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The Saudis crushed the price of oil, which had the effect of crushing the Bakken boom. But oil is back up a little. The the Bakken seem to be coming back? What's going on out there?
Is it booming like 2011? No. However there are again more jobs than people. The current price of oil is enough for companies to turn a profit. When the Saudi's tried to bury shale oil they failed. Companies cut costs and learned how to incorporate more savings which led to the price not needing to be even close to $100 for them to make money. Saudi tried to take us out, and they failed.
I think if you're looking for some money and a job this isn't a bad prospect. You're not going to come up here and make $180k like you used to, but you can still reach a higher than average income here - typically in the $100k range if you're just starting.
However I would no longer recommend oil as a long term career plan. The world is moving away from fossil fuels. It's a way to make money now.
Personally I’d avoid NM as anytime there’s a drop that’s the first place to shut down.
Good point
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