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Oil Makes This State Great

By Taylor Muckerman – May 16, 2013 at 2:47PM

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Unconventional drilling has taken the reigns in North Dakota and has been driving notable growth.

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.

Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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