Friday, February 15, 2013

Okay, This Is A Huge Story -- Sort Of Related To The Bakken

I get countless comments from folks worrying that the Bakken will come to a standstill any day now, and, then of course, the Atlantic article the other day. But companies would not be pouring this much money into the US oil industry if they thought drilling was going to stop any time soon.

Here's a story Don spotted, adding more evidence that the US is now attracting big international players. Mywesttexas is reporting that the Argentine-based specialty steel pipe company will be building a massive $1.3 billion factory south of Houston.

Data points:
  • $1.3 billion
  • world's #1 producer of steel tubing for the oil industry
  • receiving $6 million from Texas Enterprise Fund
  • 1 million-square-foot facility
  • 600,000 tons of pipeline annually

3 comments:

  1. CLR is hiring 21 people between Tioga and Killdeer

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  2. The bakken will come to a standstill some day. That's the nature of oil and unless technology or new discoveries come into being then 30-50 years from now western ND will look exactly line it did in 2006. That's not necessarily a bad thing but even though 50 years is a long time, there are no apparent ways to build/grow an economy other than ag and (when available) oil. As far as I can tell, at this time, no entity in ND is even trying to build any non oil related industries even though prior attempts have been made.

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    Replies
    1. You must be missing a lot of posts. Besides many entities already posted over the past four years, the best is really yet to come.

      And, again, agriculture is the backbone of the state. Not oil. Oil is affecting a small part of the western part of the state. In the big scheme of things, North Dakota is a) midnight solitude/God's country; b) agriculture; c) Fargo; d) oil and gas; e) hunting and fishing; and, f) Bismarck.

      Well, actually, the friendly people are the backbone of the state and that won't change either.

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