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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....

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Submitted Feb 23, 2013 By: StanleyCup

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drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Feb 25, 2013 8:22:19 AM Ignore drpepperTX Report Abuse 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:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Feb 25, 2013 12:24:11 AM Ignore KAR120CSII Report Abuse 24 degrees and clear in Minot -- come on over. Above freezing tomorrow.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Feb 24, 2013 3:01:42 AM Ignore SkooterG Report Abuse Wow. The drama of a boom city.
LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,075 Joined:Mar 2008	Message Posted: Feb 23, 2013 11:13:53 PM Ignore LetemEatCake Report Abuse Interesting article, thanks for posting.
CapriceWagon Champion Author Washington Posts:1,009 Points:502,870 Joined:Feb 2008	Message Posted: Feb 23, 2013 7:42:39 PM Ignore CapriceWagon Report Abuse I might have to go work over there for a while...
pgerassi Champion Author Milwaukee Posts:11,031 Points:2,158,270 Joined:Apr 2007	Message Posted: Feb 23, 2013 7:11:24 PM Ignore pgerassi Report Abuse They are NUTS.
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Feb 23, 2013 6:06:57 PM Ignore KAR120CSII Report Abuse Very bad for normal citizens of North Dakota.
bcok Champion Author Los Angeles Posts:2,176 Points:1,554,545 Joined:Oct 2005	Message Posted: Feb 23, 2013 5:48:36 PM Ignore bcok Report Abuse lets get rich
BlueOnyx All-Star Author Georgia Posts:630 Points:1,290,130 Joined:May 2008	Message Posted: Feb 23, 2013 5:41:19 PM Ignore BlueOnyx Report Abuse It's feast or famine.
ritaarn88 Sophomore Author Michigan Posts:105 Points:323,965 Joined:Dec 2011	Message Posted: Feb 23, 2013 5:32:50 PM Ignore ritaarn88 Report Abuse Boom town.......sounds like they need to import some home builders!!
boldrph Champion Author Topeka Posts:18,528 Points:3,477,615 Joined:Oct 2002	Message Posted: Feb 23, 2013 5:29:32 PM Ignore boldrph Report Abuse boom and bust. it's the american way
PithyOpiner Champion Author Stockton Posts:16,389 Points:1,623,295 Joined:Jun 2008	Message Posted: Feb 23, 2013 5:26:10 PM Ignore PithyOpiner Report Abuse 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:1,826 Points:341,035 Joined:Jun 2012	Message Posted: Feb 23, 2013 5:20:47 PM Ignore 1COR1533 Report Abuse ripe for the pickin
fire@53 Champion Author Philadelphia Posts:11,968 Points:2,796,025 Joined:May 2003	Message Posted: Feb 23, 2013 5:20:01 PM Ignore fire@53 Report Abuse Are we going back to the old company store?
nigelb Champion Author Virginia Posts:8,592 Points:1,417,505 Joined:Feb 2008	Message Posted: Feb 23, 2013 5:10:50 PM Ignore nigelb Report Abuse 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:6,297 Points:2,171,160 Joined:Oct 2006	Message Posted: Feb 23, 2013 5:08:19 PM Ignore mickealo Report Abuse well if you are looking for a job that is the place to go sounds to me
iamforiu Champion Author Indiana Posts:3,710 Points:738,465 Joined:May 2011	Message Posted: Feb 23, 2013 5:06:28 PM Ignore iamforiu Report Abuse good things happening
milespergallon Champion Author Illinois Posts:9,880 Points:1,935,835 Joined:Feb 2007	Message Posted: Feb 23, 2013 5:05:11 PM Ignore milespergallon Report Abuse 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:3,725 Points:736,160 Joined:Jun 2011	Message Posted: Feb 23, 2013 5:02:41 PM Ignore IUVidiot Report Abuse More jobs
idigau22 Champion Author Washington Posts:23,602 Points:3,228,610 Joined:Apr 2003	Message Posted: Feb 23, 2013 4:59:03 PM Ignore idigau22 Report Abuse 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:1,055 Points:409,180 Joined:May 2011	Message Posted: Feb 23, 2013 4:58:46 PM Ignore GNo1 Report Abuse this could be happening everywhere if it wasn't for the greenies, EPA, and Obama types.
lippoe_sokan All-Star Author Provo Posts:743 Points:208,000 Joined:Nov 2012	Message Posted: Feb 23, 2013 4:58:36 PM Ignore lippoe_sokan Report Abuse Seems like a good problem to have.
ericbcire Champion Author Nevada Posts:4,655 Points:1,294,060 Joined:Aug 2009	Message Posted: Feb 23, 2013 4:58:30 PM Ignore ericbcire Report Abuse Good for them.
mackconsult Champion Author Portland Posts:5,369 Points:868,185 Joined:Jan 2009	Message Posted: Feb 23, 2013 4:53:06 PM Ignore mackconsult Report Abuse How funny
tdc007 Champion Author Lexington Posts:1,248 Points:409,580 Joined:Feb 2012	Message Posted: Feb 23, 2013 4:51:38 PM Ignore tdc007 Report Abuse Ok
barbs24 Champion Author Virginia Beach Posts:3,272 Points:2,067,255 Joined:Feb 2006	Message Posted: Feb 23, 2013 4:47:30 PM Ignore barbs24 Report Abuse Good for them
IUVidiot Champion Author Indiana Posts:3,725 Points:736,160 Joined:Jun 2011	Message Posted: Feb 23, 2013 4:46:26 PM Ignore IUVidiot Report Abuse More jobs
jnseyeongas All-Star Author Milwaukee Posts:846 Points:616,005 Joined:Feb 2011	Message Posted: Feb 23, 2013 4:46:19 PM Ignore jnseyeongas Report Abuse Now that's creative thinking!!
NO_SWEAT Champion Author Toronto Posts:4,474 Points:1,104,940 Joined:Jul 2008	Message Posted: Feb 23, 2013 4:45:54 PM Ignore NO_SWEAT Report Abuse Positive.
slayur Champion Author Chicago Posts:1,534 Points:1,238,240 Joined:Sep 2005	Message Posted: Feb 23, 2013 4:45:31 PM Ignore slayur Report Abuse good
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Feb 23, 2013 4:45:23 PM Ignore fenster66 Report Abuse also means more jobs and a boost to the economy....
Romey08 Champion Author Virginia Posts:6,412 Points:1,456,430 Joined:Apr 2008	Message Posted: Feb 23, 2013 4:43:50 PM Ignore Romey08 Report Abuse good news for ND
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: Feb 23, 2013 4:43:29 PM Ignore HailstormCA Report Abuse Buy a lot and build your own.
SpankyMI Champion Author Kalamazoo Posts:2,831 Points:784,615 Joined:Jan 2011	Message Posted: Feb 23, 2013 4:43:18 PM Ignore SpankyMI Report Abuse This is great, if I needed a job, I'd be heading to North Dakota today.
infinititom Champion Author Dallas Posts:1,129 Points:544,265 Joined:Oct 2011	Message Posted: Feb 23, 2013 4:40:06 PM Ignore infinititom Report Abuse Finally, some good news.
aarrrt Champion Author San Diego Posts:7,386 Points:1,678,770 Joined:May 2008	Message Posted: Feb 23, 2013 4:37:18 PM Ignore aarrrt Report Abuse Smart.
smokinjoe54 Champion Author Ohio Posts:4,832 Points:932,540 Joined:Feb 2010	Message Posted: Feb 23, 2013 4:34:57 PM Ignore smokinjoe54 Report Abuse Sounds like a plan.
dieselfiendSC Champion Author South Carolina Posts:2,261 Points:870,605 Joined:Nov 2008	Message Posted: Feb 23, 2013 4:34:25 PM Ignore dieselfiendSC Report Abuse OK, good for landlords.
plbell627 Champion Author Dayton Posts:5,263 Points:1,227,730 Joined:Mar 2007	Message Posted: Feb 23, 2013 4:32:36 PM Ignore plbell627 Report Abuse Nice m oney but the winter weather is not to my liking.
DrCashFlow Champion Author Massachusetts Posts:7,196 Points:1,653,625 Joined:Jun 2008	Message Posted: Feb 23, 2013 4:30:32 PM Ignore DrCashFlow Report Abuse truck drivers making $100k/yr
OilerFan Champion Author Tulsa Posts:14,179 Points:2,457,350 Joined:Aug 2005	Message Posted: Feb 23, 2013 4:27:56 PM Ignore OilerFan Report Abuse Someone needs to bring in a bunch of nice camper trailers with full utilities and set up business.
Bigtex09 Champion Author Dallas Posts:4,422 Points:1,185,890 Joined:Oct 2009	Message Posted: Feb 23, 2013 4:27:42 PM Ignore Bigtex09 Report Abuse keep drilling
bondo Champion Author Twin Cities Posts:3,641 Points:789,160 Joined:May 2001	Message Posted: Feb 23, 2013 4:24:12 PM Ignore bondo Report Abuse There is a place an enterprising person could make some money.
txkrb Champion Author Texas Posts:1,595 Points:660,180 Joined:May 2011	Message Posted: Feb 23, 2013 4:23:57 PM Ignore txkrb Report Abuse "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 All-Star Author Milwaukee Posts:873 Points:151,220 Joined:Jun 2008	Message Posted: Feb 23, 2013 4:22:41 PM Ignore gsayeg1 Report Abuse 1,000 a month for a one room apt
TRAIN RIDER Champion Author San Bernardino Posts:9,217 Points:2,784,545 Joined:Oct 2004	Message Posted: Feb 23, 2013 4:19:55 PM Ignore TRAIN RIDER Report Abuse Sounds a lot like greed to me.
rippertoo Champion Author Tacoma Posts:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Feb 23, 2013 4:18:08 PM Ignore rippertoo Report Abuse Back to the era of company stores and towns. Bad news back then and even worse news for today.
zachlCA Champion Author California Posts:3,696 Points:679,210 Joined:Jun 2011	Message Posted: Feb 23, 2013 4:17:45 PM Ignore zachlCA Report Abuse Good for them.
Bobmilan Champion Author Louisville Posts:1,334 Points:502,280 Joined:Sep 2011	Message Posted: Feb 23, 2013 4:16:38 PM Ignore Bobmilan Report Abuse 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:2,605 Points:749,105 Joined:Feb 2011	Message Posted: Feb 23, 2013 4:16:30 PM Ignore GPD1739P Report Abuse Man I wish I owned land in ND.