stopped after ten thousand wells we still need to extract the millions of barrels lying beneath the bakken. this situation brings happiness to the ones for him for serious companies but it is devastating to the oil workers who are no longer needed they are thrown out into the streets without pity they must decide whether to go back home or stay liston looking for new jobs. in february twenty fifteen want one of my coworkers i work with he calmly and he said manages late everybody oh. he's in and told everybody to go to a room get all a stove and get out and this will two o'clock in the morning at night in february in the winter. a man can say emptied out enclosed from one day to the next. these dilapidated barracks will probably pollute the landscape for eight years to come. construction sites for abandoned by the dozen and left to rest and. housing construction began at the peak of the realest boom is now. nearly complete . occupied in part by survivors of the neighborhood seems sadly empty. here and with the downturn in the economy. boil prices. i can still raise more money than i care b

bakkene scope stack, bac and now we have the minerals package.ther with frost to bring value to our shareholders. alix: what is the timing for that? >> over the next three years we expect to invest a total of $600 million. as we go along, if the timing is right, we could do it earlier or we could not do it at all. at this point our vision is that we will put together a package that will look pretty attractive . it could be a special ipo, when you have the operator controlling development of the minerals, could be a very attractive deal. alix: if the prices go all over the map for the volatility? if volatility swings off a cliff, how does that filter through considering your the operator? >> minerals sit and wait. they are not going anywhere. we can always create value from them. if we are in a lower cycle, we could pull back on the throttle and in a better cycle, we could push down on the throttle a little bit. alix: that was my interview with jack stark. continental resources stock is up 31% this year. here is what is on my commodity radar. sund

people per 100,000 die from lung cancer and 2013, compare that to 108,000 which was the death rate bakkenfore many of these policies were implanted. >> it is a beautiful day outside so far, we are checking bakken with rosemary to see other weekend is shaping up. >> we have minor adjustments from yesterday, a bit of cloud cover at the coastline, we will be cooler there, partly sunny, partly cloudy for today. inside the bay and inner inland communities, temperatures are very similar as your friday afternoon, hopefully you're enjoying this weather because it is going to stick around. we are expecting the breeze to pick up overnight, and last over the next few days, that is going to bring breezy conditions to some areas, but perhaps more partly it is going to bring heightened fire danger to our hills. for our, and east bay hills, starting tonight lasting until monday morning, dry gusty conditions are expected here, to be a little bit to breezy around the bay -- and along the coastline. that offshore flow is going to kick out fog. tomorrow we are likely to get a little bit more sunshine and te

if that holds, everyone who was out of the home to the bakken by about 10 am this morning. 4000 people have been of equity. officials knocked on the door of 1400 homes in the overnight hours. couple of areas affected, the two top once, calvary temple terrace and lost madonna's college. those are evacuation center cepicky pittsburgh bay point bart station, here the exact addresses for the evacuation center's. to pittsburgh bay point bart station was being used. we understand it is being cleared. people are going thereafter there told to leave their homes.>> people have been showing up just midnight. we have a school district bus just arrived. i.c.e. bucket arrived and she is going inside to see what many children are needing rights to school. the pastor tells us his prepared for lunch. he says can stay there as long as they want. earlier grassfire a grass fire broke out. during the fire followed fire line possibly led to a fire at the chevron gas pipeline vault. natural gas pipeline affected by the fire has been shut down and isolated by the rest of the pipeline in the pipeline tells ab

the wild black gold rush around the bakken airfields had peaked.ooking for a big payday wouldn't have known that yet. and with eager cash, they chased a stake in what they hope were billions still in the ground. apparently, doug carlile was one of them. according to family, he got turned onto oil by a friend who knew a guy. >> he told us about north dakota. hey, it's booming there. you should go check things out and see what's happening. >> first, doug partnered in a trucking company that served north dakota's many oil rigs. black stone, started by the guy his friend introduced him to. then opportunity knocked. one of those opportunities of a lifetime, ordained from above, according to doug. >> the whole thing kind of fell into his lap. and i think he felt like that was his calling from god to move forward in that lease. >> an oil lease that is. a lease that would give doug and any partners he could bring in, the exclusive right to drill for oil on 640 acres of land on the mha indian reservation. but that opportunity doesn't come cheap. so you had

these guys are permian and bakken players and this is like a hammer should have hit investors over the was a government lease sale on acreage down in the permian just offset wpx's position acreage there went up for $95,000 an acre for the winning bids wpx is valued by the market right now, we think the implied valuation is $35,000 per acre. so, there's a massive gap there. and if industry players are willing to pay 95k an acre, you're valued@$35,000, there's a big opportunity here. >> f.a.n.g., wpx,and j.a.g., jagged peak energy, which i think is actually just moving on this interview mike kelly, seaport global, thank you very much. >> thanks, guys. >>> well, just a short time ago, fed chairman jerome powell saying that a strong economy and low unemployment should continue, this as pnc is out with a new survey which shows small business owners and executives are feeling a little less optimistic about the economy than they were six weeks ago. gus faucher is chief economist with pnc gus, good to have you with us. >> thank you. >> there are a few interesting highlights i wanted to pull ou

we've been to the middle east, been to the bakken wehad a $2 billion deal in the space two years agoafter this industry was really just kind of left ignored. shell is about ready to launch a $2 billion product we're going to go out on one of the next biggest days. 130 miles, guys, offshore to talk about whether or not in the gulf we're going to see more investments, more capital improvements, and how much more oil and gas we can pull out of the gulf of mexico that beautiful machine behind us is going to take us. it is going to be a spectacular day here on cnbc >> hey, before you go, what kind of train dg you have to do to get ready for this >> well, yeah. okay so yesterday didn't realize how intense it was going to be basically they simulate you're in that fuselage you're strapped in, they dunk you, flip over, open a window and crawl out. it's all on the extremely unlikely possibility that our s-92 here because we're 130 miles offshore make a controlled water landing. then rolls over and yao got to get out in the dark. we learned how not to get eaten by barracuda >> wow >> reporter: