Market Opportunity: Bakken Formation

024bBakkenformationRecent events in North Dakota have Riggers excited about new employment prospects. A well documented expansive oil field located there called the Bakken Formation has been heretofore uneconomical for resource recovery. However, new technological developments in the oil industry have made crude oil exaction here economically feasible and has opened up Rigger (as well as other) job opportunities in the remote western part of North Dakota and northeastern part of Montana.

What Happened-What Improvements?
Known for decades, the Bakken Formation is a huge oil reserve that is composed of thousands of hori- zontal “pockets” that exist one to two miles beneath the surface. With the recent advent of improved horizontal drilling techniques, recovery of this crude oil is now being realized.

024cHorizontalpockets

Why Is This Discovery Important To Riggers?
The Bakken Formation is said to contain far more crude oil than is presently known to reside in the Alaskan north slope. Because this is the largest new oil discovery in the continental United States in fifty years, a boom economy exists in North Dakota as a result of efforts to begin exploitation of this natural resource. Unemployment is virtually zero. It logically follows that this economic development indirectly bodes well for Riggers in construction by creating related heavy lifting and moving projects to support the expanding infrastructure the new oil recovery activities demand.

Where Exactly Are The Job Opportunities?
In addition to the indirect construction related rigging jobs associated with the expanding infrastruc- ture just mentioned, the typical rigging jobs associated with oil field operations are available all over the region. As one might expect, there exists many job openings for Riggers, linemen, welders, and pipefitters. In some instances paid training is being offered for those who do not have rigging experience. Positions ranging from worm (a totally inexperienced field hand) to riggers, derrick hands, and roughnecks are available.

What Are The Wages?
Because there are far more jobs than applicants, these Bakken Formation positions pay higher than normally would be expected. Some websites are reporting weekly salaries of $3,200† for work in what can be seasonally a cold, harsh climate.

Job Resource Information
Here are just a few of the websites that have information for job opportunities:

______________
†www.north-dakota-oil-jobs.com