Halliburton Company (HAL), Continental Resources, Inc. (CLR) and Kodiak Oil & Gas Corp (USA) (KOG): Here’s How This State Quietly Became an Economic Powerhouse

If you’re interested in one of these high-paying jobs, you might have to find a home on the prairie, because Fargo, the state’s most populous city, sits in the southeastern part of the state, in one of the slowest-growing counties from an income perspective. The jobs, and the money, are out west, where the oil is plentiful.

America’s latest hot spot
As long as oil prices remain over $80 per barrel, the drilling boom should continue in North Dakota. The state has a plethora of resources, and explorers are expanding reserves all the time. As technology improves, even more of this oil and natural gas will become economically profitable to extract, keeping the economy of North Dakota red hot.

The article This State Quietly Became an Economic Powerhouse originally appeared on Fool.com is written by Travis Hoium.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Halliburton and Statoil.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.