With oil reserves rivaling those of Saudi Arabia, the Bakken Formation in the Upper Midwest is driving an economic boom the likes of which we might never see again. The “North Dakota Miracle” is creating once-in-a-generation opportunities in oil, gas, real estate, business, investment and economic development.
Minnesotans’ will have a convenient opportunity to get an in-depth look at opportunities in the region when Minnesota Real Estate Journal present its “Opportunities in North Dakota, the Bakken: Minneapolis Summit” to be held from 8 a.m. to 4 p.m., Friday, March 7, 2014, at the Golden Valley Country Club, 7001 Golden Valley Road, Golden Valley, MN 55427.
The Bakken’s unprecedented opportunities for the energy industry are the most obvious. Geologists estimate that the region holds more than 25 billion barrels of recoverable oil – and those estimates are considered by many to be rather conservative.
But the area also holds tremendous opportunity for real estate developers, investors and other businesses. The oil boom is driving explosive job and population growth in western North Dakota and Eastern Montana, yet the state still boasts the lowest unemployment rate in the nation: under 3 percent. Workers are flocking from other states, yet North Dakota can’t hire people fast enough to meet demand. Nor does it have the infrastructure and amenities needed to support the rapid growth.
“We need more of everything in Bakken,” one of the speakers said recently during a similar conference. There is a critical shortage of housing, healthcare, retail, hotels, restaurants and other services – not to mention an urgent need to improve basic infrastructure: roads; electric power lines; oil, gas and water pipelines; water systems; rail trains load facilities; natural gas plants; oil refineries; and much more.
“The opportunities are almost limitless – and it is not too late to get involved,” says Jeff Johnson, Publisher of Minnesota Real Estate Journal. “North Dakota, the Bakken and the Williston Basin are still in the early stages of growth and prosperity, and there are many opportunities to profit – either directly with business ventures in the region or by investing in the ventures already in place.” Technology in drilling and other oil activity is advancing dramatically each day and each day more opportunities are created. At the conference, attendees will be able to hear firsthand from industry experts about the vast number opportunities North Dakota has to offer.
“Any person who has any sort of interest in what is happening with North Dakota and the Bakken should attend this event” Mr. Johnson says. “Attendees will walk away from this conference with actionable knowledge they can use immediately to make informed business and investment decisions.”
“Opportunities in North Dakota and the Bakken: Minneapolis Summit” will feature over 20 industry experts, some of whom are scheduled to include: United State Congressman Kevin Cramer, Chris Faulkner, CEO of Breitling Energy Company; Joseph D. Mahon of Federal Reserve Bank Minneapolis; Jay Moore of Oppidan Investments; Jerry Chavez, President of Minot Area Development; Tom Rolfstad, President of Williston North Dakota Economic Development Corporation; and many more.
Those who register for the event by February 28, 2014, will receive an early bird rate of $169. Those who register by March 6, 2014, will pay $199. The walk-in rate is $249. Hot Breakfast, Hot Lunch and Refreshments will be included with your registration fee. There is a limited amount of seating available.
For more information or to reserve a space at the Minneapolis Bakken conference, please visit www.rejournals.com/2014bakken or contact Jeff Johnson at 952-405-7780 or [email protected]
Qualified members of the news media may attend the event at no cost. Please RSVP to Jeff Johnson using the phone number or email address above.