Did you know oil rig jobs are booming in North Dakota.? Business is so good in that state that there is a billion dollar surplus in the state budget.
The oil boom is due to the new fracking technology. If you’re not aware, the process involves injecting fluid deep into rock below the land surface to force oil out.
Traditionally Alaska and Texas have been the heavy hitters when it comes to oil production in the United States. But now there is a big opportunity for oil rig jobs in the West.
Some city folks aren’t happy about the overnight crowding conditions. New Town , N.D., had a stable population of 1,500 but in the recent months it has swelled overnight. The 18 wheelers just keep rolling into town.
With all that fracking business there has been an increase in all kinds of industry. It is suggested that the area county has doubled from 20,000 to 40,000 population. This means an increase in the need of all kinds of human resources.
The oil territory is known as the Bakken oil field. It is one of the largest movements of this kind in American history. It’s like Gold Rush days. The oil field is roughly the size of West Virginia… a third of North Dakota.
If you are looking for oil rig jobs, there are 201 drilling rigs throughout the state. That’s more rigs than anyplace else, except Texas, in the United States. There is an anticipation of that number jumping to 225.
All those oil rigs means jobs. The director of North Dakota’s Department of Mineral Resources estimates that each rig represents 120 employee jobs. With a quick calculation there is a 27,000 projected new jobs in the state of North Dakota.
That doesn’t include all the pipe that has to be run to the new wells. And then there will be the need for natural gas processing plants to be built.
This is a long haul project. This is a twenty year or more opportunity. And if you get in on the ground floor it could provide long term benefits to the right worker. Projected plans are to drill in every square mile of the Bakken oil field.
Oil companies are rushing into North Dakota like hungry wolves salivating over the final sinews of a mostly eaten wild animal. Land leases were going about $100 an acre back in 2006. But they are about to expire. And now those same leases are worth $1,000 to $2,000 an acre. There are many landowners getting rich.
Oil companies want to claim their piece of the pie. And so growth is going at an astronomical rate. And it doesn’t appear that it will be slowing down any time soon.
If you are look for oil rig jobs, then Bakken oil field in North Dakota is the place you want to be.
Check out NPR staff writer John McChesney for further details at npr.org.