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Thursday, July 25, 2013

Fuddruckers Breaks Ground In Williston -- The Williston Wire; Outlaws Bar & Grill; Famous Dave's Also Coming To Williston -- And Some Say The Boom Is Over; Remember: $3 Billion/Month Is Going Into The North Dakota Bakken

At The Williston Wire; some of the stories here. No links. It is easy to subscribe to The Williston Wire.

Along with Fuddruckers, the Williston Building Department has received building plans for Outlaws Bar & Grill and Famous Dave’s. Outlaws will be located near First International Bank & Trust while Famous Dave’s will be built adjacent to the Hampton Inn & Suites.

Home of Economy will expand by 14,000 feet.

Menard's to open in Williston, previously reported.

Acme Tools to start building in late August near intersection of 2 & 85 in Williston, previously reported.

Williston was a sleepy town of 9,000 when I grew up there; we always exaggerated when we said the population was 12,000, but somehow 12,000 sounded better than 9,000. Now, they say the population of Williston is 25,000 to 33,000 and the pace of growth with continue at a "high rate."

How the mayor sees the boom:
Williston's typical boom-bust cycle appears to be headed to a boom-business model and the start of that new cycle has already started.
"This is unchartered territory," said Williston Mayor Ward Koeser. "There's a period of rapid growth of people and business, then at some point you reach this stage where it stabilizes. In my mind, it happened probably about last fall."
Y'all can do the math; I will do it later when I am back home after a bit of traveling, but Lynn Helms is opining that the estimates are off:
An estimate in the governor's 2013-15 executive budget on statewide oil production is likely to be surpassed in the biennium's opening months, according to the state's top industry regulator.
Lynn Helms, director of the state Department of Mineral Resources, said this week that he expects North Dakota oil production to increase by about 20,000 barrels per day each month from June through August. Preliminary May numbers put production at a record of more than 810,000 barrels per day.
Actually, not too difficult -- 20K x 7 = 140K + 810K = 950,000 bopd by the end of the year. My hunch: 50-50 that "we" will over a million bopd by the end of the year.

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