As the Bakken heats up again, Williston prepares for more

New Post Public Reply Private Reply Replies (0) Message Board
Roger Wilco Roger Wilco #9
1,521
As the Bakken heats up again, Williston prepares for more growth

As the Bakken oil fields get busy again so will $BKKN

http://billingsgazette.com/news/as-the-bakken...b822b.html

Even as the bottom fell out of the Bakken boom, Shawn Wenko saw good news in the economic statistics for Williston, America’s fastest growing small city during the oil days.

True, more than 6,000 jobs had vanished along with the high oil prices in October 2014. That’s when overproduction put more crude on the world’s plate than it could possibly consume. The housing shortage, which had oilmen living in camper trailer villages and shipping container man camps, disappeared. The vacancy rate for apartments swelled to 40 percent. Restaurants experienced a 30 percent drop in business.

But something else happened, the oil workers who stayed started putting down roots, said Wenko, Williston's Economic Development executive director. Now the crude is making a comeback and Williston is ready to roll again.

“People who decided to make Williston their home started bringing their families in. So, things were slow, they started to lay people off, but school enrollment started going up,” Wenko said. “School enrollment is good, it’s strong. Our birth numbers are off the charts. A good year in Williston, back in the day we might have done 300 a year. We’re tracking about 800 a year right now with birth records.”

That number, 800, is a good birthrate statistic for a town of just under 30,000 people — and which was a population of only 12,000 a decade ago. If half those children grow up in Williston, there’s going to be a boom in child care jobs and the need for new schools. There were 2,302 students in Williston elementary schools in 2009. In 2015, there were 3,645.

There’s another area in which 800 is Williston’s lucky number: in drilled but uncompleted wells, or DUCs. When the oil boom went bust, companies walked away from hundreds of wells that had been drilled but never hydro-fractured. It’s the fracturing of the oil shale miles beneath the Western North Dakota plain that frees up Bakken oil. After a well is drilled deep and then horizontally, explosives are sent down to crack the earth. Then, sand and fluid is pumped into the fractured bore under high pressure to keep the opening from collapsing. Oil then seeps out of the shale into the void and is pumped to the surface.

Now that the West Texas Intermediate price of oil has risen above $50 a barrel, fracking crews are bringing those DUCs back online.

“We’re probably at about 15 frac crews in the state right now,” said Alison Ritter, of North Dakota Oil and Gas. “We’ll probably add about 10 more frac crews over the next year to get to 25.”

Each fracking crew employs about 40 to 60 workers. Another 40 to 50 people will hire on to service the job by trucking supplies to the site and hauling the tanker trailers of oil away once the wells come online. Ten more crews would mean 1,000 new jobs in the Bakken this year, Ritter said.

The growth is already being felt. Last summer, there were only five fracking crews in North Dakota.

The state is also expecting to add 10 or more drilling rigs to its current fleet of 41. The new rigs would bring another 1,200 jobs to North Dakota, as each drilling rig, boring new holes in the earth, employs 120 people.

“The estimate for the year is that we reach 50 rigs and 25 fracking crews and that’s about 2,200 jobs,” Ritter said. “And if the price of oil reaches $60 a barrel, while we don’t expect it to get to $60, we would see more rigs.”

The number of drilling rigs working in North Dakota now is nothing like the 200-plus rigs working the oil play at the peak of the boom. But, there’s more activity than statistics let on, said Kent Ellis, who has worked in the oilfield for more than three decades. He now runs an office of land men, the people who track down mineral rights holders and arrange contracts with oil companies.

“The difference between a 2006 rig and ones now is the new ones can actually walk 40 feet and drill the next hole,” Ellis said. “They can almost do three times the work without having to be torn down and moved.”

Bakken Resources (BKKN) Stock Research Links

BKKN Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

BETR Investors Face Action: Nov. 20 Deadline Nears

Updated Category News Views 77

High Stakes for BETR Shareholders If you're holding shares in Better Home & Finance Holding Company, right now might feel like you're at a craps table with emptying pockets. BETR, trading under NASDAQ, has become the center of a legal hurricane, with investors eyeing the November 20th deadline to join a securities class action led by Hagens Berman. The class period in...

Continue Reading
Worker.ai Acquires DeltaGen to Spice Up SMB Growth

Updated Category News Views 144

Betting Big on Small Business If you've ever run a small business, you know it can feel like a hamster wheel—more customers usually mean more headaches. But here comes Worker.ai, stepping onto the scene with big promises and a fancy new acquisition. They've scooped up DeltaGen—a mover in real-time AI tech—and launched a platform to hand these overworked owners a...

Continue Reading
Walmart Tops 2026 Recall List: 81 Notices, Food Issues Lead

Updated Category News Views 72

Walmart Behind 81 Recalls: Scrutinizing 2026's Top Contender For an outfit that prides itself on shaking up shopping carts coast to coast, Walmart's stumble onto the recall hotseat this year is a head-scratcher. Imagine leading with 81 official recalls—that's more than a flash in the pan, it's the whole frying pan catching fire. Target and Costco aren't slouches, but...

Continue Reading
Borr Drilling Preps for Q3 2026 Financial Results Call

Updated Category News Views 95

Anticipation Builds for Borr Drilling's Q3 Reveal Sit tight, investors. Borr Drilling Limited is set to drop its Q3 2026 financial results soon—right in the sweet spot post-market close on November 18. These moments are where fortunes are made or broken, and Borr's gearheads better be ready to spill the beans on how their offshore ventures fared in the rocky sea of...

Continue Reading
Chime Joins S&P MidCap 400 Amid Merger Jostle

Updated Category News Views 136

Index Shake-Up: Who's In, Who's Out? Hold onto your hats, folks—big changes are coming to the S&P MidCap 400! Chime Financial Inc. is crashing the party, taking a seat at the table, as NorthWestern Energy Group gets the boot. Now, if that doesn’t grab your attention, I don’t know what will. You've got to appreciate the chaos and opportunities that come with a roster...

Continue Reading
TagMaster To Acquire Kapsch's RFID Ops in NA Market

Updated Category News Views 91

A Strategic Move in the Transportation Sector Here's a fresh shake-up for the North American transportation sector: TagMaster, alongside its U.S. subsidiary Sensys Networks, is all set to acquire Kapsch TrafficCom's RFID-focused North American components business. This isn't just a minor shuffle—this deal could ripple through the industry, promising strategic uplifts...

Continue Reading
Windward Bio Surges 68% in Nasdaq Debut

Updated Category News Views 86

Windward Bio's Impressive Nasdaq Debut Well, how's that for a debut? Windward Bio, this buzzing clinical-stage biotechnology firm, hit Nasdaq like a storm on November 13, 2026. They priced their IPO at $17.00 per share, but by market close, the stock sat comfortably at $28.50. That's a hearty 68% jump on day one, putting their market value at a sweet $1.69 billion. Behind...

Continue Reading
Ani Huang: NAHR Fellow Elevates HR Leadership Standards

Updated Category News Views 177

Spotlight on Ani Huang's HR Leadership In a world where corporate strategies and workforce dynamics continually evolve, Ani Huang's ascent to Fellow of the National Academy of Human Resources (NAHR) signals a pivotal recognition. It's not just another pat on the back; it's a validation of a career steered by determination, expertise, and a knack for navigating the tangled...

Continue Reading
FiEE Rockets to Profitability with 382% Revenue Surge

Updated Category News Views 145

Big Moves in the Tech Jungle: FiEE's Comeback Let's chew the fat on FiEE, Inc., a company that's left its hardware-heavy past in the dust and grabbed the bull by the horns with fresh, AI-driven brand tech solutions. We're talking a whopping 382.1% revenue increase. Now, that's not chump change. From barely scraping $2 million last year to raking in $9.6 million just for...

Continue Reading
Gaine Expands Healthcare Data Solutions Ahead of HLTH 2026

Updated Category News Views 120

Ever felt like healthcare systems are still stuck in a bygone era, struggling with data flinging through the void? Well, Gaine Technology is throwing down its gauntlet to change that narrative. Successful in pharmaceuticals and life sciences, they're turbocharging their Consent and Preference Management solution across the vast, tangled web of healthcare markets just in...

Continue Reading

Top 5 Most Recently Viewed Articles

Australia's Market Surge: S&P/ASX 200 Gains Again

Updated Category News Views 113

Australia's Stock Market Performance Overview The Australian stock market showcased a positive trend, closing higher, specifically the S&P/ASX 200 index, which increased by 0.52%. This uptick was primarily driven by impressive performances in several key sectors, notably Energy, Resources, and Metals & Mining. Key Contributors to Market Gains During this trading session,...

Continue Reading
Partnership Boosts IFA New England with Challenger Teamwear

Updated Category News Views 387

Exciting Partnership Announced for IFA New England In a thrilling development for youth soccer, the Intercontinental Football Academy (IFA) New England has formed a groundbreaking multi-year partnership with Challenger Teamwear and Craft Sportswear North America. This collaboration aims to provide players and coaches with premium uniforms and training apparel designed to...

Continue Reading
CAPREIT Shares Exciting News About Upcoming Distribution

Updated Category News Views 157

CAPREIT Updates on Monthly Distribution Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) has announced its monthly distribution for the upcoming period, currently set at $0.12916 per Unit. When viewed annually, this amounts to approximately $1.55. The distribution will be payable to Unitholders on September 15, 2025, with the record...

Continue Reading
Understanding Challenges in Parkisons Treatment and Medication Dosing

Updated Category News Views 184

Challenges in Managing Parkinson's Disease Treatment Parkinson's disease is a neurological condition that significantly impacts many aspects of daily life. Recent findings highlight the growing concerns related to managing this illness, particularly the practice of splitting carbidopa/levodopa tablets. This is a common approach used by individuals to better manage motor...

Continue Reading
Honoring Roy E. Spicer: Veteran Leader and Advocate Retires

Updated Category News Views 58

Roy E. Spicer: A Legacy of Service and Leadership Roy E. Spicer, a decorated combat soldier and a tireless advocate for veterans, has announced his retirement from the board of directors of The Veterans Consortium Pro Bono Program. This decision marks the end of a remarkable chapter filled with dedicated service to the military community and an unyielding commitment to...

Continue Reading