N.Dakota Oil BOOM is Over

[whitetop]

I live right in the middle of Utica Marcelluss shale-Eastern Ohio and it's now a bust. Apartments for rent everywhere. RV parks are emptied out. 9 major hotels built in my town of 5000 people.

I know at least 10 people who quit decent jobs and were swooned to the $28-30 per hour oil field jobs and now they are laid off and local employers won't hire them back.

I know people who were getting $800-1000 per acre monthly royalty checks and now that has stopped. Problem is they went out and built mcmansions or hobby barns on their property and have no way to pay for it.