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Oil Makes This State Great

The focus on unemployment in America has started to wane a bit; the rate has fallen from 7.9% at the beginning of 2013 to the current 7.5%. One state that has been doing its part to help lower this average is North Dakota. Thanks to the booming Williston Basin, and the Bakken Shale in particular, unemployment there is only 3.3% as of the end of March. This ranks it as the No. 1 state in the country for employment.

Citizens of North Dakota have also been blessed with the seventh ranked GPD per capita in the United States. When examining why, look no further than the 400% growth witnessed in the state's oil and gas industry since 2005. Tune in below to learn about four companies that have been instrumental in these advancements.

One that is worth a further look
Kodiak Oil & Gas is a dynamic growth story – it offers great opportunities, but with those opportunities come great risks. Before you hitch your horse to this carriage, let us help you with your due diligence. To find out whether Kodiak is currently a buy or a sell, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of updates and analysis as key news breaks. To get started simply click here now.

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Taylor Muckerman

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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