DRIVE. TRANSCON2013 DRIVE. TRANSCON2013 Increasi ng Populati on Populati on Diversit y New Money Eagle Ford Perfect Economic Development Storm
Feb 24, 2016
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Increasing Population
PopulationDiversity
New Money
EagleFord
Perfect Economic Development Storm
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MAJOR COMMUNITY IMPACTS
► Population growth:
Watford City, ND: 2009 pop. 1,500
exp 2013 pop. 7,000
Dickenson, ND: 2012 pop. 23,000
40,000 in 10 years
► Shortages: Housing, education, fire and police, healthcare services, water / wastewater, land fill capacity, transportation systems, power and communications, investment services, work force, parks and recreation, child care, office space,………..
Demand is exceeding supply of EVERYTHING
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A FEW EXAMPLES FROM THE BAKKEN
► EMS increases since 2006
– Watford City 628%
– Billings County 238%
– Killdeer 257%
► Hotel / Housing Costs: Williston, ND
– Holiday Inn Express in December - $250/night
– 2 bedroom / $2,800 month
► Land Fill in McKenzie County, ND
– 50 yr life expectancy is now 8 years
► Employment
– McDonald’s in Bismarck offering $500 signing bonus
– North Dakota unemployment is 3.5. Full employment is 2.7
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NORTH DAKOTA OIL INDUSTRY JOBS
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IMPACTS IN THE EAGLE FORD IN THE LAST 2 YRS
► Over 20 hotels built between San Antonio and Laredo
► Law enforcement departments doubling
► Truck driver salaries above $25/Hour
► Cities selling excess wastewater treatment capacity to man camps operators
► Banks having trouble lending money because locals have all they need from leases/royalties
► Roadway fatalities doubling each year