McKenzie County - Watford City Real Estate

Ideal Opportunity for Investment • Development
McKenzie County
Watford City, North Dakota
CENTER OF THE BAKKEN SHALE PLAY
Watford City.
The city that re-invests
in itself for a brighter future.
• Bypass Opens October 2014
• $56 million Community Event Center
• $55 million Mckenzie County Healthcare Facility
• $50 million Watford City High School
• $3.5 million Airport Expansion
WATFORD CITY REAL ESTATE
701-842-4500
WATFORDCITYREALESTATE.COM
North Dakota’s Finest Development Opportunity
Divide
Burke
Renville
Williams
Bottineau
Mountrail
Ward
McKenzie
McHenry
32.5%
McLean
Dunn
Merces
Billings
Golden
Valley
Oliver
Stark
Slope
“There is part of the Bakken and Three Forks
play that has the best rate of return of any of the
other Shale basins in terms of oil and natural gas
production,” states Helms. “It is that area we
always talk about that is in a rectangle from
Watford City to Ray, over to Stanley and down
to Killdeer. Within that area is very high initial
Morton
Grant
production (I.P.) rates and high rates of return.”
According to Helms, the high I.P. rates within this
rectangle are also the reason why the Industrial
Commission is reporting a slow and gradual
increase in the rig count. In fact, of the 191 drilling rigs that are currently operating in the state,
140 are concentrated within that rectangle.
The impact of the Bakken is evident throughout
western North Dakota, particularly so in Watford
City. A once quiet community on
the edge of the scenic North
Dakota Badlands used to welcome
visitors to a bit of the Old West.
Now it is renowned for something
else: the epicenter of the Oil
Boom.
Extent of the Bakken
The latest numbers for North
Dakota show that McKenzie
County now has a solid hold as
the state’s top oil producing county. Watford
City, the county seat of McKenzie County, is
currently home to more drilling rigs than any
other county. McKenzie County produced
As of June 2014,
296,083 bopd this April to become the largest oil
McKenzie County is producing producing county in the state. Mountrail County,
32.5% of all oil coming out of the next-closest ranked county in North Dakota,
produced 235,455 bopd in the month of April.
North Dakota.
According to the Department of Mineral
Resources, Mountrail County had long held the
position of ground zero for oil development and
a front runner in oil production.
However, since April of 2013 the drilling has
substantially shifted west into the interior of the
Bakken Formation due to the quality and natural conditions with McKenzie county at
the epicenter.
Projected Population Growth*
TABLE
TOTAL POPULATION, 2000 TO 2025
Projections
Area
2000
2010
Change:
2000 to
2010
2015
2020
2025
Change:
2010 to
2025
Region 1
27,781
30,829
11.0%
50,529
66,938
73,164
137.3%
Divide
2,283
2,071
-9.3%
3,273
4,313
4,948
138.9%
McKenzie
5,787
6,360
10.9%
11,771
15,550
17,110
169.0%
Williams
19,761
22,398
13.3%
35,485
47,075
51,106
128.2%
Williston
12,512
14,716
17.6%
23,481
30,756
32,860
123.3%
Economic envy
of the nation.
Move over Hawaii!
North Dakota is now the happiest state in
the union. According to Gallup’s annual
well being poll released February 20, 2014,
North Dakota ranks #1.
*According to the North Dakota Housing Finance Agency
in the 2012 Statewide Housing Needs Assessment
Projected Housing Needs*
TABLE
TOTAL OCCUPIED HOUSING UNITS, 2000 TO 2025
Projections
Area
2000
2010
Change:
2000 to
2010
2015
2020
2025
Change:
2010 to
2025
Region 1
11,251
12,672
12.6%
21,967
30,003
33,844
167.1%
Divide
1,005
1,012
0.7%
1,526
2,058
2,407
137.8%
Projected Increase In Income Change*
TABLE - NUMBER OF HOUSEHOLDS BY INCOME LEVELS AS A PERCENT OF THE MEDIAN FAMILY INCOME (MFI), 2010-2025
Extremely low: 0-30% MFI
(Less than $20,000 in 2010)
Area
McKenzie
2,151
2,468
14.7%
4,834
6,585
7,345
197.6%
Williams
8,095
9,192
13.6%
15,607
21,360
24,092
162.1%
Williston
5,297
6,000
Increase in Population Breakdown by Age:
• 25 - 44 year olds - 295%
• 45 - 64 year olds - 184%
• Ages 65 and older - 141%
• Ages 25 and younger - 85%
13.3%
10,406
14,044
15,536
158.9%
*According to the North Dakota Housing Finance Agency
in the 2012 Statewide Housing Needs Assessment
Very Low: 31-50% MFI
($20,000 to $29,999 in 2010)
Low Income: 51-80% MFI
($30,000 to $49,999 in 2010)
Moderate 81-115% MFI ($50,000
to $74,999 in 2010)
Upper Above 115% MFI
($75,000 or more in 2010)
2010
2025
%
Change
2010
2025
%
Change
2010
2025
%
Change
2010
2025
%
Change
2010
2025
%
Change
Region 1
2,082
5 ,173
148.5%
1,275
3,327
160.9%
2,627
6,942
164.3%
2,638
7,308
177.0%
4,050
11,093
173.9%
Divide
216
529
144.9%
112
276
146.4%
212
507
139.2%
179
408
127.9%
293
687
134.5%
McKenzie
444
1,176
164.9%
278
802
188.5%
557
1,659
197.8%
552
1,747
216.5%
637
1,961
207.8%
Williams
1,422
3,468
143.9%
885
2,249
154.1%
1,858
4,776
157.1%
1,907
5,153
170.2%
3,120
8,445
170.7%
Williston
977
2,323
137.8%
560
1,401
150.2%
1,292
3,287
154.4%
1,193
3,255
172.8%
1,978
5,271
166.5%
*According to the North Dakota Housing Finance Agency in the 2012 Statewide Housing Needs Assessment
North Dakota’s leaders like to refer to their state
as the economic envy of the nation, and the
numbers seem to back them up. According to
the most recent personal income report from
the Federal Bureau of Economic Analysis, the
oil-rich plains state is once again leading the
nation in personal income growth. This marks
the sixth time in the past seven years North
Dakota has had the fastest personal income
growth in the nation. The state now ranks third
in the nation in per capita personal income.
McKenzie County’s
population will experience
the most growth in the
state tripling in size over
the next 15 years.
Recently, four analysts have re-evaluated the
future of the Bakken and Three Forks shale play.
Experts say in the McKenzie, Divide and Williams
county area, the industry will continue to grow
through 2039. Indications show a bright future.
• 14,000 more jobs through 2039
• 14,000 more permanent housing units
• 30,000 more people to come to the area
According to Lynn Helms, the Department of
Mineral Resources director, the Bakken and Three
Forks play are now estimated to hold 10 to 14
billion barrels of recoverable oil. Continental
Resources, one of the largest lease holders in the
state, believes the total is closer to 32 to 36 billion
barrels. With the evolution of fracking technology
and drilling production going deeper into the
Three Forks shale, it is expected that results will
show an increase of 57% more oil production.
North
Dakota has been
riding a wave of aggressive
energy development starting
in 2006 when oil discovered
in the Parshall Oil Field set
off what is widely called the
Bakken Oil Boom.
w
g
w
o
H
n
o
l
Projected Employment Figures*
Employment Figures and Projects for Oil-Impacted Counties
in North Dakota, 2000 to 2036*
140,000
100,000
80,000
Permanent
Employment
60,000
40,000
Temporary
Employment
20,000
2036
2033
2030
2027
2024
2021
2018
2015
2012
2009
2006
2003
2000
0
*North Dakota State University Department of Agribusiness and Applied Economics
The Bakken and emerging Three Forks formations in
North Dakota and eastern Montana stand out from
other shale areas for a host of reasons. For starters,
the formations have a large amount of relatively
more profitable oil reserves, as opposed to gas
reserves. The Bakken region also had a moderately small pre-boom population work force and
little oil /gas infrastructure. As oil drilling and
production has increased, it’s generated a high
fraction of well-paid employment in oil and gas
related activities compared with other shale
areas, thus helping to drive unemployment
rates down and average wages up.
In 2011, projections estimated 30,000 to
35,000 wells. The latest projections indicate
total wells in the region to be as high as
40,000 to 50,000 wells. The pattern here is
the well count numbers are going up, not
down. Though the size and shape of the
energy play will likely change with time,
the western part of the state will be likely
feeling the effects of the energy play for
the next 25+ years!
Total
Employment
120,000
t
i
ill
?
t
s
a
l
Invest in the
Bakken.
It’s what’s beyond
the
horizon
that may surprise you...
In 2014, an average of
24,012 jobs
were supported by oil and gas extraction
and direct support activities in North Dakota.
=
McKenzie
c ou nt y
Interested in starting a business in McKenzie County?
McKenzie County has many resources to help you find financing, a building,
available labor or transportation. The County Job Development Authority was
established to promote primary sector business development. The JDA works
with the Watford City Economic Development Corporation to identify and
assist new and expanding business. The JDA also works closely with the Small
Business Development Center, which is open to help new and existing business owners with all facets of owning and operating businesses. That includes
business plans, cash flows, loan preparations, research and many other small
business items.
If you’re a housing developer, please see information at:
http://ccondev.mckenziecounty.net where you can find rules and regulations about
developing housing in McKenzie County and how to get an application for the JDA.
Gene Veeder Office: 701-444-2804
[email protected]
McKenzie County Economic Development
20 20 2020 2020
McKenzie County Oil Industry Jobs
Each drilling rig results in about 120 direct and indirect jobs.
200
180
140
100
60
20
2006
2007 2008
193 rigs
2009
2010
2011
2012
2013
on average operated in North Dakota in 2013. The drilling rig
count is a prime barometer for measuring new oil and gas
activity. The all-time high was 218 rigs on May 29, 2012.
Statistics provided by American Petroleum Institute, Job Services ND, ND Department of Mineral
Resources, ND Pipeline Authority, ND State Land Department, Office of State Tax Commissioner, US
Forest Service, Energy Information Service, Energy Information Administration, Information compiled
by North Dakota Petroleum Council. northdakotaoilcan.com
Prod Jobs
Gathering Jobs
Fracking Jobs
Drilling Jobs
CONCESSION
(850'/LAP)
CONCOURSE/WALKING
TRACK
ROOF
AREA
CONCOURSE
PRACTICE RINK
1000 SEATS
MAIN RINK
20
2,700 TOTAL
BASKETBALL SEATING
FIELDHOUSE
32nd Street
345
acres
COMPETITION/
LEISURE POOL
Watford City
for
sale
UP
UP
POOL VIEWING
425 SEATS
HOCKEY LOBBY
DN
VEST.
OPEN TO
BELOW
DN
OPEN TO
BELOW
SUITE LEVEL ABOVE
SEATING
CONCOURSE
CANOPY ABOVE
Location of new $50 million high
school and $56 million community
event center.
SEATING
ADMINISTRATION
RECEPTION
CONCESSIONS
JANITOR
CLOSET
TICKETS
CANOPY ABOVE
MENS
WORK RM
Watford City High School
WOMENS
CONF
SUITES
CONF
McKenzie County
CONVENTION
BANQUET SEATING: 400
ASSEMBLY SEATING: 1200
STORAGE
Watford City is re-investing in itself.
SUITE LEVEL
WORK STATIONS
OFFICES
N
0'
20'
40'

1806

Over Ninety percent of voters overwhelmingly said
yes to a bond measure, which means the McKenzie
County School District can proceed with financing
a $50 million high school to house grades 7-12. The
new high school that broke ground on July 24, 2014
and is scheduled to be complete in 2015, and will
have a capacity of 800 students. School enrollment
in Watford City has doubled since 2010.
30th Ave NE
 
18
19
McKenzie County Healthcare System
(MCHS) began construction June 2014
on a new $55 million medical facility.
Main St N
17
24
24
14
12
2
15
P
85
125th Ave NW
16
23
7
6
O
ST
5
85
23
23
8
5
commercial
P
O
ST
STOP
1806
Golf
Course
3
ST
O
P
11
10
9
23
85
14th St SW
4
11th Ave SW
acres
FOR SALE
22
11th Ave SE
STOP
12th St SE
23
ST
O
P
STOP
ST
O
P
P
O
128th Ave NW
ST
Medical Facility
Find us at
329 North Main Street
Watford City, ND
58854
STOP
COMMERCIAL
LIGHT INDUSTRIAL
P
RESIDENTIAL
MIXED
O
Watford City Developments
21
ST
24th Ave SW
85
13
1
STOP
STOP
STOP
Stenehjem Commons
Fox Hills Estates
Fox Hills Village
Rolling Hills
Coltown West
Coltown East
Triton Main Street
8 The Crossings
9 Hunters Run
10 Watford City Town Center
11 South Park Commercial
12 Watford Square
13 Countryside Estates
14 Emerald Ridge
15 The Highlands
16 Madison Heights
17 Pheasant Ridge
18 Dakota Ridge
19 Bison Run
20Watford Landing
21 GTI Industrial Park
22 Buffalo Hills
25
STOP
23 Tara Estates
24 The Homestead
25 Johnson’s Landing
STOP
1
2
3
4
5
6
7
NEW BYPASS
85
NEW
BYPASS
WATFORD CITY REALTY © 2014
Location of new
$4.7 million Child
Day Care facility.
It’s the largest in
North Dakota.
WATFORD CITY ETA
The Watford City Municipal Airport is
reportedly receiving five times more air
traffic than what it was three years ago. This
year, the airport board began two major
projects. They also began the construction
to expand the parking apron and build a
new airport terminal for roughly $3.5 million.
A long term plan has been established to
update and expand the airport to accommodate more traffic and larger planes.
More oil than Saudi Arabia
The economy is in overdrive, thanks
associated/dissolved natural gas
to the oil boom that has transformed
and 0.53 billion barrels of natural
the state over a few short years
gas liquids in the Bakken and Three
creating an unprecedented growth
Forks Formations in the Williston
in the region. The increase in drill-
Basin Province of Montana, North
ing activity in the Bakken has led to
Dakota and South Dakota. New oil
robust growth in oil and natural gas
technologies and techniques have
production.
contributed to the area’s explosive
growth. Horizontal drilling is utilized
North Dakota’s oil production in-
to traverse through different pock-
creased about 10-fold since 2001,
ets of oil and gas reserves so as to
and the state is now the second larg-
increase the rate of success when
est oil producer in the United States
drilling development wells. Fracking
after Texas. Using a geology-based
technology is also being utilized to
assessment methodology, the U.S.
increase production over a shorter
Geological Survey estimated mean
period of time, thereby significantly
undiscovered volumes of 7.4 billion
reducing the wells’ operating costs.
barrels of oil, 6.7 trillion cubic feet of
Advanced fracking technology developed in North Dakota.
The Tesoro refinery in Mandan, North Dakota has a daily capacity of 68,000
barrels. A diesel refinery is being constructed near South Heart, North Dakota
that will process 20,000 barrels of Bakken crude
oil per day. When completed in late 2014,
it will be the first refinery built since 1977.
Statistics provided by American Petroleum Institute, Job Services ND, ND Department of Mineral Resources, ND Pipeline Authority, ND State Land Department, Office of State Tax Commissioner, US Forest Service,
Energy Information Administration, Information compiled by North Dakota Petroleum Council. northdakotaoilcan.com
2013, North Dakota produced
346
BILLION CUBIC FEET
ONEOK to invest over $7 billion in new gas production through 2016.
ONEOK Partners (#219 Fortune 500 list) plans
to build its sixth natural gas processing plant.
The Lonesome Creek plant, to be built in McKenzie County, will be capable of processing 200
million cubic feet of natural gas per day. The
plant and related gas gathering infrastructure
will cost between $550 million and $680 million
to build. The plant is expected to be completed
by the end of 2015. It will be ONEOK Partners’
largest plant with a capacity double that of any
of its largest existing plants and will increase the
company’s total natural gas processing capacity
in the basin to about 800 million cubic feet per
day. Other plants in McKenzie County that are in
development include the Garden Creek III plant,
a 100 MMcf/d natural gas processing plant due to
be completed first quarter 2015. Also in development is the Demicks Lake plant. ONEOK Partners
LP plans to invest up to $785 million to build this
200-million cubic-feet-per-day natural gas-processing plant. ONEOK expects to complete this
plant by the end of the third quarter in 2016.
Natural Gas is a
byproduct of oil;
production of
natural gas in the
state is expected
to increase
over the next
15 to 20 years
paralleling the oil
production.
of natural gas and sold 232 billion cubic feet of natural gas.
April 2014,
North Dakota produced
1,001,149 barrels of oil and
1,133,742 cubic feet
of natural gas per day.
22
GAS PLANTS
operate in North Dakota with enough
capacity to process 1.3 billion cubic feet
per day of natural gas.
Statistics provided by American Petroleum Institute, Job Services ND, ND Department of Mineral Resources, ND Pipeline Authority, ND State Land Department, Office of State Tax
Commissioner, US Forest Service, Energy Information Administration, Information compiled by North Dakota Petroleum Council. northdakotaoilcan.com
A new recruiting campaign called “Find the Good Life in North Dakota,” just rolled out this summer
in 2014. The North Dakota Economic Development Foundation’s aim is to fill more than 25,000+ jobs
-- ranging from truck drivers and oilfield workers to receptionists and food servers. North Dakota has
been struggling to attract enough qualified people to work extracting oil from the state’s reserves.
The ad campaign, which targets states with high and persistent unemployment, “emphasized
the career opportunities available in North Dakota and promoted the things that make
the state a great place to live, work and raise a family.”
Third year in a row
North Dakota
takes the top spot.
North Dakota
invests in media
campaign to
draw permanent
residents.
Propelled by a massive energy boom, North Dakota
once again captured the title of the nation’s hottest
economy and fastest growing state, with a growth rate
five times the national average, according to a recent
report from the Commerce Department. Attracted by
six-figure salaries and an unemployment rate below 3%,
workers from across the country continue to flock to the
Bakken Shale region in the northwest part of the state.
Invest in a high-end employee housing
facility in the heart of the Bakken!
•64 units: 36 duplexes, 18 Single Family
Homes, 10 Plex
•100% occupancy!
•17 Acre Site
701-842-4500 Information
Directory
BUSINESS
McKenzie County Economic
Development & JDA
701-444-2804
201 5th Street NW
Watford City
All mail delivery in Watford City
is via PO Box. Contact Post
Office for a box number
assignment and key. Rural
routes have rural mail carriers.
PRODUCTS/SERVICES
Mohave Engineering Assoc, Inc.
228 N. Main Street
Watford City, ND
701-204-0691
AUTOMOBILE REGISTRATION
Motor Vehicle Branch
701-444-3457 Ext. 281
201 5th St NW
Watford City, ND
The Mail Masters
701-842-6441
204 North Main Street
Watford City
www.themailmasters.com
FACILITIES
Watford City Civic Center
701-444-2533
112 2nd Avenue NE
Nonresidents gainfully
employed in this state and
driving vehicles that are not
registered with the state of
North Dakota are subject to
temporary registration for a
minimum of 6 months.
North Dakota Small Business
Development Center
Williston State College
701-774-4279
Williston, ND
McKenzie County Farmer
701-842-23S1
PO Box 587
Watford City, NO 58854
www.watfordcitynd.com
EMPLOYMENT
Job Service, ND
800-247-0989
www.jobsnd.com
Plains Reporter
701-572-2165
P.O. Box 1447
Williston, ND 58802
WORKFORCE TRAINING
Train ND
866-938-6963
www.trainnd.com
Petroleum Safety & Tech
Center
701-572-2834
www.wsc.nodak.edu/workforce
RESOURCES
Watford City Post Office
701-842-2213
212 2nd Street NE
Watford City
The Roundup
800-749-3306
P.O. Box 1207
Sidney, MT 59270
[email protected]
The Shopper
701-572-4851
www.theshopperinc.net
TITLE/INSURANCE
ND Guaranty & Title Co.
701-842-3366
229 N. Main Street
Watford City
McKenzie County Multi-Purpose Building & Fairgrounds
701-675-2330
701-675-2016
701-842-2333
McKenzie County Public
Library Veteran’s Memorial
Building
701-444-3785
112 2nd Avenue NE
Veteran’s Memorial Building
701-444-2533
112 2nd Avenue NE
Watford City
EMERGENCY
*for emergencies dial 91 1
Medical/Ambulance
McKenzie County Healthcare
Systems
701-842-3000
516 N Main Street
Watford City
www.mckenziehealth.com
Temporary registration includes
car, pickup, truck, ractor, travel,
commercial trailer, and motorcycle. You may register at the
Watford City Motor Vehicle
Branch or online at: https://secure.apps.state.nd.us/dot/mv/
mvrenewal/tempRegWelcome
TRANSPORTATION
BUS SERVICE
Northwest Dakota Public
Transit
888-681-2976
Public and handicapped
door to door service
701-577-6753
701-842-3760
18 Main Street
Williston, ND
Serving McKenzie, Williams
and Divide Counties
RAIL
Amtrack
800-872-7245
www.amtrak.com
Nearest service location from
Watford City is Williston (5O
miles NW). Operates daily
between Portland, Seattle and
Chicago.
AIR
Sloulin Field International
Airport
701-774-8594
(5O miles NW of Watford city)
Hwy 2 and Hwy 85 N
Williston, ND 58801
Williston provides Delta/United
non-stop jet service to Denver,
Minneapolis & Houston.
Sidney-Richland Airport
(55 miles SW of Watford City)
406-433-2415
540 Airport Road
Sidney, MT 59270
www.richland.org/airport
Sidney provides Cape-Air
non-stop flights to Billings.
Dickinson Theodore Roosevelt
Regional Airport
(88 miles SE of Watford City)
701-483-1062
11120 42nd Street SW
Dickinson, ND 58601
www.dickinsonairport.com
Dickinson provides Delta/
WATFORDCITYREALESTATE.COM
United non-stop jet service to
Denver, Minneapolis. Great
Lakes Airways to Denver.
Watford City Municipal Airport
701-770-7171
701-570-2646
Minot International Airport
(120 miles NE of Watford City)
25 Airport Road
Minot, ND 58703
RECREATION
Watford City Municipal Golf
Course
2 miles E on Hwy 23
701-842-2077
UTILITIES
Montana Dakota Utilities
(MDU) (In Watford City)
800-638-3278
www.montana-dakota.com
McKenzie Electric CO-OP
(REC) (Outside Watford City)
701-444-9288
www.mckenzieelectric.com
City of Watford City
701-444-2533
213 2nd Street NE
Watford City, ND
McKenzie County Landfill
701-583-3445
Hwy 85
Reservation Telephone CO-OP
(RTC) (Watford City)
701-862-3115
888-862-3115
www.reservationtelephone.com
DirectTV
800-280-4388
www.directtv.com
Dish Network
800-668-6071
www.accessdishtvsource.com
HOSPITALS & CLINICS
McKenzie County Memorial
Hospital
701-842-3000
516 N Main Street
Watford City
www.mckenziehealth.com
McKenzie County Clinic
701-842-3771
525 N Main Street
Watford City
Anova Clinic
701-842-6400
301 12th Street SE
Watford City
Maisey Dental Clinic
701-842-4474
109 5th Street SW
Watford City
Joy Dental Design
701-842-6197
Nordby Vision Center
701-444-3221
109 5th Street
Watford City
Trauger Chiropractic Center
701-842-2917
105 2nd Avenue NE
Watford City
Badlands Occupational Testing
Services
701-842-2326
105 Main Street S
Watford City
Barrett Pharmacy
701-842-3311
145 N Main Street
Watford City
Larsen Service Drug, Inc.
701-444-2410
244 N Main Street
Watford City
www.larsenservicedrug.com
REAL ESTATE
Watford City Real Estate
701-842-4500
329 N Main Street
Watford City
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Oil production surpasses 1 million barrel mark.
The North Dakota Petroleum Council reported the state’s oil production surpassed 1 million
barrels per day in April of 2014. This put North Dakota in an exclusive group of only a few
countries, states, provinces and oilfields to do so. The production report states that North
Dakota produced 1,092,617 barrels of oil per day and 1,253,154 MCF of natural gas per day.
McKenzie County not only led the state in production, it accounted for 32.5% of the state’s
total natural gas production. In June, McKenzie County produced 10,665,261 total barrels of
oil and 15,628,542 total MCF of natural gas. The state also caught up on well completions
by June. A total of 11,287 wells were in production by July 2014, up from 10,023 in November
of last year. McKenzie County alone contains nearly 25% of all working wells in North Dakota.
The Bakken produces more crude oil than any other unconventional play in the world.
Call for details on this outstanding Investment Opportunity
701-842-4500 watfordcityrealestate.com