A growing trend in recent years has spawned economic growth and job creation in the United States from an industry lifted straight out of the late 20th century: oil production. With government focus on lowering emissions and increasing gas mileage, it comes as a surprise that thousands of Americans are finding work as roughnecks in boom-towns throughout North Dakota, where most oil refineries are taking off.
The US energy revolution has come at a cost. As tractor trailers pound interstate highways in North Dakota on a daily basis, there’s unprecedented strain being put on roads as well as railways and housing in North Dakota. The influx of workers moving to North Dakota has made the state the most economically productive in the country, but the wear and tear is beginning to show. In December 2013, an oil train derailed and exploded in the town of Casselton, North Dakota.
Town locals who’ve lived in or around these boom-towns their whole lives are showing signs of fatigue with the population explosion. In 2013, Williston, North Dakota had a residential population of 29, 595–up 10.7% from 2012. New developments such as restaurants and subdivisions are springing up through-out the state. Wages for local jobs have increased as well. The Williston Wal-Mart advertises $17 an hour positions for cashiers and stock clerks.
What does this mean for the heavy equipment rental industry? In short, an expansion of revenue concentrated on the mid-west oil boom. With 20,000 new jobs being created in 2014 as result of the oil extraction from the Bakken formation, it’s normal to expect construction equipment rental and portable storage companies to thrive. Especially with the infrastructure collapsing as it tries to support the construction traffic invading North Dakota. Excavators, dozers, backhoe tractors and dump truck rental listings are available at RentItToday.com.