bakkenboomorbust.com bam boom bubble
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On Search Bakken -
$1 Billion Northstar Center - Murphy Auto Plex Boom Or Bust
To Bakken / ND - Real Estate Boom Or Bust This has been in play since 2013 Inching Closer 2013 In 2014 "He's abandoning Million Dollar Way,
moving North to a billion dollar development." "In my view, this will be Williston's new city
center. There will be approximately 8000 to 10,000 people living
on this site. It's all in the city of
Williston right now. We'll be moving dirt on this site by May
15. 2014" - Patrick Murphy
they did get to moving dirt in the fall of 2014 and into the
winter, and buried alot of pipes. In 2015
The summer of 2015. And there isn't to much
moving at the site, winter is coming. The google capture below
is pretty much the same as it is now. In 2016 Nothing Changed In
2017 Murphy has sold his GM
dealership & nothing has changed at the North Star Location.Dealership Sold
Seemed strange the guy building a billion dollar development and
auto plex sells his dealership! In 2018 - Default
& Bankruptcy - Some $9 Million In Default To Just One
Creditor & The City Of Williston Left With What To Do With
Citation Communities as captured on the Way Back Machine
Click the Northstar Center Link to see photos of
all the money they buried in that ground! citationcommunities.com
there is $50 million or more in liabilities, Northstar Center
will compare to the losses suffered with the ND Development
Million Up In Smoke "I sell cars during the day and
real estate is my night job" Murphy 2014
That statement should have sent up a giant Red Flag
All the years he was in Williston he never built a modern
dealership and or expanded on the GM brand or facilities for
heavy trucks or sales.
This was it, an antiquated dealership, was going to make him a
billion dollar developer.
“ Be Fearful When Others Are
Greedy and Greedy When Others Are Fearful ” - Warren Buffett
Advice that should have been well taken. The way outsiders
were treated by the community, the hand writing was on the
wall in 2014.
Patrick Murphy In The Tan jacket
Murphy made that statement in 2011, so why then would you go
out and pump a billion dollar project?
Murphy himself stated in the interview about the (rip off)
high cost to live in Williston, did he really think anyone
would stay after being gouged. Stress In The Oil
Patch Oil Price as of
October 1st 2014, Murphy and a whole lot of others never looked
at the chart. Due Diligence!
Oil had been stuck in the 50% Fib retracement of highs to lows
of 2008. The news about OPEC meeting in November and the cost of
and the rip off prices of people working in the Bakken, it was
all out there to do Due Diligence. They ran with and got sold
If you look down at the Stochastic for the first time in 6 years
it was below the 20 line, pointing straight down! Oil closed
2014 at $52.00 & closed 2018 at $45.85
The Frackers will never learn, Saudi cuts to increase price, the
Frackers increase to make a buck and they destroy price. Vicious
Cycle of Debt.
Sweet Has Only Traded & Closed
In A Year Time Frame Above $60.00 -
Four Of The Past Nineteen Years
Bakken oil was $90.94 in May 2014
Bakken Oil Is Now Trading At!
To Bakken / ND - Real Estate Boom Or Bust It Just Gets Further & Further Spread Out
In 2015 The New Truck Route Was Finished - $150 Some
Million - Hwy. 1804 To Newtown Is Still A Deathtrap
Man Camps Are Outlawed & Strippers Are Outlawed
you do with it now? It sits in a wind blown valley. Bust off the
man holes and let it go back to pasture.
North Star Center &
The Williston Crossing to the extreme north and the New
Menard's on the west, southwest side.
Is some $2 Billion In commercial really needed in Williston?
Can it be sustained?
In 2019 there are alot of empty buildings in Williston, for
lease, for sale, etc.
North Star has never been built, Williston Crossing has never
been built. Home Depot was never built. Bakken Decline Production & Price Chart For The Last 10
“ Be Fearful When Others Are Greedy and Greedy When Others
Are Fearful ” - Warren Buffett A Great Thank You To Rune Likvern
At fractionalflow.com -
For The Amazing Data He Compiles A Great Thank You To Art Berman At
artberman.com - For The Insight Of His
Data A Great Thank You To Enno Peters At
Visualizing US Shale (Tight Oil) Production Question Is
We're setting sail To the place on the map from which
no one has ever returned Drawn by the promise of the
joker and the fool By
the light of the crosses that burn Oh, save me. Save me from
tomorrow I don't
want to sail with this ship of fools Ship Of Fools To the fullest extent of the
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