Bakken Investment Conference - KXNet - Bismarck/Minot/Williston/Dickinson

Bakken Investment Conference

The Bakken has moved from being a boom into a full fledged industry in North Dakota.

The solid prospects of the long-term oil play in the state are drawing investors from across the country in a wide variety of business sectors.

Many of those have been represented in Minot over past two days at the Bakken Investor Conference.

The conference is geared towards oil and gas companies, energy service businesses, and real estate.

Housing, business and commercial development is drawing more than a billion dollars to the state alone and companies like CP Reality of Denver Colorado.

CP Reality is working on a 150 million dollar housing project in Williston right now called Harvest Hills and is using the Conference to introduce it to investors.

(Mike Anderson, CP Reality) "We saw an opportunity, our subdivision is entirely residential, we heard the calls by all the local community officials and leaders that housing is needed and through our market research and leveraging our equity partner and our connection to the oil and gas industry we really feel strongly that the housing is a critical step, you can see the high rents in the area that housing is needed to help stabilize that especially affordable housing."

Anderson says affordable housing is one of several key components to keeping the Bakken Industry thriving while helping local residents maintain their quality of life.

The Bakken Investor Conference wraps up today in Minot.