WILLISTON, N.D. - Residential lots that Halliburton purchased for employee housing in Williston will soon be auctioned off to the highest bidder.
The oilfield service company is selling 21 residential lots in Williston's Harvest Hills neighborhood through a live auction June 30.
The residential lots, as well as two commercial lots in Williston, will sell without a minimum bid, said Fontana Fitzwilson, executive vice president of sales for Williams and Williams Real Estate Auctions, which is handling the sale.
"They want buyers to know they're committed to selling these," Fitzwilson said.
New home construction in Williston has significantly slowed with the drop in oil prices. Williston had issued four building permits for single family homes this year, according to numbers updated through the end of May.
In 2015, Williston issued 76 building permits for new homes, the lowest number in six years.
Halliburton also is selling surplus properties in other areas around the country, Fitzwilson said.
Williston is the first community where Halliburton built homes for employees, according to a letter written by Brent Eslinger, Halliburton senior district manager, to Williston city leaders related to the city's discussion on workforce housing.
Halliburton invested about $100 million in Williston to build permanent housing for employees, Eslinger wrote.
The company is not selling any homes, townhomes or apartment buildings that Halliburton built in Williston, said Emily Mir, director of public relations. Halliburton is only selling vacant residential and commercial lots in Williston where the company did not build homes or apartments, she said.
The live auction is at 4:30 p.m. June 30 in Williston, though bids can also be submitted online. For more information, including photos of the available lots, visit williamsauction.com/Halliburton.
"We think this is an opportunity for a variety of different kinds of buyers," Fitzwilson said. "Every buyer needs to do their own diligence and come and bring their highest and best."
Williams County listed the value of the residential lots as between $50,000 and $70,000 in 2015.