North Dakota oil industry maturing, study shows [The Bismarck Tribune, N.D.]
The oil industry had a $32.6 billion impact on the state’s economy in 2017, according to the study by
Bangsund and his colleague, Nancy Hodur of
In 2015, the numbers of temporary and long-term workers were about equal for the first time. From 2016 to 2018, the long-term workers became the largest sector, the study shows.
“This has probably happened faster than we thought,” Bangsund said Tuesday during an Energy Day event organized by the
The industry also has made improvements with technology as the Bakken development has matured, increasing efficiency and requiring fewer workers, he said.
“We’re accomplishing more with less labor than we did a few years ago,” Bangsund said.
The shift to a more permanent workforce has led to increased birth rates and growing school enrollment numbers in western
“More families are now coming to the area; they’re calling
The number of oil industry employees peaked in 2014 with nearly 63,000 workers, according to figures from
The steep drop in oil prices caused the workforce numbers to decline, hitting a low in 2016 of about 30,000 oil industry workers, the study showed. In 2018, the oil industry workforce number was estimated at 35,800, based on preliminary numbers.
The study showed that the state’s overall employment numbers mirrored the trend with the oil industry.
“The petroleum industry has such a large presence in the state, when employment goes up and down, the state’s employment goes up and down, almost in sync,” Bangsund said.
NDSU has now produced seven similar studies, funded by the
“That is a tremendous drop for any state economy to absorb,” he said.
About 300 people attended Energy Day on Tuesday, which included presentations on other oil industry advancements in the state.
At the beginning of Bakken development, the industry was recovering about 3 percent to 5 percent of the oil underground, said
The company also has reduced the time to drill a Bakken well from 33 days to 12 days, Hulsey said.
“It’s becoming faster and more efficient every year,” he said.
The organization is taking a “zero tolerance” approach to spending money on legislative events until new ethics rules are certain, Ness said.
The group held a social at
“It’s changed substantially since Measure 1, which is unfortunate because that was a great chance for them to all get to meet and interact with their legislators from across the state,” Ness said.
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