Tour Experiences and Itinerary
Who Should Attend
The Bakken Oil Play
The Bakken play is described as the most significant oil discovery in the last forty years. The 2008 United States Geological Survey estimated that there are around 4 billion barrels of recoverable oil in the Bakken and Three Forks formations.
Technological advances including horizontal drilling and hydraulic fracturing have made producing the Bakken and Three Forks formations commercially viable. The technology and techniques developed in the Williston basin have been applied to other shale plays in Texas, Pennsylvania, Colorado and other locations. But as Harold Hamm, the colorful billionaire oilman who heads Continental Resources, states plainly; “There’s only one Bakken.”
Challenges and Opportunities
Oil and gas exploration has spurred on unprecedented economic activity throughout western North Dakota. The drilling activity alone represents an average of $2 billion each month in capital investment. In 2011, the building permit valuation in Williston was $383 million compared to $172 million in Fargo, a city six times larger than Williston. The enormous economic activity is creating many challenges and widespread opportunities.
Communities are struggling to expand roads, water, sewer, and other infrastructure to accommodate the near doubling of population in many areas. An acute shortage of housing has driven up rental rates and real estate prices. The influx of people has resulted in long lines and waits at restaurants, grocery stores, gas stations and every other retailer.
Many have recognized these challenges as opportunities. Businesses and investors throughout western North Dakota and far beyond are participating in a truly unique economic opportunity.
Learn About the Bakken and Experience it Firsthand
The Bakken Field Tour is a great opportunity for those interested in the Bakken to explore the area in an organized and information-filled fashion including lodging options. The Bakken Briefing will greatly benefit all attendees. The briefing will be approximately 3 hours long and cover a great deal of pertinent information that one would need to know about western North Dakota, energy development, and current activities.
The tour by motor coach shows you the activity, impacts and opportunities in Western North Dakota.
Lunch will be provided during a tour of a Target Logistics crew camp.You visit several communities and oil and gas operating areas and see many energy- and construction-related activities.
8:00 a.m. - 11:00 a.m.
11:00 a.m. - 7:00 p.m.
All Cancellations and refunds must be received in writing or by email. Cancellations received more than 7 days before the specific tour entitles the applicant to a full refund less a $40 processing fee. No refunds will be awarded if a request is submitted less than 7 days before the tour. If the attendee fails to occupy the space contracted for, or fails to comply with the terms of this agreement, the tour management shall have the right to use such space in any manner without releasing the attendee from paying the sum agreed upon.
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Tour Experiences and Itinerary
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