As oil companies have gravitated to the area, their staff have begun to make up an increasingly high percentage of the population. In fact, male oil workers are responsible for making North Dakota the state with the second largest male population in the country. Alaska is number one. Unsurprisingly, all this new activity and all these new temporary (and sometimes permanent) citizens are changing the landscape across North Dakota. The rural, quiet state of yesteryear is no longer a reality. Now it’s a bustling assortment of boom towns full of newly wealthy citizens. Things are growing. Things are changing quickly.
Take a closer look at how the Bakken oil boom has already reshaped North Dakota and where it’s going next by reading down the graphic below.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
The Great American Oil Boom