7,000 More Homes Needed in Williston, North Dakota -- Conference Speaker -- The Heart of the Bakken

Link here to the Dickinson Press.

Organizer Jeff Zarling said that 5,000 may not be the magic number, but the theme was designed to convey the magnitude of the oil boom on western North Dakota’s housing needs to stakeholders around the country.

Peter Elzi, principal of THK Associates, who does market feasibility work for builders and developers, told attendees that Williston has an immediate need for 7,000 homes.

Over the next decade, Williston will need about 25,000 homes, said Elzi, whose Colorado firm has been working in the Bakken for two years.


More than 350 people from 33 states are attending the sold-out summit [being held in Williston], representing developers, builders, investors and others in the construction industry.

I have nothing to say. I am overwhelmed.  Okay, I will say something. I wonder if the analysis is built on 150 billion bbls of original oil in place (OOIP), 300 million bbls, or 900 million bbls.