . You Know Oil & Gas ou Know Oil & Gas


(ICPAX)


YOUR OPPORTUNITY TO BE A PART OF THE ACTIVITIES IN THE WILLISTON BASIN - INVEST IN NAMES YOU KNOW!


Fund invests in companies benefitting from or participating in the development and production of oil, gas, and related industries of the resource-rich Williston Basin/Mid-North America region.


TOP 25 HOLDINGS (as of quarter-end - September 30, 2011) 2.62%


Brigham Exploration Co. 5.35% National Oilwell Varco Inc. 4.91% Hess Corp.


Baker Hughes Inc.


CARBO Ceramics Inc. Oasis Petroleum


Halliburton Company


4.40% 4.39% 4.30% 4.17% 3.91%


Kodiak Oil & Gas Corp. 3.65% Lufkin Industries Inc.


3.52% Complete Prod. Services Inc. 3.43% The portfolio may or may not hold and is not restricted to the companies listed.


Continental Resources Inc. 2.90% Basic Energy Services


Cameron International Corp. 2.53% Dresser-Rand Group Inc. 2.33% Whiting Petroleum Corp. 2.13% Enbridge Inc.


Patterson-Uti Energy Inc. 1.96% GeoResources Inc. EOG Resources Inc.


1.97% 1.94%


1.72% Potash Sask


Schlumberger Ltd. Kinder Morgan Inc.


MDU Resources Group Inc. 1.52% Deere & Co.


1.70% 1.40%


1.37% 1.29%


Key Energy Services Inc. 1.28%


Thomas Gunderson, CFP Wayne Muehler, CFP Perry Bohl, CFP


located at American Bank Center 320 N. 4th Street • Bismarck, ND 58501


255-6832 or 1-800-279-6016


Investment Centers of America, Inc. (ICA), member FINRA, SIPC, a Registered Investment Advisor, is not affiliated with American Bank Center. Securities, advisory services, and insurance products are offered through ICA and affiliated insurance agencies and are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed by American Bank Center *subject to risks including the possible loss of principal amount invested. ICA is not affiliated with American Bank Center or Integrity Viking Funds.


working order before he is dispatched for the first load. Drivers also perform post-checks when their shifts end.


Railroad transportation guidelines are just as stringent. A typical shipment through Watco begins with a safety briefing with all the crews. The rail cars are inspected both before and after they’re loaded.


still needs to get to Cushing, Okla., where it’s shipped out to larger markets. “There is plenty of rail capacity to move crude out,” VanBecalaere said.


That use of that option may increase in the future. The Bakken is still booming, and that means transportation both in and out of the area will continue full-speed ahead, as safely as possible. ■


Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Diversification does not assure a profit or protect against loss in a declining market.


Because the Fund normally invests in common stocks of companies engaged in natural resources- related activities in a limited geographical region, the Fund’s performance largely depends on the overall economic condition of that industry and geographical region. Additionally, diplomatic, political or economic developments in foreign countries could adversely impact the Fund’s investment in secu- rities of foreign companies.


The Fund is sold by prospectus only. An investor should consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus con- tains this and other information about the investment company. You may obtain a prospectus at no cost from your financial adviser or at www.integrityvikingfunds.com. Please read the prospectus care- fully before investing.


Integrity Funds Distributor, LLC 1 Main St. N. • P.O. Box 500 • Minot, ND 58702 800-276-1262 • integrityvikingfunds.com Member: FINRA


NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE


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