David Young is Chief Executive Officer of BOH. David has worked in the commercial finance industry, with experience underwriting $200 million in loans annually. He also served as contract negotiator on large-dollar acquisitions for the Department of Defense of the U.S. Air Force from 2009 to 2011. He was a key member on a negotiation team that awarded a $270 million, eight-year contract to Lockheed Martin.
David Edwards is the Chief Financial Officer of BOH. His exceptional financial acumen has been key to the success of BOH today. He comes to BOH with 15 years of experience in public accounting, most recently in the automotive and trucking industries. Dave also has extensive experience in tax preparation, tax planning and strategies, mergers and acquisitions, bank relationships and financing, and operational consulting. He is adept at designing and implementing accounting system solutions in complex environments. Dave speaks Estonian, and he loves sports and spending time with his family.
BOH was born in November 2010 at a family gathering when young Joel Young suggested to his Uncle Steve that there was good business in the oil shale play. With little more than Joel’s suggestion, Steve abandoned his early retirement and began the process of building a new company. Steve Young brought a wealth of experience, and the hard knocks of life to BOH. He built an agricultural empire beginning in 1976 with 200 rented acres. By 2004, he had expanded the farming operation to 28,000 acres. This success was followed by Steve’s development of one of the largest privately held fertilizer corporations in the Pacific Northwest, covering seven states. Not one to restrain his entrepreneurial spirit, he also developed a 1-million-bushel grain storage facility on the hub of the Union Pacific spur and, later, a 400-million-pound (annual) fresh-pack potato shed.
Inspired by his conversation with Joel, Steve hit the road, driving more than 2,000 miles from New Mexico to North Dakota in search of the ideal location for the oil field services business that had taken root in his mind. Geography, geology, and gut feeling (much like Uncle Brigham Young) took him to Williston, North Dakota. So, the adventure began. Along with his nephew, Joel, and his son, David, Steve purchased 14 acres from Dennis Bellet, a farmer — and new friend — in Williston.
Father, son, and nephew understood early on that the development of salt water disposal facilities (SWDs) in combination with water hauling services was called for as the basis for a highly efficient oilfield services business. Steve, and Joel moved to Williston, bought a FEMA trailer from Hurricane Katrina recovery sales, and began the process of developing BOH’s first salt water disposal facility, Springbrook SWD, located in Epping, 10 miles from Williston.
We began the process of converting an abandoned oil well into a SWD. We were excited — and nervous — as we cleared the area and started to dig. At merely 15 feet of the 5000-foot goal, our drill bits broke repeatedly, and we could not drill further. With $200,000 and a lot of sweat invested, we were disheartened. But, through the encouragement of some key supporters, including Oasis Petroleum, and the never-quit legacy of the Young family, we persisted. Long-time North Dakota native, Mike Ames, introduced Joel Young to a 76-year-old Leo Grossman with a deep knowledge of oil drilling. With a “hell, I’ve drilled through worse than that...” and “I’ll show you boys how to get work done in the oilfield,” he drilled through the cement plugs like a hot knife through butter, and the rest is history. In 2011, Ryan Sandberg brought his family to North Dakota to assist and help BOH settle in for the long haul. In three short years, Springbrook became the keystone to BOH’s successful growth, reinjecting million of barrels of oil-fraked, production, and other types of water.
Today, BOH operates in North Dakota and manages three saltwater disposal facilities, with two permits for future development. The operation that weathered the stresses of starting an ambitious new business, the near-failure of the SWD drilling, and the worst winter in one-hundred years, has grown to where it is today. BOH Inc. is the fulfillment of our vision, but our growth doesn’t stop here. We are dedicated to building on the family legacy of hard work, continuous innovation, and a mindset of success to pass on to following generations.