Over 900 students participated in the T-4 Event last week held at the Rough Rider Center. The purpose of the event is to introduce students to a variety of hands-on jobs to help them in their career exploration phase. Learn more in this news story from KX News.
Parmalee–a chart topping county band will be the headliner for the 2021 Best of the West Ribfest. Other entertainment includes the Party After Dark featuring Snake Oil and the evening’s opening act will be Matt Aakre and The Dirty Little Secret.
The Best of the West Ribfest will be held on Main Street Watford City on Friday, August 13.
The April Economy at a Glance is now available. Some data of note include:
  • McKenzie County unemployment rates remain similar–8.1% in January 2021 and 8.0% in February 2021.
  • Taxable sales and purchases decreased from $90.8 million in 2019Q4 to $55.8 million in 2020Q4 for McKenzie County.
  • McKenzie County had 12 building permits issued in March 2021, totaling over $5 million in value.
Alexander has a brand new building in its downtown. First International Bank & Trust built a new building featuring expanded office space, drive up window service and an Interactive Teller Machine.
The bank will be holding a grand opening on May 12, which includes an open house from 10am-4pm and a ribbon cutting at 5pm.
The Mandan Hidatsa and Arikara Nation now has a new first responder facility in the Mandaree area. The space serves both the Fire Department and the Emergency Medical Services. See this KFYR news story for more information.
Meg-A-Latte has announced it will be soon be opening a coffee shop in Watford City. With three locations already in Williston, the specialty coffee shop serves gourmet coffee, teas, smoothies, shakes, bakery, and lunch items.
The Watford City location will be at 109 6th Ave SE– the site of the former Taco Johns.

 

Legendary Smiles has added a third dentist to their staff. Earlier this month Dr. Danielle DeMorrow joined the growing team. She joins Dr. Bulzomi and Dr. Burbach. Legendary Smiles is open 8am-5pm Monday-Thursday and is located at 361 N Main Street Watford City.

The Smiling Moose Rocky Mountain Deli location in Watford City announced the expansion of their product line through the addition of BurgerSear. In addition to the hand-formed, smashed and seared burgers, they offer new sides including mac & cheese, waffle fries and more. Find them at 1005 S Main St, Watford City.
The North Dakota Department of Health may be able to provide assistance to businesses interested in getting workplace COVID-19 vaccination set up. To indicate interest complete this survey.
According to this Reuters article, Continental Resources plans to increase its 2021 capital expenditures from between $1.2-1.3 billion to $1.4 billion.
According to this Natural Gas Intelligence article Hess Corp has a goal to increase the number of rigs in the Bakken to four by the end of this year. That would allow Hess’s Bakken production to be held even at 200,000 barrels/day for the next decade.
Oasis, according to this Shale Experts article, plans to complete 29-33 Bakken wells this year and increase its capital expenditures by 13%.
According to this Williston Herald article, ConocoPhillips is looking to keep its capital expenditures for 2021 at $5.5 billion as well as resume its share repurchase program thanks to an uptick in oil prices.
According to this Natural Gas Intelligence article Crestwood’s CEO Bob Phillips says “The Bakken play remains extremely economic and as we look into 2021, in a $55-60/bbl crude price environment, we anticipate a lot more activity in 2021.”
Whiting, according to this Shale Experts article, has plans for capital expenditures of $228-$252 million which represents a 7% decrease from 2020 expenditures.
Enerplus believes it has approximately a decade of drilling left in the Bakken and sees its breakeven at WTI $38/barrel, according to this Seeking Alpha article.
According to this Results-Earnings call transcript of 2020Q4, Marathon Oil Corp expects 90% of its capital to be focused on the Bakken and Eagle Ford regions which is considered to be the most “capital-efficient” basins. They expect at least 10 more years of drilling for the Bakken region given the capital-efficient, high-return nature.