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GasBuddy News Article

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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil boom makes employers landlords in North Dakota Back to Topics
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drpepperTX
Champion Author Texas

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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.
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KAR120CSII
Champion Author Oregon

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Message Posted: Feb 25, 2013 12:24:11 AM

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

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Message Posted: Feb 24, 2013 3:01:42 AM

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

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Message Posted: Feb 23, 2013 11:13:53 PM


Interesting article, thanks for posting.
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CapriceWagon
Champion Author Washington

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Message Posted: Feb 23, 2013 7:42:39 PM

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

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Message Posted: Feb 23, 2013 7:11:24 PM

They are NUTS.
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KAR120CSII
Champion Author Oregon

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Message Posted: Feb 23, 2013 6:06:57 PM

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

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Message Posted: Feb 23, 2013 5:48:36 PM

lets get rich
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BlueOnyx
All-Star Author Georgia

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Message Posted: Feb 23, 2013 5:41:19 PM

It's feast or famine.
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ritaarn88
Sophomore Author Michigan

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Message Posted: Feb 23, 2013 5:32:50 PM

Boom town.......sounds like they need to import some home builders!!
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boldrph
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Message Posted: Feb 23, 2013 5:29:32 PM

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

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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.
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1COR1533
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Message Posted: Feb 23, 2013 5:20:47 PM

ripe for the pickin
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fire@53
Champion Author Philadelphia

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Message Posted: Feb 23, 2013 5:20:01 PM

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

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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!
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mickealo
Champion Author Spokane

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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
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iamforiu
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Message Posted: Feb 23, 2013 5:06:28 PM

good things happening
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milespergallon
Champion Author Illinois

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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
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IUVidiot
Champion Author Indiana

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Message Posted: Feb 23, 2013 5:02:41 PM

More jobs
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idigau22
Champion Author Washington

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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!!!
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GNo1
Champion Author Nashville

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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.
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lippoe_sokan
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Message Posted: Feb 23, 2013 4:58:36 PM

Seems like a good problem to have.
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ericbcire
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Message Posted: Feb 23, 2013 4:58:30 PM

Good for them.
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mackconsult
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Message Posted: Feb 23, 2013 4:53:06 PM

How funny
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tdc007
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Message Posted: Feb 23, 2013 4:51:38 PM

Ok
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barbs24
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Message Posted: Feb 23, 2013 4:47:30 PM

Good for them
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IUVidiot
Champion Author Indiana

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Message Posted: Feb 23, 2013 4:46:26 PM

More jobs
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jnseyeongas
Champion Author Milwaukee

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Message Posted: Feb 23, 2013 4:46:19 PM

Now that's creative thinking!!
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NO_SWEAT
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Message Posted: Feb 23, 2013 4:45:54 PM

Positive.
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slayur
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Message Posted: Feb 23, 2013 4:45:31 PM

good
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fenster66
Champion Author Pittsburgh

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Message Posted: Feb 23, 2013 4:45:23 PM

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

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Message Posted: Feb 23, 2013 4:43:50 PM

good news for ND
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HailstormCA
Champion Author San Diego

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Message Posted: Feb 23, 2013 4:43:29 PM

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

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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.
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infinititom
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Message Posted: Feb 23, 2013 4:40:06 PM

Finally, some good news.
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aarrrt
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Message Posted: Feb 23, 2013 4:37:18 PM

Smart.
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smokinjoe54
Champion Author Ohio

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Message Posted: Feb 23, 2013 4:34:57 PM

Sounds like a plan.
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dieselfiendSC
Champion Author South Carolina

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Message Posted: Feb 23, 2013 4:34:25 PM

OK, good for landlords.
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plbell627
Champion Author Dayton

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Message Posted: Feb 23, 2013 4:32:36 PM


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

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Message Posted: Feb 23, 2013 4:30:32 PM

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

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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.
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Bigtex09
Champion Author Dallas

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Message Posted: Feb 23, 2013 4:27:42 PM

keep drilling
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bondo
Champion Author Twin Cities

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Message Posted: Feb 23, 2013 4:24:12 PM

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

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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
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gsayeg1
Champion Author Milwaukee

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Message Posted: Feb 23, 2013 4:22:41 PM

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

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Message Posted: Feb 23, 2013 4:19:55 PM

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

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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.
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zachlCA
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Message Posted: Feb 23, 2013 4:17:45 PM

Good for them.
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Bobmilan
Champion Author Louisville

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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.
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GPD1739P
Champion Author Illinois

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Message Posted: Feb 23, 2013 4:16:30 PM

Man I wish I owned land in ND.
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