Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:20 PM

GasBuddy News Article

31
votes
Oil boom makes employers landlords in North Dakota

Fuel Fix -- Matt Grimshaw, who runs a hospital in Williston, North Dakota, and Dale Patten, head of a family-owned bank in nearby Watford City, had the same problem and found the same solution. Both went into the real estate business to attract employees.

Booming oil production means unemployment in Williams County is the lowest in the nation at less than 1 percent. That’s boosted the population of Williston, the Williams County seat which is 600 miles northwest of Minneapolis, by 28 percent in 10 years. The result is a housing shortage in which one-bedroom apartments rent for about $2,300 a month and families stay in single hotel rooms for weeks.

Mercy Medical Center has 50 out of 500 positions to fill at any given time, said Grimshaw, chief executive officer. When $5,000 sign-on bonuses....


Read the Full Article

Submitted Feb 23, 2013 By: StanleyCup
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil boom makes employers landlords in North Dakota Back to Topics
REPLIES (newest first) Post a Reply
drpepperTX
Champion Author Texas

Posts:14,630
Points:1,559,870
Joined:Apr 2011
Message Posted: Feb 25, 2013 8:22:19 AM

As with most booms it is the restauranteur, the store owners, and so on that benefit greatly. The infrastructure created also results in long term benefits. Schools derive more income from the royalties that are taxed in addition to the increase in property values and the resulting increase in taxes.
KAR120CSII
Champion Author Oregon

Posts:6,243
Points:1,299,475
Joined:Apr 2010
Message Posted: Feb 25, 2013 12:24:11 AM

24 degrees and clear in Minot -- come on over. Above freezing tomorrow.
SkooterG
Champion Author Phoenix

Posts:4,013
Points:1,111,625
Joined:May 2012
Message Posted: Feb 24, 2013 3:01:42 AM

Wow. The drama of a boom city.
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Feb 23, 2013 11:13:53 PM


Interesting article, thanks for posting.
CapriceWagon
Champion Author Washington

Posts:1,505
Points:1,157,315
Joined:Feb 2008
Message Posted: Feb 23, 2013 7:42:39 PM

I might have to go work over there for a while...
pgerassi
Champion Author Milwaukee

Posts:14,282
Points:2,938,995
Joined:Apr 2007
Message Posted: Feb 23, 2013 7:11:24 PM

They are NUTS.
KAR120CSII
Champion Author Oregon

Posts:6,243
Points:1,299,475
Joined:Apr 2010
Message Posted: Feb 23, 2013 6:06:57 PM

Very bad for normal citizens of North Dakota.
bcok
Champion Author Los Angeles

Posts:3,381
Points:2,096,130
Joined:Oct 2005
Message Posted: Feb 23, 2013 5:48:36 PM

lets get rich
BlueOnyx
All-Star Author Georgia

Posts:778
Points:1,574,965
Joined:May 2008
Message Posted: Feb 23, 2013 5:41:19 PM

It's feast or famine.
ritaarn88
Sophomore Author Michigan

Posts:109
Points:535,520
Joined:Dec 2011
Message Posted: Feb 23, 2013 5:32:50 PM

Boom town.......sounds like they need to import some home builders!!
boldrph
Champion Author Topeka

Posts:22,296
Points:4,255,265
Joined:Oct 2002
Message Posted: Feb 23, 2013 5:29:32 PM

boom and bust. it's the american way
PithyOpiner
Champion Author Stockton

Posts:18,731
Points:2,105,945
Joined:Jun 2008
Message Posted: Feb 23, 2013 5:26:10 PM

I'm going to Williston to report gas prices just as soon as I retire. GasBuddy will need to pay me, though.
1COR1533
Champion Author San Jose

Posts:4,939
Points:1,091,930
Joined:Jun 2012
Message Posted: Feb 23, 2013 5:20:47 PM

ripe for the pickin
fire@53
Champion Author Philadelphia

Posts:15,074
Points:3,552,275
Joined:May 2003
Message Posted: Feb 23, 2013 5:20:01 PM

Are we going back to the old company store?
nigelb
Champion Author Virginia

Posts:11,750
Points:2,183,700
Joined:Feb 2008
Message Posted: Feb 23, 2013 5:10:50 PM

idogau22 sid "Thank goodness someone is creating jobs for unemployed American workers!

Obama hasn't done it in 4+ years!! He is very busy Golfing with his "Billionair" Buddies!!! "

He has created more jobs than Bush did from his Crawford Ranch with his Billionaire buddies!
mickealo
Champion Author Spokane

Posts:9,357
Points:2,903,865
Joined:Oct 2006
Message Posted: Feb 23, 2013 5:08:19 PM

well if you are looking for a job that is the place to go sounds to me
iamforiu
Champion Author Indiana

Posts:6,971
Points:1,544,365
Joined:May 2011
Message Posted: Feb 23, 2013 5:06:28 PM

good things happening
milespergallon
Champion Author Illinois

Posts:12,978
Points:2,719,850
Joined:Feb 2007
Message Posted: Feb 23, 2013 5:05:11 PM

Has to be mind boggling for everything from basic essentials to infrastructure. Hope they have good, real good managers there
IUVidiot
Champion Author Indiana

Posts:6,979
Points:1,541,835
Joined:Jun 2011
Message Posted: Feb 23, 2013 5:02:41 PM

More jobs
idigau22
Champion Author Washington

Posts:27,763
Points:3,922,715
Joined:Apr 2003
Message Posted: Feb 23, 2013 4:59:03 PM

Thank goodness someone is creating jobs for unemployed American workers!

Obama hasn't done it in 4+ years!! He is very busy Golfing with his "Billionair" Buddies!!!
GNo1
Champion Author Nashville

Posts:4,148
Points:1,201,565
Joined:May 2011
Message Posted: Feb 23, 2013 4:58:46 PM

this could be happening everywhere if it wasn't for the greenies, EPA, and Obama types.
lippoe_sokan
Champion Author Provo

Posts:3,853
Points:986,505
Joined:Nov 2012
Message Posted: Feb 23, 2013 4:58:36 PM

Seems like a good problem to have.
ericbcire
Champion Author Nevada

Posts:7,879
Points:2,074,910
Joined:Aug 2009
Message Posted: Feb 23, 2013 4:58:30 PM

Good for them.
mackconsult
Champion Author Portland

Posts:5,479
Points:883,085
Joined:Jan 2009
Message Posted: Feb 23, 2013 4:53:06 PM

How funny
tdc007
Champion Author Lexington

Posts:3,979
Points:1,164,495
Joined:Feb 2012
Message Posted: Feb 23, 2013 4:51:38 PM

Ok
barbs24
Champion Author Virginia Beach

Posts:6,180
Points:2,832,650
Joined:Feb 2006
Message Posted: Feb 23, 2013 4:47:30 PM

Good for them
IUVidiot
Champion Author Indiana

Posts:6,979
Points:1,541,835
Joined:Jun 2011
Message Posted: Feb 23, 2013 4:46:26 PM

More jobs
jnseyeongas
Champion Author Milwaukee

Posts:3,303
Points:1,249,215
Joined:Feb 2011
Message Posted: Feb 23, 2013 4:46:19 PM

Now that's creative thinking!!
NO_SWEAT
Champion Author Toronto

Posts:7,524
Points:1,867,315
Joined:Jul 2008
Message Posted: Feb 23, 2013 4:45:54 PM

Positive.
slayur
Champion Author Chicago

Posts:1,620
Points:1,863,860
Joined:Sep 2005
Message Posted: Feb 23, 2013 4:45:31 PM

good
fenster66
Champion Author Pittsburgh

Posts:6,729
Points:1,491,475
Joined:May 2011
Message Posted: Feb 23, 2013 4:45:23 PM

also means more jobs and a boost to the economy....
Romey08
Champion Author Virginia

Posts:7,204
Points:1,659,470
Joined:Apr 2008
Message Posted: Feb 23, 2013 4:43:50 PM

good news for ND
HailstormCA
Champion Author San Diego

Posts:10,716
Points:2,172,535
Joined:Nov 2008
Message Posted: Feb 23, 2013 4:43:29 PM

Buy a lot and build your own.
SpankyMI
Champion Author Kalamazoo

Posts:5,532
Points:1,517,265
Joined:Jan 2011
Message Posted: Feb 23, 2013 4:43:18 PM

This is great, if I needed a job, I'd be heading to North Dakota today.
infinititom
Champion Author Dallas

Posts:4,351
Points:1,326,625
Joined:Oct 2011
Message Posted: Feb 23, 2013 4:40:06 PM

Finally, some good news.
aarrrt
Champion Author San Diego

Posts:9,714
Points:2,418,230
Joined:May 2008
Message Posted: Feb 23, 2013 4:37:18 PM

Smart.
smokinjoe54
Champion Author Ohio

Posts:6,349
Points:1,467,420
Joined:Feb 2010
Message Posted: Feb 23, 2013 4:34:57 PM

Sounds like a plan.
dieselfiendSC
Champion Author South Carolina

Posts:4,785
Points:1,617,025
Joined:Nov 2008
Message Posted: Feb 23, 2013 4:34:25 PM

OK, good for landlords.
plbell627
Champion Author Dayton

Posts:8,110
Points:1,965,530
Joined:Mar 2007
Message Posted: Feb 23, 2013 4:32:36 PM


Nice m oney but the winter weather is not to my liking.
DrCashFlow
Champion Author Massachusetts

Posts:10,309
Points:2,416,980
Joined:Jun 2008
Message Posted: Feb 23, 2013 4:30:32 PM

truck drivers making $100k/yr
OilerFan
Champion Author Tulsa

Posts:16,984
Points:3,106,090
Joined:Aug 2005
Message Posted: Feb 23, 2013 4:27:56 PM

Someone needs to bring in a bunch of nice camper trailers with full utilities and set up business.
Bigtex09
Champion Author Dallas

Posts:6,625
Points:1,923,380
Joined:Oct 2009
Message Posted: Feb 23, 2013 4:27:42 PM

keep drilling
bondo
Champion Author Twin Cities

Posts:6,805
Points:1,590,345
Joined:May 2001
Message Posted: Feb 23, 2013 4:24:12 PM

There is a place an enterprising person could make some money.
txkrb
Champion Author Texas

Posts:2,870
Points:1,368,370
Joined:May 2011
Message Posted: Feb 23, 2013 4:23:57 PM

"Grimshaw persuaded the parent company, Englewood, Colorado-based Catholic Health Initiatives, to build a $12 million, 68-unit apartment building near the hospital."
Thats $176000 per apartment, could have built homes
gsayeg1
Champion Author Milwaukee

Posts:1,762
Points:255,305
Joined:Jun 2008
Message Posted: Feb 23, 2013 4:22:41 PM

1,000 a month for a one room apt
TRAIN RIDER
Champion Author San Bernardino

Posts:12,440
Points:3,584,630
Joined:Oct 2004
Message Posted: Feb 23, 2013 4:19:55 PM

Sounds a lot like greed to me.
rippertoo
Champion Author Tacoma

Posts:9,150
Points:1,953,135
Joined:Jan 2010
Message Posted: Feb 23, 2013 4:18:08 PM

Back to the era of company stores and towns. Bad news back then and even worse news for today.
zachlCA
Champion Author California

Posts:7,068
Points:1,326,880
Joined:Jun 2011
Message Posted: Feb 23, 2013 4:17:45 PM

Good for them.
Bobmilan
Champion Author Louisville

Posts:4,575
Points:1,283,775
Joined:Sep 2011
Message Posted: Feb 23, 2013 4:16:38 PM

GREEDY companies would let workers stay in trailers.

These fine professional organizations actually take good care of employees to make theiir busienss run.

Wish Obama could figure this one out.
GPD1739P
Champion Author Illinois

Posts:2,726
Points:1,394,850
Joined:Feb 2011
Message Posted: Feb 23, 2013 4:16:30 PM

Man I wish I owned land in ND.
civicdutie
Champion Author Rochester

Posts:5,743
Points:1,551,175
Joined:Nov 2008
Message Posted: Feb 23, 2013 4:15:59 PM

Any campgrounds there?
Post a reply Back to Topics