Koeser Reaction to USGS Projections - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Koeser Reaction to USGS Projections

Posted: Updated:

New estimates that there is twice as much oil waiting to be recovered in the Williston Basin are cause for a bright economic outlook in Williston.

The assessment placed the estimate at 7.4 billion barrels of recoverable oil, with a high end potential of 11.43 billion barrels.

Williston's Mayor Ward Koeser believes the quality of crude combined with the quantity of crude bodes well for western North Dakota.

He says local officials have long-thought there is more oil than initial projections and have been planning accordingly for Williston's future.

(Ward Koeser, Mayor, Williston) "This just really says, instead of being busy for 5 or 10 years, you're probably going to be busy for 20 or 25 years. So it adds stability. I think it's very positive for the United States in the sense that, this show that the U.S. can be energy independent, that's one of our goals here. Obviously, its good for the region, it's good for the state with the money they are making off of it and it's good for the country."

Koeser expects the projections to bring in new investors and add a level of comfort for current investors to invest even more money in the Williston Basin.

  • Minot/Williston NewsMore>>

  • Moldy Homes Reopening?

    Moldy Homes Reopening?

    Wednesday, April 16 2014 7:55 PM EDT2014-04-16 23:55:38 GMT
    Nearly three years after the flood of the Mouse River, some Minot homes are just now being cleaned up and rebuilt. But some homeowners say the flooded homes that had been untouched until now - what some
    Nearly three years after the flood of the Mouse River, some Minot homes are just now being cleaned up and rebuilt. But some homeowners say the flooded homes that had been untouched until now - what some
  • Man With Gun Arrested at Courthouse

    Man With Gun Arrested at Courthouse

    Wednesday, April 16 2014 7:53 PM EDT2014-04-16 23:53:57 GMT
    A man carrying a loaded gun was arrested outside the Williams County Courthouse Tuesday. Authorities say Ronald Gibbons was carrying a concealed, loaded pistol and meth paraphernalia when he was arrested. Gibbons
    A man carrying a loaded gun was arrested outside the Williams County Courthouse Tuesday. Authorities say Ronald Gibbons was carrying a concealed, loaded pistol and meth paraphernalia when he was arrested. Gibbons
  • Border Patrol Makes Arrests in Minot

    Border Patrol Makes Arrests in Minot

    Wednesday, April 16 2014 7:53 PM EDT2014-04-16 23:53:11 GMT
    Six people were arrested in Minot last week by the U.S. Border Patrol. Kris Grogan of the Border Patrol Public Affairs Office said the arrests were made as a result of "encounters near several local establishments,"
    Six people were arrested in Minot last week by the U.S. Border Patrol. Kris Grogan of the Border Patrol Public Affairs Office said the arrests were made as a result of "encounters near several local establishments,"
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.