tag:blogger.com,1999:blog-319312139173068397.post6754947668887944976..comments2024-02-26T07:03:07.172-08:00Comments on International Appraiser: Objective valuation advice on international real estate: Latest appraisal in BakkenVernon Martin, MSRE, CFEhttp://www.blogger.com/profile/02054820435980122674noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-319312139173068397.post-11111175788817809892014-12-23T20:30:46.411-08:002014-12-23T20:30:46.411-08:00Continental Resources is the biggest player in the...Continental Resources is the biggest player in the Bakken, controlling 865,000 acres. They announced a 41% reduction in capital expenditures for 2015, but the consequences for the real estate market will be hard to measure for a while. Major layoffs haven't begun yet. In the mean time there is a growing inventory of commercial land for sale.Vernon Martin, MSRE, CFEhttps://www.blogger.com/profile/02054820435980122674noreply@blogger.comtag:blogger.com,1999:blog-319312139173068397.post-91232669873256932512014-12-23T18:55:27.636-08:002014-12-23T18:55:27.636-08:00It sounds like the Bakken Bubble has burst. Maybe...It sounds like the Bakken Bubble has burst. Maybe the headline should be Bakken Bubble Bursting:) I just read that Continental is closing 40% of its rigs. What happens to all of the man camps when 50% of the people are downsized? Then office space and retail/restaurants also start to fall apart. Extreme bubbles do not have soft landings. The crash seems like it may be occurring as we speak.George Mannnoreply@blogger.com