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.
Investors from across the country are welcome to join Minnesota Real Estate Journal in Williston, N.D., in the heart of the Bakken region to meet with leaders from North Dakota. Investors will get an in-depth look at opportunities in the region when Minnesota Real Estate Journal present its “REInvesting in Bakken Summit” in Williston from 11 a.m. to 5 p.m. June 19 at the Williston Area Recreation Center, 822 18th St. East, Williston, N.D.
The Bakken’s 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 and the Bakken 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 At the conference, attendees will be able to hear firsthand from industry experts about the vast number of opportunities North Dakota has to offer.
“Any person who has any sort of interest in what is happening in North Dakota and the Bakken should attend this event and spend some time touring the heart of the Bakken and meeting people in the Bakken” Johnson says. “Attendees will walk away from this conference with actionable knowledge they can use immediately to make informed business and investment decisions.”
Those who register for the event by June 13 will receive an early bird rate of $99. Those who register by June 18 will pay $129. The walk-in rate is $169. Hot lunch and refreshments will be included with your registration fee. There is a limited amount of seating available.