Energy & Mining International - Fall/Winter 2012 - (Page 81)

FA L L / W I N T E R 2 0 1 2 THE WILLISTON BASIN/BAKKEN SHALE TOLLBERG HOMES E M I More Housing Needed Now North Dakota has a housing shortage rather than a surplus, and developers such as Tollberg Homes are helping to supply the demand. Vice President Greg Chadwick, President Wade Tollefson (center) and CFO Lee Dahlberg (right). help guide Tollberg Homes as it takes advantage of the housing shortage in North Dakota.. • Minot, N.D. “We saw an opportunity in North Dakota to take our knowledge and resources and put them to work in a growing economy.” // NATHAN JONES, COO [ BY JAMIE MORGAN ] Finding oil in the Bakken Shale isn’t an issue. Finding housing is a different story. Energy & Mining International has reported extensively on the oil and gas boom currently happening in North PROFILE Dakota, which is now the No. 2 oil-producing state in the country, surpassing Alaska and California and second only to Texas in production. Just as the state’s oil economy has seen a boom, so has its population. Producers Tollberg Homes. | Headquarters: Andover, Minn. Revenue: $16 to $18 million | Employees: 15 | Specialty: Residential development flooding the state are bringing hundreds of workers with them and drawing hundreds of others who are seeking employment in one of the few markets still hiring. It also has spurred a number of support industries to move operations to the state. The economic growth has been welcomed by the state, but the influx of workers begs the question of where will they all stay. “We are in Minot, N.D., which is not really in the heart of the drilling and oil market, but Minot is one of the cities that provides a lot of support and infrastructure for what’s happening in the oilfield and it has a really strong farm economy that over the last couple of years has contributed to economic growth in the area, as well,” explains Nathan Jones, COO of residential developer Tollberg Homes. “Because of all of this, the city of Minot only had a 1 percent apartment vacancy rate over a year ago before a flood that displaced a quarter of the residents.” The news of North Dakota’s housing shortage was heard eight hours away in Minnesota, which is where Tollberg Homes originated. Though the Twin 81

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012