Monthly Archives: October 2011

North Dakota: where the jobs are

“And the boom keeps booming — almost 200 drilling rigs are boring 100 new wells a month. The state’s most recent figures show 16,435 job openings, 48 percent more than a year ago.”

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Halliburton to hire 11,000, mostly for Bakken Shale play

“If you have a willingness to work and an aptitude to learn with a high school education, within a year and a half to two years, you can become a front-line supervisor. That job will pay $125,000 to $130,000 a year,” Brown told Cramer. “What we’re doing here, we’re replicating across the nation.”

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How North Dakota Became Saudi Arabia

“We expect our reserves and production to triple over the next five years.” And for those who think this oil find is only making Mr. Hamm rich, he notes that today in America “there are 10 million royalty owners across the country” who receive payments for the oil drilled on their land. “The wealth is being widely shared.”

“We can’t find any unemployed people up there. The state has 18,000 unfilled jobs,” Mr. Hamm insists. “And these are jobs that pay $60,000 to $80,000 a year.” The economy is expanding so fast that North Dakota has a housing shortage. Thanks to the oil boom—Continental pays more than $50 million in state taxes a year—the state has a budget surplus and is considering ending income and property taxes.”

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