Corporate Housing Solutions Help Tioga Employers Overcome Oil Boom Housing Shortage
November 5, 2014
North Dakota is now the second largest oil producing state in the United States thanks to the use horizontal drilling and hydraulic fracturing in the shale Bakken formation.
Foreign oil producers, like Saudi Arabia, have felt the impact created by the surge in U.S. oil output.
U.S. oil production is up 70% since 2008, which equates to about 3.5 million barrels per day. According to the U.S. Energy Information Administration, North Dakota and Texas now account for nearly half of U.S. crude oil production.
Production in the Bakken accounts for a significant amount of that increased production:
Natural Gas Production Has Been Climbing With New Processing Plants & Pipelines
Natural gas production is also on the rise as a result drilling in the Bakken and natural gas production has outpaced the state’s gas pipeline capacity and processing facilities.
Hess Corporation recently completed an expansion project at it’s Tioga, ND gas plant with output predicted to increase by up to 300% according to the Oil and Gas Journal.
Hess is one of the leading operators in North Dakota with significant operations in the Tioga area.
Housing Is Tough to Find
This increase production has led to a booming economy in Western North Dakota. Hotels are full and restaurants are packed with roughnecks and people who have moved into the region due to jobs created as a result of the boom.
People are pouring into the area to find high-paying jobs, but housing hasn’t kept up with demand.
Employers in the region are struggling to find employees and many won’t make a hiring decision until a candidate has found housing due to concerns that candidates may have to leave the area if they can’t find suitable housing.
Tioga RV & Trailer Park has been working with a number of local employers to help solve their employee housing challenges.
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Contact us today at (701)641-6244.