Williston North Dakota Oil Boom
October 26, 2011 by staff
Williston North Dakota Oil Boom, School bus driver Barb Russell heard good money could be made in the oil fields of North Dakota, so the suitcase, locked her in Farmington, Minnesota, home and headed west last month. Tripled their income.
She got up every morning at September 3 bus workers of Halliburton drilling rigs in a place where the trucks roaring non-stop and everyone who wants a job has one.
Finding a place to lay your head is something else. Russell, 60, lives in one of the many dormitory style “man camps” to help house an influx of some 35,000 workers.
“I wish ‘em the best in getting housing for all, especially with winter coming,” said Russell, who in his pink cap stands out among the men. “I would hate to see people sleeping in their cars.”
There is no other place like the United States.
New drilling technology has liberated vast reserves of oil in the Williston Basin of western North Dakota, fueling what has become a gold rush of hand. As the rest of the country, tries desperately to the side of a double-dip recession, North Dakota has one and one billion fiscal surplus and the nation’s lowest unemployment rate. The recruits are still coming, reversing a population decline long. Schools are scrambling to hire teachers. Cities are the addition of police officers.
And the growth continues to boom – about 200 rigs are boring 100 new wells per month. More recent figures showing 16,435 state jobs, 48 ??percent more than a year ago.
However, many long-time residents and officials are beginning to complain about something that most places in the country could hardly understand: prosperity too much too rapid growth.
In a region burned twice by the oil boom went bust, the memories are very deep. Cities like Williston are caught trying to encourage the roots of the workers, many of whom have no intention of settling in North Dakota, while the last could find out how long this boom. Up to 100 workers are needed to drill a well and to prepare an opera only once it is producing.
“We were caught off guard, thinking that would be another blip on the radar screen,” said Ron Seeley, a longtime Williston dentist, referee and sports commentator. “We need schools, roads and housing, so we welcome both workers and their families.”
Oil was first discovered in the vast majority “Bakken” formation in 1951, but the layer of rock containing oil is thin, and early vertical wells did not produce much. Lower boom in the late 1950′s and 1970′s and early 1980 was sold when oil prices fell.
But new advances in precision horizontal drilling and hydraulic fracturing of several stages, or “fracking,” everything changed around 2005.
The new techniques make almost 100 percent of new producing wells. North Dakota went from producing 110,000 barrels of oil a day in the fall of 2006 to 444,000 barrels per day. Is expected to pass in California and Alaska to become the second largest oil producing state, behind Texas.
Experts say the industry conceivable that the pump between 4000 million and 24 million barrels of oil from the Bakken, which stretches into Montana and Canada. They say 48,000 more wells are possible in the next 20 years, which would give the region an important role in allowing the U.S. to achieve energy independence.
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