Wednesday, January 28, 2015

Fargo Riding The Bakken Crest, January 28, 2015

Inforum is reporting:
The value of new construction in the Fargo-Moorhead area didn’t just set a new benchmark in 2014, it more than doubled the old record set in 2013, according to building permit numbers released Tuesday by the Home Builders Association of Fargo-Moorhead.
The total value of construction in the metro area reached nearly $1.4 billion last year, compared to about $662 million in building permit value recorded in 2013, which was the previous high point.
The number of building permits issued in the metro area last year – 4,436 – was the highest number issued since 2008 and up 8 percent from the 4,118 permits handed out in 2013.
More at the link.

US BLM Riding the Bakken Crest

The Dickinson Press:
The U.S. Bureau of Land Management has collected more than $4.2 million from the sale of oil and gas leases.  In total, the seven separate leases, which were placed on bid, covers more than 1,700 acres in North Dakota.  The state of North Dakota is expected to share nearly half of the profits from those leases and the royalties produced, according to the BLM news release.  Leases bought through the BLM are awarded on a 10 year basis or as long as the lease is producing at paying quantities.

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