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KKR is building a massive development in Williston. I posted it here a couple weeks ago.
It will be interesting to watch. Will be the first time I seen permanent growth in an Oil Patch. What I've seen in the past is the development occurs 100 miles or more from the oil field.
From a Nov 12 Newscast
Quote:
private equity firm kkr plans to develop housing in williston, north dakota. joining us to discuss is ralph rosenberg, kkr's global head and tom rolfston.
The story about employee's being flown in to work at Menard's is interesting, but definately not a first or unusual for the Bakken. Williston has daily charter flights that bring workers in and out to work at many of the oil service companies. For the same reason, not enough workers to fill the jobs. Williston Wal-mart also has a shuttle bus that shuttles workers from the smaller communities in eastern MT over to Williston. So Interesting? Yes. Unusual, Not really.
The main reason is they don't pay enough for you to live on. They are looking for college students that would be willing to work for minimal pay, minimal benefits, but lots of hours.
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