The oil boom helped North Dakota move from No. 13 last year to No. 5 in the most recent survey by CNBC. Minnesota ranked No. 11, down from the No. 7 spot last year. Texas was named the best state for business.
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The new study by Bentek Energy LLC of Colorado shows North Dakota's oil production could jump to more than two million barrels a day by 2025, the Associated Press reports. Natural gas production could also more than quintuple. Unfortunately, about a third of the natural gas produced in North Dakota is wasted because there's a lack of pipelines.
Boardings at airports at airports across North Dakota are up 22 percent in the first six months of 2012 compared to the same period last year, Forum Communications reports. Boardings at airports near the oil boom in western North Dakota have skyrocketed -- up 73 percent in Dickinson, 62 percent in Minot and 41 percent in Williston.
A Rochester company is gearing to send nearly 150 homes to the oil fields this year. Creative Modular Concepts owner Dale Jech tells the Post Bulletin, "Labor there is simply too expensive. Most of the houses now are coming from Indiana. They're even buying some in Florida and shipping them to North Dakota."
The hub of North Dakota's oil boom issued a record number of building permits in 2011. The Williston Herald reports the city issued more than $355 million worth of permits. That is more than three times what Williston issued in 2009.
The state’s director of mineral resources says oil development could push North Dakota's population to a seven figure number. The oil boom has already created thousands of jobs and that is expected to continue. The 2011 Census estimate put North Dakota's population at 683,932.
North Dakota's oil boom is fueling demand for more air travel. Delta Air Lines is adding two nonstop daily flights between the Minneapolis-St. Paul International Airport and Williston, N.D., starting in November, the Fargo Forum reports.
