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  • 1. Make The Best Real Estate Profit Riding On The Biggest Oil Boom!!
  • 2. The Path Of Discovery CONNECTION SUMMIT RESEARCH The Black Gold Rush Discovery
  • 3. The Path Of Discovery
  • 4. ABOUT EAGLE BRIDGE EAGLE BRIDGE TEAM FOCUSED ON NORTH DAKOTA CHINESE MARKET MARKETING APPROACH Unique Wholesale Representation
  • 5. Narrowing Down Builder & Developer Screening Attractiveness Readiness Retail Market Reliability
  • 6. The Chosen​ Exclusive • Property Horizon & Buffalo Hills • Danny Hogan & Scott Bocci • The Mini Studios Single Family Homes WINNERS!! 1: Best Project Award 2: Most Reliable Support 3: True Turnkey Operation
  • 7. $54,950 North Dakota Mini Hotel​ Highest Rental Yields In The Nation Largest Retail Market Investment On The Market (1000+ Units) Permit Ready & True Turnkey Complete Investment Package Weakness 1: Projected Income 2: 1st Commercial Project
  • 8. $244,900 North Dakota Mini Hotel​ Highest Rental Yields For Brand New Homes Developer Aggressive Involvement Turnkey Investment Rental Income Delivered Complete Investment Package Weakness 1: Lower Rental Yields 2: Property Management
  • 9. Newspaper Interview The Epoch Time • What about the single family project with Buffalo Hills Subdivision? • The sales of the Single Family Homes did not take off until mid April 2013 when one of our agent visited the Buffalo Hills Subdivision in North Dakota, bringing back the 1st person confidence of what was happening in North Dakota. A weeks later, through word of mouth, 8 houses were purchased. Most of the buyers are bay area engineers, some even from China. • We made National News a month later with the Baffulo Hills Project Pormotion! • And Chinese investors are ready to pour in more than $2 million for a planned housing community called Buffalo Hills in the burgeoning town of Watford City 45 miles south of Williston, according to Donna Zhao, CEO of an investment firm in San Jose, Calif. Even more confidence “This new government report was huge news and gives confidence,” she said by telephone. “Things are catching fire, and we had $800,000 in commitments in one day from Chinese investors wanting to buy in as the news spread by word-of-mouth.” read article
  • 10. The Technology​ Create The Boom Oil and gas production are near record levels as a result of hydraulic fracturing or fracking, a drilling technique that frees trapped hydrocarbons by injecting water, sand and chemicals into shale rock.
  • 11. What Is Happening Now?​ Unemployment level of 1% while the rest of the country is averaging around 8.5%. Ranked No. 1 for job growth $1.4 billion in surplus in the state’s fund 2000 New Millionnaires are created yearly in North Dakota. It is predicted that North Dakota will experience 40% growth in the next 2-3 years. It is projected that this oil drilling boom will last 30 Years.​ Average ​$80.000-$100,000 Annul Salary
  • 12. The Technology​ Create The Boom Energy Independence Forecast by 2030 In 2012, the energy boom supported 2.1 million jobs, added almost $75 billion in federal and state revenues, contributed $283 billion to the gross domestic product and lifted household income by more than $1,200, according to the report released today from IHS CERA. The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast- The International Energy Agency.
  • 13. The Biggest Oil Producer​ By 2020 Boom remakes US energy, economy The International Energy Agency predicts the US will surpass Saudi Arabia to become the world's biggest oil producer by 2020 and that North America will be a net exporter of oil around 2030. The boom in 2012 added nearly 500,000 direct jobs. by research firm HIS IHS estimates that in 2012, the industry generated nearly $75 billion in federal and state tax revenue and contributed $283 billion to the US gross domestic product. These figures are expected to rise by 50 percent by 2020.
  • 14. Hong Long Will It Last?​ 1974 10 billion barrels estimated 2006 Bakken Oil Boom began 2008 U.S. Geological Survey estimated 3 billion to 4.3 billion barrels of oil 2010 Climbed to be the 4th in the nation 2012 The 2nd largest oil producer in the country after Texas APR 2013 U.S. Geological Survey reported last week that more than 7 billion barrels Others Estimate 100 Year Oil Play According to some estimates, the Bakken boom might last for 100 years, and is being driven by new, breakthrough drilling technologies, Leigh Price, a United States Geological Survey geochemist concluded 13 years ago that the Bakken might hold as much as 503 billion barrels of oil
  • 15. Hong Long Will It Last?​ • A week ago: Continental Resources estimates 903 billion barrels of oil under the Bakken’s surface, an increase of 57% in less than three years.• A five-layer reservoir instead of two-layer reservoir Potentially stretch the duration of the already massive Bakken play Officials from the North Dakota Department of Mineral Resources and industry experts are finding the oil-producing cake to be deeper and more layered all the time. "We expect our reserves and production to triple over the next five years." The U.S. is on path to overtake Saudi Arabia as the largest oil producer in 2017 No one is more responsible for that resurgence than Mr. Hamm, the president of Continental Resources. He was the original discoverer of the gigantic and prolific Bakken oil fields of Montana and North Dakota that have already helped move the U.S. into third place among world oil producers.
  • 16. Hong Long Will It Last?​ • .Oil production in North Dakota has increased more than 600% The success rate of drilling is at 99% compared to previous 30% There are 50,000 Wells In The Bakken and Each Well is expected to produce for about 30 Years! Oil Production Will Last More Than 30 Years At Least!
  • 17. Oil Production​ There are about 40,856 petroleum industry jobs in North Dakota There are an estimated 18,000 indirect jobs supporting the petroleum industry An economic impact study in 2005 estimated that the oil boom had a $4.4 billion impact on North Dakota’s economy, but that has increased now by almost 600% to $34.4 billion
  • 18. Hong Long Will It Last?​ • .North Dakota’s Oil Production will double in 2017 1.6million Barrels Goldman Sachs is bullish on Bakken North Dakota’s Bakken shale formation will Surprise investors & Wall Street There are 50,000 Wells In The Bakken and Each Well is expected to produce for about 30 Years! Oil Production Will Last More Than 30 Years At Least!
  • 19. What Is Happening Now?​
  • 20. What Is Happening Now?​
  • 21. Job Creation According to job projection numbers, every drilling rig creates 120 jobs. And of those jobs, 25 percent are for truckers hauling water, while 36.6 percent of the jobs are trucking related.
  • 22. Housing Crisis 1 • Ranks No. 1 in the nation for housing shortages and rent inflation. 2 • The most expensive housing in the USA, higher than Manhattan. 3 • U.S. Senator Heidi Heitkamp today kicked off a series of discussions around North Dakota focused on finding solutions to the state’s housing crisis.
  • 23. Desperately seeking workers A Scarcity Of Housing Employee Hard To Come By Demand for workers
  • 24. Rental Increase ​ One/two bedroom apartments Price Increase
  • 25. Housing Chrisis Prairie Business Report • “Those existing on the market are gone within an hour or two,” he says. “Three-to-five years ago you would put a house up for sale and it would take two years to sell.”- Curt Moen, building planner for Watford City, says right now there are No Homes Available.
  • 26. North Dakota Real Estate Boom​
  • 27. The Housing Appreciation • Market appreciation is increasing 1.5 percent to 2 percent monthly. The average home five years ago was between $90,000 and $95,000. Today, the average sales price that is reported is $161,000, Cymbaluk says. “Housing prices have gone up at such a fast pace that it is difficult in the real estate market for appraisers and lenders,” he says. PB
  • 28. Why Watford City? –The Next Williston Watford City is the County Seat of McKenzie County and the largest city. The Next Williston Major players in the Bakken Important Oil Rigs Under •Strategic Location •Great DevelopmentsWatford
  • 29. Watford City –The Next Williston Rapid growth in Watford City due to the continued development of the Bakken Shale reserves. 2,000 wells a year will be drilled in northwestern North Dakota for the next 18 to 20 years. And McKenzie County will be a major hub of that drilling activity. There are 195 drilling rigs within 60 miles of Watford City. •Strategic Location •Great DevelopmentsWatford
  • 30. Watford City –The Next Williston The recent discovery that wells drilled in northeastern McKenzie County have an initial production that is five times the amount of an average Bakken well has caught the attention of the oil and gas industry as well as the state of North Dakota. Northeastern McKenzie County happens to be the deepest part of the Williston Basin. It is the hottest and its layers are the thickest The recent discovery that wells drilled in northeastern McKenzie County have an initial production that is five times the amount of an average Bakken well has caught the attention of the oil and gas industry as well as the state of North Dakota. •Strategic Location •Great Developments McKenzie County
  • 31. Why Watford City The Mini Studios • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 32. Where Does The Rent $$ Come From? • To drill a new oil well in the Bakken costs about $10 million, and each well will generate about $20 million in net profit Each well pays about $4.4 million in taxes, $7.6 million in royalties, $1.6 million in salaries and wages. Most Of the leases come from oil companies rather than individuals
  • 33. The Mini Studio Project In Summary NDD is building a name- brand operation 1000+ Units In Various Locations Fashion after Target Logistic Sold for $625 million According to the survey, revenue per available room (RevPAR) is forecast to increase by 6-7% in the majority of the major US lodging markets, mainly due to limited supply growth. This will in turn lead to rising profits, with net operating income forecast to increase by more than 10% between now and the end of 2015. 450 Sold 150 Phase III
  • 34. Projects The Mini Studios • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 35. The Numbers The Mini Studios • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 36. The Numbers The Mini Studios • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 37. Full Service Hotel Management • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 38. Award Winning Developer • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 39. Full Service Hotel Management • Most Recent Update • 12 modular housing units consisting of 72 studios has arrived on site • 36-48 Studios are expected next week • Operational 9/9/2013 • Selling Phase III • 150 Units Available In Watford City Location • 150 Days For Delivery For Winter
  • 40. The Project Update The Mini Studios FEATURE: Developing the Bakken At 1,000 beds, the property represents a $70 million investment, which will be funded by overseas investors. - See more at: http://www.prairiebizmag.com/ev ent/article/id/15817/group/Busin ess/#sthash.B9Drwm7N.dpuf
  • 41. The Single Family Project In Summary Baffalo Hills Subdivision is the #1 Best Selling Community In Watford City 25+ Available For Purchase Selling Phase II One of the few Affordable Housing community In ND Hugely Popular 85+ Sold 25 Phase II
  • 42. The Best Selling Project In McKenzie County "Buffalo Hills has sold more houses in 2013 than all other single family housing subdivisions combined".
  • 43. To Be Continued More Coming Soon