U.S. Senator John Hoeven (R-ND) recently came out in support of the Dakota Access pipeline, the hotly contested Energy Transfer Partners-owned pipeline envisioned to move oil obtained via hydraulic fracturing (“fracking”) from North Dakota's Bakken Shale basin. As the pipeline transports oil across North and South Dakota, Iowa, and Illinois, it will cross farms, natural areas, and perhaps most notably, ancestral lands of the Standing Rock Sioux Tribe, which is one of several tribes disagreeing with Sen. Hoeven's assessment that this pipeline is “infrastructure we need.”
What Sen. Hoeven — an outspoken supporter of TransCanada's Keystone XL tar sands pipeline — did not mention, however, is his personal investment in 68 different oil-producing wells in North Dakota under the auspices of the company Mainstream Investors, LLC according to his most recent congressional personal financial disclosure form.
Seventeen of those wells are owned by Continental Resources, the company whose CEO Harold Hamm also serves as a campaign energy adviser to Republican presidential candidate Donald Trump. Those wells have a value of between $11,000–$171,000, and 14 of them, named Wahpeton, are located within 18 miles of the Dakota Access Watford City terminal site.