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.
Thursday, February 20 2014 7:42 PM EST2014-02-21 00:42:09 GMT
Behind the glory of football there are the scars and bruises. Some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides inMore >>
Behind the glory of football there are the scars and bruises, some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides in research are happening on South Dakota's fields.More >>
Sunday, March 9 2014 11:45 PM EDT2014-03-10 03:45:40 GMT
Colon and colorectal cancers are the third most common cancer diagnosis in the United States, attacking thousands of men and women every single year. One of those is Katherine 'Kitty' Kocevar. Like mostMore >>
Colon and colorectal cancers are the third most common cancer diagnosis in the United States, attacking thousands of men and women every single year. One of those is Katherine 'Kitty' Kocevar.More >>
Sunday, March 9 2014 11:26 PM EDT2014-03-10 03:26:14 GMT
The Summit League Tournament is in its second day at the Sioux Falls arena, and people are packing the place. The tournament has set records for attendance all six years it has been in Sioux Falls. LuckilyMore >>
The Summit League Tournament is in its second day at the Sioux Falls arena, and people are packing the place. The tournament has set records for attendence all six years it has been in Sioux Falls.More >>
Sunday, March 9 2014 9:42 PM EDT2014-03-10 01:42:11 GMT
The situation in Ukraine is escalating. Next Sunday Crimea will hold a referendum to see if the people want to become part of Russia. University of Sioux Falls Professor Dr. Kermit Staggers said heMore >>
Next Sunday Crimea will hold a referendum to see if the people want to become part of Russia.More >>
Sunday, March 9 2014 2:55 PM EDT2014-03-09 18:55:49 GMT
WASHINGTON (AP) - A sure sign that spring is on the horizon: daylight saving time has arrived. Most Americans pushed the clock forward by 60 minutes before heading to bed Saturday night, but daylightMore >>
A sure sign that spring is on the horizon: daylight saving time has arrived.More >>
Sunday, March 9 2014 2:51 PM EDT2014-03-09 18:51:13 GMT
A Chinese restaurant in Worthington sustained significant damage after a fire broke out, early Saturday morning. The Worthington Fire Department responded to King Wok, formerly known as Michael's Steakhouse,More >>
A Chinese restaurant in Worthington sustained significant damage after a fire broke out, early Saturday morning.More >>
Saturday, March 8 2014 8:17 PM EST2014-03-09 01:17:06 GMT
ST. PAUL — The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), St. Paul Field Division Special Agent in Charge Scott D. Sweetow today announced a reward of up to $5,000 for information leadingMore >>
There is a $5,000 reward for information leading to the arrest of the suspect(s) responsible for the arson fire to the Colonial Inn Motel, in Yankton.More >>
Saturday, March 8 2014 8:05 PM EST2014-03-09 01:05:09 GMT
Despite a warm-up on the way in our forecast, taking a dip into water outside may be the last thing on our minds. In Huron, Saturday, if it was for a good cause, it was hard to say no. More than 200More >>
Brave souls plunged into icy cold water in Huron, Saturday, for a good cause. More >>