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Sunday, April 8, 2012

Glendive, Montana -- Getting Ready for Another Oil Boom -- Not The Bakken (?)

Updates

Later: see first comment. A reader suggests the interest in the Glendive area may be the Red River formation and the "false Bakken." I talk about the "false Bakken" here

Original Post

Link here to the Billings Gazette

Data points:
  • Glendive -- population, 5,000
  • Glendive is 100 miles west of Dickinson; both are located on I-94
  • both are served by BNSF railroad
  • last boom ended 30 years ago
  • now, rentals scarce, pricey; home prices skyrocketing
  • two new housing subdivisions and a hotel are under construction
  • fast food restaurants setting records
  • construction bans along the Yellowstone River floodplain limits construction
  • like Sidney and Bainville, utilities are being maxed out

Go to the link for the rest of a very fascinating story.

The article does not mention which formation is being targeted (unless I missed it). It seems Glendive is at the southwestern edge of the Williston Basin. Since I don't follow Montana side of the border I can't add much. Maybe later.