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Tag Archives: north dakota oil boom

Economic growth tied to more than just price of oil

Last year at this time my office received dozens of phone calls and emails asking about ‘Boomtown’ and what’s really going on in Williston, North Dakota. Now we get calls asking about ‘the bust’ and what’s it like in Williston. After I slowly put down the phone and back away from the keyboard, I take a breath and just smile. ...

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Alaska falls furthest among states affected by oil price collapse

JUNEAU — The nation’s top oil-producing states powered through the last recession with barely a hitch, but now the collapse in oil prices is hobbling budgets in Alaska and elsewhere. But a new report says none is facing the same budget strains that Alaska is, highlighting differences in state tax structures. “The oil boom drove North Dakota’s revenue growth, while ...

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North Dakota board gives $1.2M oil-impact grants to counties

BISMARCK, N.D. — North Dakota’s Land Board has awarded $1.2million in state oil-impact grants to counties, townships and other political subdivisions. Officials say the money awarded Thursday was the final round of the state’s two-year budget cycle. The grants included the remaining funds that were set aside for contingency purposes. The Land Board says it awarded a total of $240 ...

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Watford City Considers Oil Development

watford city

Watford City is the epicenter of the Bakken oil explosion right now. That’s what the president of the Watford City Chamber of Commerce says. Darick Franzen, who has worked in McKenzie County for about three years for the Spring Capital Group, says the extent of the growth in the region can be seen in the roles of the local chamber. ...

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