The 63-year-old hauls cement five or six times a week to Williston, N.D., the epicenter of the Bakken oil shale formation that is fueling record economic growth for that state.
Now the growth is spilling south over the state line, bringing a new and growing market for businesses in the Black Hills that provide raw materials for oil extraction, equipment repair, housing components, and other needed goods and services.
“You don’t have to study very hard to figure out that it’s a multi-billion dollar market, four hours from our back door,” said Duff Kruse, president of Adams-ISC, a Rapid City manufacturing company benefitting from the boom. Adams-ISC makes and repairs the type of pressure pipe and vessel systems used to transport oil and natural gas, as well as hydraulic systems on trucks.
Sunday, March 11, 2012
Another Great Story on the Bakken Impact
Link to the Rapid City Journal.
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Tough times. Relatively tough.
ReplyDeletehttp://www.shreveporttimes.com/article/20120311/NEWS01/203110312/Fourth-year-brings-Haynesville-Shale-slowdown
anon 1
Hopefully it will stabilize, then turn around soon.
DeleteThese folks don't complain about providing energy for the rest of the country.