Jim Arthaud has led a successful career in the oil and gas industry for more than 40 years and is known for his entrepreneurial spirit, leadership, and commitment to serving his friends and neighbors.  Jim has been an early mover in energy development, in North Dakota and Wyoming, leasing prospective areas through sound geologic interpretation.  In addition to his role as CEO of Wave Petroleum Operating LLC, Jim is also the CEO of MBI Oil & Gas, Stout Street, and ND Energy Services.

Jim serves on a number of industry/community boards, including, the North Dakota Petroleum Council Board of Directors; County Commissioner, Billings County (past Chairman); ND Association of Gas and Oil Producing Counties (Executive Committee); ND Coal Conversion Counties Association; Governor Jack Dalrymple 2012 Gubernatorial Election (Board of Directors); North Dakota Racing Commission (Chairman, 2007); North Dakota Clean Sustainable Energy Authority. In 2013, Jim was recognized as the Ernst & Young Entrepreneur of the Year, Upper Midwest.

Jim resides in Medora, ND with his family.