Thursday, June 14, 2012

Fracking For Growth in the Williston Basin

It looks like we are about to see a series of great stories coming out of the Bakken at MarketWatch.com.

A reporter from Milwaukee is on a cross-country drive to Williston to see for himself what all the excitement is about. He said that he had trouble finding a hotel room in Jamestown which is nowhere near the Williston Basin, in one sense. Jamestown is in North Dakota, but that's about all.
Intriguing to me is that there is downtown real estate still available in Jamestown, only about a mile from the college. In talking to the very sweet Cathy at the front desk, of the very comfortable Gladstone Inn & Suite's where I am staying, it is apparent that Jamestown is going through some changes. Located along Interstate 94, within a few hours of a major oil boom, a few other nearby job catalysts and with a charming downtown, the Buffalo City appears to be a town on the come. 

While eating dinner at Grizzley's, I had the opportunity to talk to a few truckers. Each of them made the point that Williston was a little wild right now, but that the money was flowing. One gentleman hauled fracking mud from Michigan, which he described as being used to water proof the piping used in the drilling process. He was quite knowledgeable about the process and believed that, from an environmental standpoint, the drilling companies were being very diligent about protecting the ground water, if nothing else to protect their golden goose. 
This is going to be fun. Stay tuned. And go to the link.