Looking to expand business near North Dakota oil fields - KSFY News - Sioux Falls, SD News, Weather, Sports

Looking to expand business near North Dakota oil fields

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It is an oil boom happening north of our border and many call it one of the biggest explosions of economic development in our lifetime.

The NW part of North Dakota is where you'll find the Bakken oil fields near small towns like Williston and Dickinson.

Bakken is the oil formation that has led to ND's oil boom.

Monday, leaders met in Sioux Falls to brainstorm ways to invest and develop the surrounding communities.

With towns nearly doubling in size, the Bakken oil boom in ND has introduced endless new opportunities to invest, buy and sell.

The Hegg Companies-sponsored event was held at the Hilton Garden Inn, Monday, and brought upwards of 200 people from Sioux Falls and surrounding areas.

Alan Naspinski is new to Sioux Falls having just moved with his family from North Carolina a few months ago. His steel business, RDK Enterprises, brought him here which he's looking to expand.

As he explains, the Bakken and Williston Conference and North Dakota's oil boom is his chance to do just that.

"It was almost like a Godsend, when I came to this conference, I didn't know what to expect," Alan Naspinski said.

He owns steel service centers where he buys, imports and sells all types of steel for his customers, nationwide.

"For me, in the steel business, I see an opportunity not only in steel but in real estate. What I'm hoping to do is take the steel business, grow that and get involved in real estate not only in this area but also in the Bakken," Alan Naspinski said.

He knows business would be booming, just like the oil, in North Dakota because his materials would be used to actually drill the oil.

"Some of my customers make collars for drilling rigs. They make the drilling apparatus, drilling components. You hear them talking about drilling two miles down, that requires a lot of steel," Naspinski said.

And when it comes to economic development in towns surrounded by oil fields, director Tom Rolfstad says the best time to invest is now.

"Many companies throughout the region can benefit from this and can help us and make a buck for themselves creating jobs right in your own backyard if not bringing some of your companies into our community," Williston Economic Development director Tom Rolfstad said.

And Naspinski says he's more than ready to be part of it.

"They're hitting targets for me, I'm excited for the potential of bringing new jobs here, opening a plant here, supporting this area as well as the Bakken from South Dakota, that's my real goal," Naspinski said. "I need to go up there, I will go up there and I plan to do it. I've been planning on it for awhile and this has solidified this."

Towns near the oil fields have more than doubled in size from 2,000 to more than 10 or 15,000. Experts say there's as much as 20 billion barrels of oil in North Dakota which equals about 30 more years of work.

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