By Lydia Gilbertson | Google+
Watford City has seen some of the most dramatic growth of any of the oil boom towns in North Dakota. What years ago was a small, quiet town in rural North Dakota is now a bustling industry town filled with trailers and new developments. Governing.com’s Curtis Johnson is explores the rapid expansion Watford City is facing in his most recent article for the publication.
But geologist Kathy Neset believes this boom will last. She points out that current technology, gee-whiz that it is, is extracting only about 6 percent of the shale oil down there, and that’s enough for 30 years. Plus, in contrast to past booms, this drilling is aimed at something close to a sure thing, with a success rate bordering on 99 percent.
What will Watford City look like in years to come? Will it be a boom or a bust?
What do you think?: Can a North Dakota Oil-Boom Town Survive Success?