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Friday, November 30, 2012

Williston Wire Stories -- The Bakken

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North Dakota named best-run state, 24/7 Wall Street, a respected financial news outlet.

A record 634 North Dakotans reported incomes of more than $1 million on their 2011 individual tax returns; up from 532 in 2010; largely due to royalties paid to mineral owners by oil companies. Average adjusted gross income in North Dakota increased from $53K in 2010 to $61K in 2011.

North Dakota's airline industry is booming; boardings are up almost 20%. Minot's boardings increased by 53% this past October compared to October one year earlier.

Employment is soaring in the Bakken: employment in the state's oil patch has increased by about 50 percent over the past three years.

The reason NDIC approved a series of 14 wells on two overlapping 2,560-acre spacing units was to minimize the effects on the city of Ambrose. Samson Resources is doing the drilling.

Alexander Lodge, a crew camp, officially held its grand opening; $75/night special through the end of the year. 360 private bedrooms with 10 rooms in each individual housing unit.

ALCO Store opens in Tioga; staff of 40.

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