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Oil-field optimism

An increase in activity in North Dakota’s oil patch is bringing optimism back to the area.

“After 2014 we had a tough couple years and lost about 13,000 jobs in the industry. That’s coming back now,” said Rob Lindberg, director of Bakken Backers, a coalition formed about five years ago and comprised of businesses, leaders, workers and citizens who support North Dakota’s oil and gas industry.

Lindberg, of Bismarck, spoke recently to the Minot Area Chamber of Commerce’s Energy Committee.

With oil prices plummeting about two years ago, North Dakota’s oil boom, better known as “The Bakken,” slowed down and many people working in the oil field left the state. That is changing now and being contributed to a number of reasons including a rise in oil prices and a friendlier oil production climate from the Trump administration.

Despite the recent lows experienced in the oil and gas industry, Lindberg said the Bakken remains special.

“In the history of the world there’s only been 10 formations to ever hit one million barrels per day and we’ve got one of them,” he said.

via www.minotdailynews.com

Related:  Fracking, Oil, Gas Jobs

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