Posted by Mike (WA) on July 19, 2012 at 09:45:44 from (69.10.197.35):
Noticed that the previous oil post got poofed (just when I tried to post a comment- grrrr).
My secretary, husband and kids moved to North Dakota so he could work in the oilfields. Couldn't find work around here. When she left in May, I decided not to replace her, and cut back on overhead (so maybe can do less work for same net $$- wouldn't that be nice!).
We have "quarterly" filiings because of her employment- Labor and Industries, Unemployment, Dept. of Revenue, IRS, etc. She has always done those, and many have to be done "on line" now, which I have no familiarty with. I commented how ironic it was that I would have to learn how to do them, just for the one last filing I would ever have to do. She said she would be back in mid July to get some more stuff, and would come in and do them for me. And straighten me out on the finer aspects of the bookkeeping that seemed to be eluding me.
So yesterday, she did. She said the "boomtown" aspect back there is really crazy- "mancamps" of cheap mobile structures, lined up near the larger towns, as many as 200 in a "park"- men only. Some family housing going in, but not nearly fast enough. Oil companies are buying houses to rent to employees, driving up the prices. Infrastructure is having a hard time keeping up- water, especially. Gas stations are all putting in more tanks, or building new stations altogether, to keep up with demand. And everybody is making $$$$$!
The larger towns, like Williston, are getting much less safe than before, because of so many "wild west frontier" type guys without much to do outside of working hours, except get in trouble. Small towns don't have much attraction to the he11 raisers, so are still pretty safe. Kids go to the park on their bikes without parents, kind of like how we were in the '50's.
They live in the country, surrounded by an 8,000 acre farm. Farm owner (elderly woman) owns the mineral rights, and when she hits the $250,000 FDIC limit at the bank, she moves on and opens an account at another bank. And she's running out of banks! LOL
She likes North Dakota, and though I miss her (didn't realize how much she did around here!), I wish her well.
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