A new well is likely to produce about a million barrels of oil, compared to half a million from a well drilled several years ago. Photo by James Ulvog.
A few articles of late:
- 2 hotels closed in Williston
- Ground broken for new Williston airport
- Each Bakken well now expected to produce a million or 1.5 million barrels of oil
9/27 – Williston Herald at Dickinson Press – Two Williston hotels closing their doors – An owner of two hotels with total of 105 rooms will be closing them this week. Both are on the market, for $3.0M and $3.2M. One of them reportedly had drugs sales and prostitution on site during the boom.
Don’t worry too much about capacity. There’s a huge number of hotels open in Williston, especially compared to three or four years ago. Also, those hotels won’t be going anywhere. When the drilling picks up, someone else can pick up those empty hotels for a real bargain. When the space is needed, they will be open.
10/10 – Amy Dalrymple at Oil Patch Dispatch – Williston Breaks Ground on New $240 Million Airport – Construction is underway for the new airport. It will have a 7,500 foot runway and four gates at the terminal. The new airport will be able to handle planes that can hold 165 passengers instead of the 50 passenger jets in use at the current airport.
Currently there are five daily flights into Williston, which is down from 11 at the busiest time of the boom.
12/4 – Million Dollar Way – The Bakken: How Things Stand Near the End of the Year 2016 – The productivity increase in the last few years is staggering. Here are a few tidbits from the article, which is a survey of recent quarterly releases from the drilling companies.
Estimated Ultimate Recovery, EUR, is the amount of oil to be drawn from the well, I believe with only primary recovery. A few years ago (2011), the typical EURs were 550K barrels from middle Bakken and 450K from Three Forks bench. Read more…