Oil Booms in North Dakota

[SiouxVolley]

Killdeer is trying to finalize a land deal as a new school needs to be much larger based on projections.

https://www.dunncountyextra.com/land-search-stalls-killdeer-hopes-for-new-campus/

[SiouxVolley]

Here’s a report from Bismarck State on a new plastics plant near Tioga.  Bismarck would train many of the operators, so that would be important to them.

https://bismarckstate.edu/academics/energy/news/Plasticsplantcouldbring200jobstoTioga/

It says 100 - 200 jobs, but the impact of the region would be at least an order of magnitude larger.

[UNDBIZ]

https://bismarcktribune.com/news/state-and-regional/bakken-midstream-seeks-fundamental-change-for-north-dakota-natural-gas/article_5eec2783-38dc-5e4a-96f7-6b7e7faa1d5d.html#tracking-source=home-top-story-1

Quote

 

A new player in the Bakken seeks to dramatically reduce natural gas flaring by laying the groundwork for a new industry.

Bakken Midstream Partners is developing projects in North Dakota that CEO Mike Hopkins says will attract companies to add value to the state’s abundant natural gas supply.

 

 

[Nodak78]

1 hour ago, UNDBIZ said:

https://bismarcktribune.com/news/state-and-regional/bakken-midstream-seeks-fundamental-change-for-north-dakota-natural-gas/article_5eec2783-38dc-5e4a-96f7-6b7e7faa1d5d.html#tracking-source=home-top-story-1

 

This is a big deal for North Dakota.  UND needs to help in anyway they can to facilitate this future.

[BigGreyAnt41]

On 5/24/2019 at 7:52 PM, SiouxVolley said:

Killdeer is trying to finalize a land deal as a new school needs to be much larger based on projections.

https://www.dunncountyextra.com/land-search-stalls-killdeer-hopes-for-new-campus/

Has Killdeer expanded out of the same K-12 building that they've been in for the past 60+ years?

[Sioux>Bison]

5 hours ago, UNDBIZ said:

https://bismarcktribune.com/news/state-and-regional/bakken-midstream-seeks-fundamental-change-for-north-dakota-natural-gas/article_5eec2783-38dc-5e4a-96f7-6b7e7faa1d5d.html#tracking-source=home-top-story-1

 

“Bakken Midstream is not a petrochemical company and is not proposing a plastics plant, Hopkins said.”

so who is going to build the plastics plant? Yes building the infrastructure is the first step, but I would assume they have a contract set up first to supply someone with the raw materials needed for the plastics plant? 

[SiouxVolley]

35 minutes ago, Sioux>Bison said:

“Bakken Midstream is not a petrochemical company and is not proposing a plastics plant, Hopkins said.”

so who is going to build the plastics plant? Yes building the infrastructure is the first step, but I would assume they have a contract set up first to supply someone with the raw materials needed for the plastics plant? 

There are plenty of Asian chemical companies that want a piece of the American shale scene.  But they just want the plant part, not the distribution or delivery part.  The Hess related NG plants could provide sufficient ethane right now, but inventory would be needed for various downtimes

Bakken Midsteam could well build some infrastructure to store ethane in caverns and deliver it to the plant or later build ethane pipelines from NG plants that don't have ethane condenser yet.

Alberta contains more than 40 multinational petrochemical firms.

[Nodak78]

25 minutes ago, SiouxVolley said:

There are plenty of Asian chemical companies that want a piece of the American shale scene.  But they just want the plant part, not the distribution or delivery part.  The Hess related NG plants could provide sufficient ethane right now, but inventory would be needed for various downtimes

Bakken Midsteam could well build some infrastructure to store ethane in caverns and deliver it to the plant or later build ethane pipelines from NG plants that don't have ethane condenser yet.

Alberta contains more than 40 multinational petrochemical firms.

40 multinational petrochemical firms.  Now that is some serious cash ola.

[Sioux>Bison]

21 hours ago, SiouxVolley said:

There are plenty of Asian chemical companies that want a piece of the American shale scene.  But they just want the plant part, not the distribution or delivery part.  The Hess related NG plants could provide sufficient ethane right now, but inventory would be needed for various downtimes

Bakken Midsteam could well build some infrastructure to store ethane in caverns and deliver it to the plant or later build ethane pipelines from NG plants that don't have ethane condenser yet.

Alberta contains more than 40 multinational petrochemical firms.

If they want in why haven’t they announced building a petrochemical plant? Until someone steps up to build a plant none of this infrastructure will be built by Badlands midstream. I’m also confused why a company like Oneok wouldn’t be the one proposing to build the midstream infrastructure because why would they let a competitor come in and build this before they do? 

[UNDBIZ]

4 minutes ago, Sioux>Bison said:

I’m also confused why a company like Oneok wouldn’t be the one proposing to build the midstream infrastructure because why would they let a competitor come in and build this before they do? 

Why spend all the money and effort when you can buy the infrastructure for 40 cents on the dollar after Bakken Midstream goes bankrupt? 

[SiouxVolley]

5 hours ago, Sioux>Bison said:

If they want in why haven’t they announced building a petrochemical plant? Until someone steps up to build a plant none of this infrastructure will be built by Badlands midstream. I’m also confused why a company like Oneok wouldn’t be the one proposing to build the midstream infrastructure because why would they let a competitor come in and build this before they do? 

Midstream companies usually don’t own any oil, gas or ethane etc as part of their business.  Midstream charge fees on handling or transporting the materials.  If nothing is being used, they don’t make a penny.  Prices are paid to the oil company for ethane, even if its passed through a midstream NG plant.  Hess Midstream is the only company in the Bakken that produces ethane and propane pure streams.  Hess Midstream is different than Hess, which is an oil multinational.  Hess Midstream’s assets are primarily the gas plant in Tioga and its NG collecting pipelines.

[Sioux>Bison]

4 hours ago, SiouxVolley said:

Midstream companies usually don’t own any oil, gas or ethane etc as part of their business.  Midstream charge fees on handling or transporting the materials.  If nothing is being used, they don’t make a penny.  Prices are paid to the oil company for ethane, even if its passed through a midstream NG plant.  Hess Midstream is the only company in the Bakken that produces ethane and propane pure streams.  Hess Midstream is different than Hess, which is an oil multinational.  Hess Midstream’s assets are primarily the gas plant in Tioga and its NG collecting pipelines.

Exactly so who’s going to be building the plastic plant. If you know how midstream work you would know they are not going to build the midstream assets until someone contracts for the shipping and processing of the ethane. There are a ton of companies that would build the assets if there was a trustworthy source paying for the buildout. 

[SiouxVolley]

35 minutes ago, Sioux>Bison said:

Exactly so who’s going to be building the plastic plant. If you know how midstream work you would know they are not going to build the midstream assets until someone contracts for the shipping and processing of the ethane. There are a ton of companies that would build the assets if there was a trustworthy source paying for the buildout. 

Bakken Midstream right now is hot on a trail.  Nobody named PTTGC, a Thai based oil and chemical company, to build an ethane cracker in Ohio, but that plant is currently permitted and construction is due to start.

https://www.wesa.fm/post/second-ethane-cracker-closer-reality-ohio

https://www.naturalgasintel.com/articles/117989-pieces-falling-into-place-for-green-light-on-ohio-ethane-cracker

[Nodak78]

Nice article in the Williston herald regarding the investor group.  Very successful individuals.  As soon as able will post article probably not until tomorrow.  

[UNDBIZ]

23 minutes ago, Nodak78 said:

Nice article in the Williston herald regarding the investor group.  Very successful individuals.  As soon as able will post article probably not until tomorrow.  

https://www.willistonherald.com/news/oil_and_energy/big-names-line-up-to-invest-in-value-added-natural/article_a001ad2c-87c1-11e9-9837-9fecfd2ab738.html

[nd1sufan]

On 6/14/2014 at 8:15 PM, SiouxVolley said:

http://seekingalpha....ly-a-lot-bigger

 

Interesting talk about the Bakken getting bigger. The Three Forks is Divide and Burke Counties, as well as in Saskatchewan (called Torquay there) may be gaining a lot of attention. The middle Bakken in Divide and Burke is rather marginal economically, but the Three Forks may be huge there. The middle Bakken in Saskatchewan is productive only because it is cheaper to drill at only about 3000 ft rather than 10,000 ft around Williston. The Three Forks can change to whole equation in northern counties, NE Montana, and SE Saskatchewan.

 

A couple months ago, saw figures that predicted 140,000 wells and Williston with 150,000 people. Those could easily be larger if this is proven out. Crosby could be like Watford City, growing to 20,000 people.

 

On 4/28/2014 at 7:41 PM, SiouxVolley said:

North Dakota may end up with six metro areas with more than 50,000 people. I guess Fargo won't take over the state as NDSU people have been spouting about.

 

 

SiouxVolley with another of his incredibly accurate predictions. The Fargo Metro has added just about 20,000 people since these posts, almost as much as todays population of Williston, 

[SiouxVolley]

1 hour ago, nd1sufan said:

 

SiouxVolley with another of his incredibly accurate predictions. The Fargo Metro has added just about 20,000 people since these posts, almost as much as todays population of Williston, 

nd1sufan with an entirely inaccurate portrayal of Williston’s growth.  I was talking decades and those trolls only consider years.

Edmonton had under Williston’s 2010 population in 1910.  Now it is 920;000 just in the city.  

Trolls not understanding compound growth over generations again.

if it gets a chemical industry, which is more and likely, Williston will get a big lift in growth.

Housing prices are at sticker shock level for a ND town and the economic driver for the city is already overwhelming.

[nd1sufan]

On 6/6/2019 at 11:24 PM, SiouxVolley said:

nd1sufan with an entirely inaccurate portrayal of Williston’s growth.  I was talking decades and those trolls only consider years.

Edmonton had under Williston’s 2010 population in 1910.  Now it is 920;000 just in the city.  

Trolls not understanding compound growth over generations again.

if it gets a chemical industry, which is more and likely, Williston will get a big lift in growth.

Housing prices are at sticker shock level for a ND town and the economic driver for the city is already overwhelming.

Well, I think you said in your 2014 posts that  in 10 - 15 years Williston would be in the 400,000 range. Since then in 5 years, WIlliston has actually lost population. And even though oil prices are down, April was very close to a record of oil production in ND.  Williston could double in the next 5 years (which won't happen)  and still lose ground to Fargo. 

[SiouxVolley]

1 hour ago, nd1sufan said:

Well, I think you said in your 2014 posts that  in 10 - 15 years Williston would be in the 400,000 range. Since then in 5 years, WIlliston has actually lost population. And even though oil prices are down, April was very close to a record of oil production in ND.  Williston could double in the next 5 years (which won't happen)  and still lose ground to Fargo. 

In another thread, figures showed that Williston micro area has grown by over 50% in eight years.  That’s rather substantial growth for an old agricultural state, many times larger than Fargo’s or Sioux Fall’s impressive growth rates.  Never remember stating Williston would be that large in 10-15 years, but did say Midland-Odessa-could be a good match for Williston’s eventual size and that Midland-O area is about that size right now.  But the chemical industry does not choose to build much at Midland-Odessa as its too dry and little water.  Houston has been the main city that has grown because of the Permian Basis via chemicals and plastics.  Williston’s area growth will be much larger if chemical and plastics plants come in, as happened at Edmonton, which is also Alberta’s capitol.

Midland-Odessa used to be the equivalent of Tioga-Stanley before oil was discovered, and now it has more than 300k.

Probably should state that Williston in fact means Williston-Watford City-Killdeer-Stanley-Tioga.

If oil drilling is further improved or oil prices go higher, it could include a larger area like Crosby and Burke County and more southern Bakken areas.

 

 

[NDSU grad]

1 hour ago, SiouxVolley said:

In another thread, figures showed that Williston micro area has grown by over 50% in eight years.  That’s rather substantial growth for an old agricultural state, many times larger than Fargo’s or Sioux Fall’s impressive growth rates.  Never remember stating Williston would be that large in 10-15 years, but did say Midland-Odessa-could be a good match for Williston’s eventual size and that Midland-O area is about that size right now.  But the chemical industry does not choose to build much at Midland-Odessa as its too dry and little water.  Houston has been the main city that has grown because of the Permian Basis via chemicals and plastics.  Williston’s area growth will be much larger if chemical and plastics plants come in, as happened at Edmonton, which is also Alberta’s capitol.

Midland-Odessa used to be the equivalent of Tioga-Stanley before oil was discovered, and now it has more than 300k.

Probably should state that Williston in fact means Williston-Watford City-Killdeer-Stanley-Tioga.

If oil drilling is further improved or oil prices go higher, it could include a larger area like Crosby and Burke County and more southern Bakken areas.

 

 

Killdeer?  It’s 100 miles from Williston to Killdeer. That would be like including Devils Lake in Minot’s population growth. 

[SiouxVolley]

46 minutes ago, NDSU grad said:

Killdeer?  It’s 100 miles from Williston to Killdeer. That would be like including Devils Lake in Minot’s population growth. 

McKenzie County is huge and the largest oil producer in that US and the oil prolific zone extends beyond Killdeer in Dunn County.  Too bad if you have a problem with facts.  Nat gas plants have been built near there.

[Sioux>Bison]

14 hours ago, SiouxVolley said:

McKenzie County is huge and the largest oil producer in that US and the oil prolific zone extends beyond Killdeer in Dunn County.  Too bad if you have a problem with facts.  Nat gas plants have been built near there.

You are trying to tell us that Williston metro area includes Watford City, Tioga, Stanley, etc. you obviously are stretching what facts really are. Nothing but fake news coming from you....

[Sioux>Bison]

15 hours ago, SiouxVolley said:

In another thread, figures showed that Williston micro area has grown by over 50% in eight years.  That’s rather substantial growth for an old agricultural state, many times larger than Fargo’s or Sioux Fall’s impressive growth rates.  Never remember stating Williston would be that large in 10-15 years, but did say Midland-Odessa-could be a good match for Williston’s eventual size and that Midland-O area is about that size right now.  But the chemical industry does not choose to build much at Midland-Odessa as its too dry and little water.  Houston has been the main city that has grown because of the Permian Basis via chemicals and plastics.  Williston’s area growth will be much larger if chemical and plastics plants come in, as happened at Edmonton, which is also Alberta’s capitol.

Midland-Odessa used to be the equivalent of Tioga-Stanley before oil was discovered, and now it has more than 300k.

Probably should state that Williston in fact means Williston-Watford City-Killdeer-Stanley-Tioga.

If oil drilling is further improved or oil prices go higher, it could include a larger area like Crosby and Burke County and more southern Bakken areas.

 

 

Both Odessa and Midland TX already had populations at or above 100k in 2010 when the latest boom began. You are losing it if you think Williston will ever grow to 100k population if even 50k

[SiouxVolley]

26 minutes ago, Sioux>Bison said:

You are trying to tell us that Williston metro area includes Watford City, Tioga, Stanley, etc. you obviously are stretching what facts really are. Nothing but fake news coming from you....

Trying to state that those towns employ workers for the Bakken as they already have NG plants.  Your the one that won't accept facts.  The Bakken is an effective four county area now.

[SiouxVolley]

15 minutes ago, Sioux>Bison said:

Both Odessa and Midland TX already had populations at or above 100k in 2010 when the latest boom began. You are losing it if you think Williston will ever grow to 100k population if even 50k

Midland and Odessa each had about 1000 people before the Permian Basin oil was discovered.  The shale drilling gave it new life as reserves are now almost t h e largest in the world.