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Saturday, April 11, 2015

Bakken Boom and Bakken Bust and Bakken Boom Again



There are over 15,000 wells actively pumping water and oil in North Dakota...water hauling jobs are still plentiful in the land of milk and honey...

It's true that there has been a slow down in the fracking sector which has resulted in a loss of fresh water hauling jobs, but there is still fresh and flowback water to haul...production water isn't going away and companies that are contracted to haul it are the ones you want to work for.

In my ebook I explain why, but the short of it is that production water, just like oil is consistent. Nobody really knows when the price of oil will come back up, but now is the time to get in before everything gets tied up. The Bakken boomed so fast that most of us who experienced it are just now catching out breath.

The micro-bust is weeding out the dumb companies from the smart ones who stored up during the years of plenty. Many oil companies hedged themselves against the future and are still getting high prices for their oil regardless. This foresight is blessing the trucking companies that service their wells.

High overhead-burdened and over-leveraged companies are suffering the most, but the Bakken loves us and we love her and there are still water hauling companies offering high-paying jobs to those who want to get paid for their driving talents.

There is a common thread woven through all of the conversations I have had with the old-timers who have been through the ups and downs over the past quarter-century and the thread is this: "It'll come back, it always does".

What does that mean for all of those wondering if they should take a water hauling job in the Bakken? It means that now is the time to position yourself for what lies ahead. Companies are always looking for topnotch drivers and are willing to pay them accordingly. If you were smart enough to put some money away during the good times, you'll be ready when she booms again.

If you're still one of those sorry drivers still making below $20/hr back home, then North Dakota is still your salvation. Housing is still ridiculously expensive, but find a company that let's you live in the truck during your shift and problem solved...more on that in the ebook.

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