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Wednesday, October 3, 2012

Human Interest Story: North Dakota's New Millionaires

Great, great story from Yahoo News!Reuters.

Several story lines. One of them: oil money has now made it possible for farmers to farm again.
The retired men shooting the breeze at Joyce's Cafe in Stanley don't look like oil barons but appearances can be deceptive, especially in North Dakota.  
Take Robert Western, a farmer who was dressed in rumpled overalls and a baseball cap as he sipped coffee and discussed the oil boom that has transformed this once sleepy town. 
"Some of the younger people buy a lot more - machinery, vehicles, things like that," said the 75-year-old Western. "The rest of us, I guess it doesn't alter our lifestyle a great deal. I don't have a lot of needs."  
After he left, his friend Earl Rogstad remarked to a visitor: "It's too bad Robert didn't have his airplane ready... He offered last summer to fly me over and see (the oil wells) from the air."  
Western did not mention that he is co-owner of a Piper single engine propeller plane, according to FAA records. He did admit to receiving oil royalties from wells on his farm but locals said he is far from the richest man in town. It is not clear whether Western is a millionaire or merely wealthy.  
"You can't tell the average Joe farmer from the average Joe millionaire," said Ward Heidbreder, Stanley city coordinator.
The best part of the story: the absolutely stunning photograph of North Dakota from the air.

Many Tears Ago, Hillbilly Moon Explosion
This sounds like Norah Jones. There is riff about half way near the end that sounds very much like something from Willie Nelson's Stardust album. 

2 comments:

  1. Having just returned from there, I can tell you that this story is pretty accurate except for one aspect.
    I once read that in N. Dak. a farmer with oil will go to town, buy a new pickup loaded to the gills, and then take it home and park it in the garage. After around 2 or 3 months, they will drive it around in the fields, and get it all dirty. Then they go to town. When folk say "So, I see you got a new truck", they replied, "Nah, I've had it for a while"!

    And so it goes.....

    ReplyDelete
    Replies
    1. That is SOOOO true.

      Thank you for taking the time to write, and for taking these stories in stride. Good, bad, or indifferent, it is an interesting story to tell. (I own no mineral rights; have made no money off the Bakken -- I do own shares in some Bakken-centric companies -- but other than that have not participated in the money-end of the Bakken; I just enjoy reading about it and blogging about it.]

      Delete

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