What if ND oil boom goes bust?

Pump jack
This Nov. 6, 2013 file photo shows a Whiting Petroleum Co. pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont.
Matthew Brown | AP file

For nearly a decade, the Bakken formation has produced record amounts of oil across North Dakota. The oil created a boom that brought people from across the country in search of high-paying jobs, and dramatically shaped small towns that suddenly had New York City-sized rents and more people than they new what to do with.

But in 2015, the boom has lost steam. Oil prices have dropped, as well as production. How is that affecting the broader economy in North Dakota?

Two reporters covering the area joined MPR News' Kerri Miller to discuss the issue.

Before you go...

MPR News is dedicated to bringing you clarity in coverage from our reporters across the state, stories that connect us, and conversations that provide perspectives when we need it most. We rely on your help to do this. Your donation has the power to keep MPR News strong and accessible to all during this crisis and beyond.