News

Oil Boom Swells North Dakota Town; What Now?

March 18, 2015/

Shale oil turned this sleepy county seat surrounded by wheat fields into a boomtown, drawing developers to build housing for a population that has more than quadrupled in five years.

But with crude prices less than half of what they were nine months ago, land-rush euphoria is giving way to concerns that projects will stall and Manhattan-level apartment rents could plunge as drillers cut production and jobs.

By
Eliot Brown

Full Story: http://www.wsj.com/articles/oil-boom-swells-north-dakota-town-what-now-1426628879?mod=WSJ_hpp_MIDDLE_Video_Third

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