Shocking Ways to Make Six Figures (And You Don’t Even Need a College Degree)
In the dead of winter, temperatures hover in the single digits for weeks, often dipping to 40 degrees below zero. And a one-bedroom apartment costs more than in New York City.
The crime is so bad that many women won’t leave their homes at night, or even shop in the local Walmart by themselves.
And yet construction workers can’t build houses and apartments fast enough to deal with the tidal wave of new residents.
Yet, there are still not enough people to fill all of the jobs…
Welcome to Williston, North Dakota
Like many other prairie towns, Williston has seen oil booms before. They first struck oil in western North Dakota in 1951 near the town of Tioga. But for decades the wells only teased oil producers by giving up trickles, rather than gushers.
In the 1980s, oil prices collapsed so quickly that workers in nearby Dickinson left the coffee in their cups when they left their trailers.
By 1999, there wasn’t a single oil rig operating in the state.
And then “the miracle” happened…
New technology that could unlock the “tight oil” within the shale under the state, transformed everything.
Hydraulic fracturing (“fracking”) and horizontal drilling in the rich oil deposits found in the 150,000 square mile Williston Basin created a new breed of millionaires overnight.
Today, North Dakota has just reached a major milestone, producing more than 1 million barrels of crude oil per day, according to the state’s Department of Mineral Resources.
To put that in perspective, that achievement means North Dakota’s oil fields now represent more than 12 percent of all U.S. oil production, and more than 1 percent of global production.
If it weren’t part of the United States, North Dakota would be on par with an OPEC country in its own right, producing as much as OPEC member Ecuador.
Creating Wealth, Barrel…by Barrel…by Barrel
Unemployment in North Dakota is the lowest in the country, at just over 3%. Williston currently has 3,000 unfilled jobs because there are no qualified applicants anywhere to be found. And everyone from oil rig workers to motel owners is making more money than they ever dreamed of.
According to Williston Mayor Ward Koeser, the average wage has risen from $32,000 in 2006 to about $80,000.
These aren’t people with specialized skills…far from it.
Keith Fischer, a 20-year old community college graduate who recently got laid off from his last job, is now making $80,000 a year. Same goes for his 24-year old brother, Ronald.
Laura Klein, a truck stop waitress, takes home $750 on a good day.
Lee Langland, a 54-year old from Utah who used to earn $3.15 an hour and has no education, made $160,000 in 2013.
That’s what 1 million barrels of oil a day will do.
Not that the boom hasn’t led to problems…
Housing, roads, schools, police stations, fire stations and other critical parts of the state’s infrastructure can’t keep up with the population growth. And the traffic has become a daily nightmare. Each new well requires about 2,000 truck trips during its first year of operation, jamming the roads with 18-wheelers.
Oil and natural gas production has also affected the environment, and the balance between the skyrocketing energy industry and clean air and water has been an uneasy one.
The upside, however, has been massive.
Decades of Life Changing Wealth
Today, the state government is sitting on a $3.8 billion surplus, and for many businesses their biggest challenge is carrying enough cash to make change for the $100 bills that are stuffed into their customers’ wallets.
And that “problem” isn’t about to end any time soon…
The U.S. Geological Survey estimates that there are over 500 billion barrels of oil in the Bakken Formation, with billions more in the remainder of the Williston Basin. Even with the expenses of horizontal drilling and fracking, these fields will remain profitable as long as oil remains above $60 per barrel, much less than the current $105+ price.
So how long will the latest boom last?…
Experts predict it will take 20 years to develop the 35,000 wells the area can support, and decades before the oil fields are exhausted.
But you don’t have to move to North Dakota or wait decades to make a bundle on this boom. Fifteen million people in 32 states are already cashing in.
All of them have one thing in common: their lives will never be the same.
You see, what’s going on in Williston is just a small part of much greater story.
Kent has all of the details right here. It’s a backdoor way for anyone to stake their claim.