Williston, ND

[Boho]

Williston, ND is even better than Denmark! The last census estimated they will be growing in population to the year 2020 and there is a lot of oil there to be pumped. I made a list of the 86 incorporated companies in Williston NC but none are in the SEC's database. Then I just searched for "Williston" within the company name of all North Dakota companies and I found "Behm Energy - Williston Basin 2014 Program, LLC" which seemed to be offering "equity securities" then but I don't think any more.

How do I make money from my prediction that Williston, ND will prosper?

 

[harley]

Move there, buy a home while they are still cheap, then sell in a few years when the price has significantly increased. Or buy a bunch of places and rent them out.

 

[Gotadimple]

Williston, ND is the old wild West. The population is transient (except for the people who lived in this farming community before they discovered oil). Williston will only prosper as long as fracking is acceptable, or as long as oil is seen as a valuable resource. Once the wells shut down, the economy is back to being based on farming. It's a nice place, but right now, a boom or bust place.

Behm Energy seems like it is one of the drilling companies.

If you can't find info on the local companies, consider them closely held and buying equity securities is very high risk (the risk on you). How do you make money on Williston? Don't invest in the middle guy: Invest in the well established oil companies who are taking the work of the drilling, refining it, and selling it.

How do make money fast on Williston, ND? Probably no way legally.
- Rita

 

[LOL!]

Start a pub/brothel there.

 

[Ronstar]

Start a mobile home / rv park. A lot of transient oil workers live out of rv's and need a place to park them close to their work sites.

 

[Boho]

I don't move to places that I can't see with Google Street View.

OK I found a section on street view. Looks nice enough.

https://www.google.com/maps/@48.154...m4!1shgAgYLR5jDOizesNklObzQ!2e0!7i3328!8i1664

 

[nun]

Williston was once on the Northern Tier cross country bicycle route. But a few years ago the route was diverted south because of all the big trucks, bad air quality, lack of accommodation and general problems that come with a boom town. The route now goes from Wolf Point to Circle and Glendive and then West through Dickinson and Bismark to meet up with the old route at Fargo.

I rode the route a few years ago and while MT and ND were beautiful I could have done without some of the casual racism that I heard towards the Native Americans. I was "warned" about Browning, but got free coffee and cookies from the store run by the Blackfeet Nation and stayed with a wonderfully generous Assiniboine lady near Fort Belknap.

 

[Lakewood90712]

Williston, ND is even better than Denmark! The last census estimated they will be growing in population to the year 2020 and there is a lot of oil there to be pumped. I made a list of the 86 incorporated companies in Williston NC but none are in the SEC's database. Then I just searched for "Williston" within the company name of all North Dakota companies and I found "Behm Energy - Williston Basin 2014 Program, LLC" which seemed to be offering "equity securities" then but I don't think any more.

How do I make money from my prediction that Williston, ND will prosper?

Sorry. You are about 10 years late. Boom times came and a lot left when oil dropped below $60. It's not dead by any measure , but the explosive growth period is long gone.

Here is one of the local real estate Barron's www.youtube.com/watch?v=0il0VPUjpYs

 

[NW-Bound]

There were a lot of youtube videos on Williston from individuals who worked there. I spent quite a bit of time watching them, because I found it as interesting as the gold rush in California, then Alaska a long time ago.

Have not thought about it for a while. I guess it must have calmed down a bit.

PS. Here's an update. It was 1 year ago!

 

[Boho]

Interesting. I got the idea of investing where there will be a population boom and I looked up population forecasts and found Williston. I researched the town a little more and found something about the oil which was just the secondary reason for investing there. Turns out nobody talks about the population and everyone talks about the oil.

 

[meierlde]

To boot during the boom times (until the price of oil crashed) the local minimum wage was in the $15 range. No housing was available, and those who worked for fast food tended to live in their cars. (Just a typical boom town, see Virginia City Nv for an earlier example.) I picked Virginia City because it was not a flash in the pan boom town but lasted at least 15 years as a boom town. (Or see the Copper country either in the UP of MI where the town of Calument went from 60k in 1900 to 6 k people now, or look at Butte MT for a more recent crash when the mining was shut down in the 1970s.

 

[meierlde]

Interesting. I got the idea of investing where there will be a population boom and I looked up population forecasts and found Williston. I researched the town a little more and found something about the oil which was just the secondary reason for investing there. Turns out nobody talks about the population and everyone talks about the oil.

If looking for a sustainable boom town try Midland/Odessa Tx, it turns out that permian basin oil is profitable at $35/bbl. Midland is a boom bust town. during the 2000 rush hour was a few cars, then the price of oil went up combined with fracking and the town Boomed. I was there in the early 1980s and it had one of the largest Rolls Royce dealers in the country.

 

[NW-Bound]

... I looked up population forecasts and found Williston. I researched the town a little more and found something about the oil which was just the secondary reason for investing there. Turns out nobody talks about the population and everyone talks about the oil.

The oil boom was the reason for the temporary population growth. I wonder when they will do an update and revise their outdated forecast. There are a lot of ghost towns in the West and in Alaska, relics from the gold rush.

In contrast to the gold being depleted in the West, there is probably still plenty of oil in the Bakken basin. In another decade or so, when oil gets expensive again there might be another boom. But it all eventually runs out. Or wind and sun energy will take over. Many of us will not be here to see how it plays out.

 

[timo2]

It gets really really really cold in Williston

 

[COcheesehead]

Why do I get this feeling that Boho will always be a day late and ... we'll you know.

 

[Boho]

I'm guessing it's something to do with where you keep your cheese.

 

[COcheesehead]

I'm guessing it's something to do with where you keep your cheese.

...a dollar short.

 

[COcheesehead]

I'm guessing it's something to do with where you keep your cheese.

I hope your investing is better than your comedy.

 

[Boho]

I hope your investing is better than your comedy.

Actually, I bet you don't. That reminds me, I have to check on the two predictions I made in another thread when I get a chance.

 

[JPatrick]

Sorry. You are about 10 years late. Boom times came and a lot left when oil dropped below $60. It's not dead by any measure , but the explosive growth period is long gone.

+1 This pretty well sums it up.
Same deal back in the early 80's. Boom for a couple of years , then bust.
There's plenty of oil to be had, but until prices come up big time, ND will be beat out by lower cost Permian Basin oil.
At this point I'm researching REGX, a unit trust that is producing ethanol, but I'm cooling it until I visit this summer.

 

[NW-Bound]

Here's a May 2016 update. There was a shortage of housing a few years earlier, but all that new construction came too late. Lots of vacant apartments, motel rooms now. Rent has dropped from $2500/month down to $750.

 

[MRG]

Here's a May 2016 update. There was a shortage of housing a few years earlier, but all that new construction came too late. Lots of vacant apartments, motel rooms now. Rent has dropped from $2500/month down to $750.

Sounds like a perfect get rich slow plan.

 

[street]

Interesting! I own land along the river and badlands not far from Williston ND. I don't live in the state. It has slowed down but the state has 40 rigs going of last week and sounds like a dozen more will be going on line this spring. Oil companies are looking for help now and have had many job fairs trying to recruit people. Labor has gotten cheaper and business are getting way more competitive so oil companies are using low costs to drill in their advantage. Drilling triggers all other aspects of the business and things are going to start looking better as spring arrives. The area had a very hard winter with a lot of snow. The production is down but mostly because wells had to be shut in because trucks etc. couldn't get on the site to do work or get the oil out. We are talking hundreds of wells. Bakken oil is one of the purest forms of oil that has every come out of the ground. It takes very little refining to be used as gas etc.. It will come back and it was a good thing a slow down happened so communities and state could catch up with infrastructure etc.. As far as making money I would buy up homes and real-estate. Continental Resources, XTO, Whiting Oil & Gas, Oasis and Exxon Mobile are some that are there drilling and doing business.

 

[Boho]

Oasis...

"Oasis is the premier operator in the Williston Basin...NYSE: OAS"

Hmm...

 

[street]

Yep. oasis petroleum llc

So many big name doing business there.

Marathon Oil, Enbridge, Savage Services, Musket, Bridger, North Star Trans Systems