Demand for Construction Exceeds Supply in North Dakota
By Jessica Porter
Life in western North Dakota is unlike anywhere else in the country.
Despite extreme weather conditions, the state managed to escape any kind
of economic recession and boasts an unemployment rate of just 1
percent. Since August 2008, the workforce has increased by almost 10,000
people, resulting in towns that developed minimally during the past 30
years almost doubling in size. It’s safe to say business is booming in
North Dakota, thanks to the Bakken Shale.
The Bakken Shale, an underground rock formation estimated to contain billions of barrels of oil, predominately falls in North Dakota, but also covers parts of Montana and Saskatchewan, Canada. Drilling has been going on in the area in phases since the 1950s, but the current boom is expected to produce the largest amount of oil.
The Bakken Shale, an underground rock formation estimated to contain billions of barrels of oil, predominately falls in North Dakota, but also covers parts of Montana and Saskatchewan, Canada. Drilling has been going on in the area in phases since the 1950s, but the current boom is expected to produce the largest amount of oil.
Read the entire story in Construction Executive.
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