Skip to comments.North Dakota Enjoys Oil BoomóBut Girds for Slowdown
Posted on 12/24/2012 3:22:28 PM PST by MinorityRepublican
The Bakken Shale has put North Dakota in an enviable positionflush with oil, jobs and tax revenue. But some state officials are fretting about an inevitable slowdown. Here, a drill site outside of Watford City.
DICKINSON, N.D.North Dakota officials have a challenge many states would love to face: figuring out how to manage big permanent investments such as roads and bridges for an energy boom that is drawing hordes of newcomers.
Already home to some of the fastest-growing towns in the country, according to Census Bureau estimates, the oil-rich western half of North Dakota is likely to experience a population jump of more than 50% over the next two decades, a state study predicts. That works out to a rise of about 110,000 in a state that as of last year had just 684,000 residents.
The draw is high-paying jobs, and lots of themlast year, workers in the state's energy industry made $91,400 on average, more than double the state average of $41,800.
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I wish i made 91 thou but i know.i made more then 41. Pretty good for a 60 year old fat man
The page I got wanted me to sign up with WSJ.
In October my son was hired by an off-shore drilling company in LA. He had no experience in the oil industry, but is a big, strong guy. He makes about 45k as a roustabout.
He drove to LA looking for a job with a list of 7 drilling companies that accepted walk-in application. He was hired by the sixth company he went to.
Having grown up in the South he knew he couldn’t handle the cold winters of North Dakota.
Ninety-one thou a year can buy a lot of long underwear! (but I agree with his sentiment.....)