Bakken Building - KXNet - Bismarck/Minot/Williston/Dickinson

Bakken Building

Opportunity and Investment in the Bakken Oil Industry is drawing in companies and corporations from around the country.

However, neighboring states that don't have the oil activity are also playing a larger role in the development.
Hegg Companies from Sioux Falls, South Dakota has planted itself in western North Dakota to help develop commercial and housing property.
Paul Hegg with Hegg Companies says the oil play in western North Dakota is the fastest growing and biggest opportunity in the United States today.
He says being from a rural neighboring state helps Hegg better understand the needs within the area.

(Paul Hegg, Hegg Companies Inc.) "Everything is a unique challenge.  When you take communities that are having infrastructure to sustain the size they currently are and you in an double the size of those communities in a short amount of time and every need is not met for those individuals.  We had an individuals come to a conference on the Bakken in Sioux Falls from North Dakota and the first question was where can I get a haircut because people can't even get hair cuts in ND in the Bakken.  All of those needs to be met and that's where we see opportunity."

Hegg says the largest risk factor when it comes to assessing the threat of the oil play shutting down is government regulation.
He says the Bakken will continue to be successful as long as Hydraulic Fracturing is allowed to continue.