(Part 4) High demand for housing and low demand results in steep prices

January 24th, 2015

The boom in the oil industry has caused a shortage in housing in North Dakota. The result? In the last few years, home prices have surged. In 2013, homes in North Dakota sold for over $200,000, up from the average price of just over $160,000 in 2011.
It is not just the houses that have become more expensive; … Read More...

(Part 3) Oil Boom Leads to Housing Shortage

January 23rd, 2015

One of the areas of concern for people at the Bakken Region is the shortage of housing brought about by the sudden growth in the area’s population. The oil boom has attracted thousands of workers from out of state and the housing has failed to keep with the pace of the population growth.

Many of the workers have … Read More...

(Part 2) Oil Boom= Big Income

January 22nd, 2015

An oil field worker can earn as much as $100,000 a year even without a college degree. This level of income is a big deal; as of January 2014, the minimum wage in the United States had been mandated at $7.25 per hour. Some states have legislated slightly higher minimum wages. Even if a worker worked 12 hours … Read More...

Oil Boom: Boon or Bane for the Bakken Region?

January 20th, 2015

(Part 1) The Oil Boom Means More Work for People

The oil industry in North Dakota, around the Bakken formation, continues to grow. Oil was discovered in the area in 2006; 8 years later and more and more field workers continue to troop to the Bakken region to work in the growing oil industry, supported by the recent … Read More...

How To Clean Your FRC Flame Resistant Jacket

January 18th, 2015

This week’s tip is concerning an FAQ question that we get this time a year which is “How Do I Clean My FR Jacket?”.

Your flame resistant jacket can be cleaned either at home or at a dry cleaners. The advantage of cleaning it at the dry cleaners is that if the jacket is heavily soiled in oil … Read More...

Oil Prices – To Hedge Or Not To Hedge

January 17th, 2015

The oil industry for the past couple of years was seeing some level of stability in the range of $100 a barrel. The companies that hedged at that price have secured their revenues now that oil has fallen to about $50 a barrel.

Purchasers who hedged would be the real losers, as they felt that they would have … Read More...

Canada Ranked High For Oil and Gas Investment

January 14th, 2015

This article http://www.youroilandgasnews.com/canada+oil+and+gas+provinces+rank+among+best+in+the+world_109056.html puts into context the fact that Canada is putting itself in line to benefit from the Oil and Gas industry boom. It is rated as one of the best in the world being confirmed by the study that was conducted by Enercom.
This study is also a great one as it is shared with energy … Read More...

Energy Job Safety Program

January 11th, 2015

The safety record of the oil and gas industry has been a dismal one of such sorts. There has been some injuries, spill, leaks and fatalities which may have been contributed to lack of proper training and understanding.

Therefore this training program set up by the Wind River jobs corp center looks to be is a great program. … Read More...

Unemployment Rate Helped By Oil and Gas Jobs

January 8th, 2015

The prospect of a boom in employment is an excellent thing that cannot be ignored or taken lightly. Jobs are what help to grow and sustain the economy based on the spending of the workforce.

However, the nature of the jobs is concerning to some environmentalists that have issues with oil and gas exploration. Some of their concerns … Read More...

Canadian LNG Costs To be High

January 4th, 2015

The cost of to produce LNG from Canada may be projected to be a little higher that other countries however the investors are not moved. This must have been a consideration in the early stages when they were doing their feasibility studies before investing.

They are also comforted by the fact that demand will always drive the cost … Read More...