{"id":683,"date":"2014-01-23T07:52:47","date_gmt":"2014-01-23T13:52:47","guid":{"rendered":"http:\/\/thecrudelife.com\/?post_type=podcast&p=69"},"modified":"2014-01-23T07:52:47","modified_gmt":"2014-01-23T13:52:47","slug":"building-bakken-episode-2-segment-2-2","status":"publish","type":"podcast","link":"http:\/\/thecrudelife.com\/new-site\/podcast\/building-bakken-episode-2-segment-2-2\/","title":{"rendered":"Building the Bakken Radio Episode 2: How Long Will The Bakken Play Last?"},"content":{"rendered":"

Interviews<\/strong>:\u00a0 Richard Gardner, PHD Center for Rural Entrepreneurship<\/a>, Patrick Hart, President Meyer Real Estate Group<\/a>, Ken DeCubellis, CEO, Black Ridge Oil & Gas<\/a>, Nancy Hodur, Research Professor NDSU<\/a>, Shawn Kessel, Dickinson City Administrator<\/a>, Peter Elzi, Principal Partner THK Associates<\/a><\/p>\n

Building the Bakken Radio Episode 2 Segment 2: \u00a0 Part 2 – How long will the Bakken “boom” last?<\/strong><\/p>\n

\"Nancy<\/a>

Nancy Hodur, NDSU, interviewed by Jason Spiess at the Bakken Investors Summit. Photo by Kevin Tobosa.<\/p><\/div>\n

Nancy Hodur, assistant research professor, North Dakota State University, said to take stock in the information provided about the Bakken. She said all their models show despite tremendous growth in the past two years, there is still unbelievable potential in the future. Hodur said currently there are roughly 8,000 wells in the state and the consensus scenario is a projected 40,000 wells. She said this boom is the \u201creal deal,\u201d and it wasn\u2019t going to \u201cpoof go away.\u201d She added the oil activity “will change the face of western North Dakota.”<\/p>\n

Dickinson city administrator Shawn Kessel addressed the city\u2019s potential growth.\u00a0 Kessel said projections for the city’s population in the next 5 to 10 years are between 42,000 and 47,000, up from nearly 20,000 today.\u00a0 He said he was confident Dickinson would reach the 42,000 mark. Peter Elzi, THK Associates, pointed to a number of factors that could effect the length of the Bakken play.\u00a0 For example, Elzi said just the number of known wells going up in North Dakota should result in at least 20-30 years of activity.\u00a0 However, Elzi did cite factors that could effect that time frame like “the EPA or the folks in Washington doing anything stupid.”\u00a0 Elzi believes the continued production of the wells and services will continue into the next generation.<\/p>\n

 <\/p>\n

\n
\n

\"super8_spearfish_leaderboard\"<\/a><\/p>\n

http:\/\/thecrudelife.com\/wp-content\/uploads\/2014\/01\/seg2_FN_07272013.mp3<\/a><\/audio><\/div>

Podcast: Play in new window<\/a> | Download<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Interviews:\u00a0 Richard Gardner, PHD Center for Rural Entrepreneurship, Patrick Hart, President Meyer Real Estate Group, Ken DeCubellis, CEO, Black Ridge<\/p>\n

> Read more<\/a><\/div>\n","protected":false},"author":1,"featured_media":500,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"12 Minutes","filesize":"10 MB","date_recorded":"","explicit":"","block":"","filesize_raw":""},"tags":[],"series":[426],"class_list":["post-683","podcast","type-podcast","status-publish","has-post-thumbnail","hentry","series-building-the-bakken"],"episode_featured_image":false,"episode_player_image":"http:\/\/thecrudelife.com\/new-site\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"http:\/\/thecrudelife.com\/new-site\/feed\/podcast\/building-the-bakken","embedCode":"
Building the Bakken Radio Episode 2: How Long Will The Bakken Play Last?<\/a><\/blockquote>