MBI Oil and Gas, LLC is a well-established, locally-owned, emerging exploration and production company located in Belfield, ND. The company got its start in 2001 when long time Williston Basin player, Jim Arthaud, began putting together Williston Basin acreage.  One of his early acreage packages included Elm Coulee, in eastern Montana.  Once his position reached a critical mass, MBI Oil and Gas LLC was formed in 2008 with three employees.  Today we have expanded our base with more local, technical personnel and in 2011 opened an office in Denver, CO. 

James “Jim” R. Arthaud, CEO
  • Founder and CEO of MBI Oil and Gas
  • Serves as director of MBI Leasing, MBI Real Estate, LLC and MBI Oil and Gas
  • Also serves on the boards of a number of petroleum industry organizations
  • Active in state and local government serving on several boards by appointment of the Governor of North Dakota Campaign Committee
    • Governor Jack Dalrymple 2012 Gubernatorial Election Board of Directors
    • North Dakota Petroleum Council Member of the Executive Committee
    • North Dakota Association of Gas and Oil Producing Counties Member of the Executive Committee
    • North Dakota Coal Conversion Counties Association Commission Chairman/Commissioner
    • Billings County 2007 Chairman
    • North Dakota Racing Commission
  • Hometown: Watford City/Belfield, ND
Tony Hauck, CFO
  • CFO of MBI Oil and Gas since 2008
  • CFO of MBI Energy Services, including predecessor, since 2008
  • Prior to joining, Mr. Hauck was an Audit Senior Manager at Eide Bailly. LLP
  • Active certified public accountant
  • Bachelor of Science degree in accounting from North Dakota State University
  • Hometown: Beach, ND
Kyle Beam, Vice President Engineering & Business Development
  • Joined MBI Oil and Gas as Development Lead to manage reserves, acquisitions, divestments and other technical asset management
  • Also functions as a Senior Operations Engineer for MBI Energy Services applying his technical strengths to certain aspects of the well intervention businesses
  • Prior to joining MBI Oil and Gas, Mr. Beam was a petroleum engineer for EnCana Oil & Gas
  • Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines
  • Obtained his professional engineering license in petroleum engineering from the State of Colorado in 2011
Mike Reichert, Asset Manager
  • Joined as first employee of MBI Oil and Gas in 2009
  • Prior to Joining MBI Mike was an auditor for Eide Bailly, LLP
  • Bachelors of Science degree in Management St. John’s University, MN
  • Masters in Accounting Quinnipiac University, CT
  • Board of Directors St. Luke’s Foundation
  • Hometown: Dickinson,ND
Hope Volesky, Controller
  • Controller of MBI Oil and Gas since 2011
  • Prior to joining MBI, Ms. Volesky was an auditor for Eide Bailly, LLP
  • Certified public accountant
  • Bachelor of Science degree in accounting from the University of North Dakota
  • Secretary for the American Petroleum Institute, Dickinson, ND chapter
  • Hometown: South Heart, ND