1. An Overview of the Oil Impact

4. Exxon spends $1.6 billion on North Dakota field 193 rigs are drilling--7,400 wells Airlines add service in North Dakota Budget Surplus Estimated at $1.6 Billion ND Oil Rises To Record 20.8 Million Barrels in July $1.2 billion fertilizer plant planned for Eastern North Dakota $17m Housing Project underway in Watford City Railroad Beefs up to Handle Crude Oil Shipments Study: $7 Billion for North Dakota Road upkeep over 20 years

5. Education Economic Development Energy Development Manufacturing Value Added Agriculture Technology Quality of Life On Energy…All of the Above Strategy 2001..Empower North Dakota

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9. 9 It's a 25-thousand square mile "sea of oil", that according to the USGS contains as much as 4.5 billion barrels of recoverable crude oil. North Dakota state officials believe that number could be as high as 11 billion barrels.

10. A typical 2010 North Dakota Bakken well will produce for 28 years In those 29 years the average Bakken well: ◦ Produces more than 575,000 barrels of oil ◦ Generates over $20 million net profit ◦ Pays royalties of $6,900,000 to mineral owners ◦ Pays salaries and wages of $1,550,000 Taxes = $4,250,000  $1,930,000 gross production taxes  $2,000,000 extraction tax  $320,000 sales tax Expenses ◦ Pays operating expenses of $1,900,000 ◦ Costs $8,500,000 to drill

12. NORTH DAKOTAAug 2012Jul 2012 M/M Numeric Change M/M Percent Change Aug 2011 Y/Y Numeric Change Y/Y Percent Change Total Employment418,300416,8001,5000.4%392,30026,0006.6% Mining & Logging22,80022,5003001.3%17,1005,70033.3% Construction30,700 00.0%27,9002,80010.0% Manufacturing25,200 00.0%23,6001,6006.8% Wholesale Trade25,700 00.0%22,5003,20014.2% Retail Trade45,00045,600-600-1.3%44,8002000.5% Transportation, Warehousing, & Utilities22,30022,2001000.5%19,1003,20016.8% Information7,600 00.0%7,0006008.6% Financial Activities22,40022,3001000.5%21,1001,3006.2% Professional & Business Services34,20033,8004001.2%31,2003,0009.6% Education & Health Services59,10058,9002000.3%56,8002,3004.1% Leisure & Hospitality36,90037,000-100-0.3%36,0009002.5% Other Services16,50016,0005003.1%15,5001,0006.5% Government69,90069,3006000.9%69,7002000.3%

14. 14 201020152020 Gross State Product $35B$42B$50B Total Employment 375,000442,000470,000 Unemployment Rate 3.8%2.3%3.0-3.5% Personal Income Growth Rate 9.4%5.7%4.0-6.0% Population672,000708,000750,000 Per Capita Income $42,890-$52,000 Average Wage$42,068-$50,000 Note: All $ are current 2010, not inflation adjusted **2015 data – as forecast by Moody’s Analytics

18. Dumpster Business—20 Tons a Day

19.  Heckmann Corporation and Power Fuels to Merge ◦ 47 Employees in 2005 to over 1,000 Today  MAC Heaters—Supplier of Industrial Heaters  Packet Digital…Battery Technology  Oil Patch Tours--$325  Stop Sensor…Trailer Alignment  Busiest McDonalds in America..Williston, ND  Wal-Mart…Pallet Shopping and Camper City  Earn $3,000 a night as a boomtown stripper  Equipment Sales  Construction and Dirt Moving Business

20. An Overview of the Oil Impact