Forbes Ranks North Dakota 2nd for Business and Credits the Bakken - Video

Forbes has ranked the state of North Dakota second for business. The study credits the Bakken Shale for North Dakota's promising economic metrics. When looking at the economy alone, North Dakota tops the list. The state can boast about the following annual averages over the past five years: 3.7% job growth, 3.8% income growth, 7.9% gross state product growth, and 3.6% unemployment (just 2.7% today).

Forbes says “Credit the development of the Bakken oil shale fields in the western part of the state for much of that growth...

The study looks at six important factors:

  • Costs
  • Labor supply
  • Regulatory environments
  • Current economic climate
  • Growth prospects
  • Quality of life

My guess is "Labor Supply" is the only thing keeping North Dakota from being #1!

See the top 25 states for business at

North Dakota Rig Count Sets Record at 204 - November 2011

The North Dakota rig count reached an all time record on November 19, 2011, when the ND Oil & Gas Division announced there were 204 active rigs working in the state. The overwhelming majority of rigs are targeting the Bakken and Three Forks formations. With oil prices holding strong and gas prices dropping through the fall, I expect we'll potentially shoot through this record when a few gas directed rigs head our way.