The Grand Forks Herald is reporting the North Dakota athletic department is facing a $1.4 million budget deficit. Their president has ordered a review of the number of sports and conference affiliation, among other things. It will be interesting to see if UND starts looking for a better geographic fit (Missouri Valley?) for its programs.
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North Dakota budget woes
- Thread starter Skippy
- Start date
And remember North Dakota this year is offering 'full cost of attendance" scholarships for all athletes, the first in the Big Sky to do so. I was told this was in direct response to North Dakota State doing so.
With all their oil / gas / shale money pouring into that state I'm very surprised at this. I'd think money would be the last of their issues!
Remember to So. Dakota was supposed to join No. Dakota in the Big Sky, that was the original plan until So. Dakota got a last minute invite from the Missouri Valley Conference.
PBP
With all their oil / gas / shale money pouring into that state I'm very surprised at this. I'd think money would be the last of their issues!
Remember to So. Dakota was supposed to join No. Dakota in the Big Sky, that was the original plan until So. Dakota got a last minute invite from the Missouri Valley Conference.
PBP
boisebengal
Active member
PBP, I don't know about the rest of the state, but the oil boom in Williston, ND ended several months ago -- the price of oil is too low right now. Williston is definitely where most of the oil-related jobs were. I've got a few friends from here who went up there, made their money, and came back. But who knows, maybe another few years or so they'll have another boom and people can go up there and make some money.
A lot of the fracking industry is shutting down in this country because the price of oil and natural gas is so low it's no longer competitive. North Dakota has been hit hard by the retrenchment. There was a story on a North Dakota TV station web site that said North Dakota has lost 20,000 of its 85,000 oil industry jobs and a third of its wells have shut down.PBP said:
bengalcub
Active member
I moved from Idaho to Texas for a job. I am a regional sales manager for 12 locations in the Eagleford Shale and the Permian Basin and we have seen revenue declines of 60% in 2015 and another 60% in 2016. This is devastating to companies and families in these areas.
I am sure everyone remembers the housing crash. These areas did not even notice or feel that event. It was a very lucrative time here so it went largely unnoticed. When I lived in Idaho, I cheered low gas prices, folks in these areas do not like low gas prices at all. Low gas prices means a loss of jobs.
I would imagine that the Bakken's are suffering to the same degree as West and South Texas because of the price of oil. Much like Texas and North Dakota didn't feel the housing bubble pop, the rest of the US is only starting to realize what is going on in these areas of the country with regards to Oil and Gas.
If it continues much longer, you will hear of O&G service companies (this is already happening in large numbers) going out of business. Then the big boys may start to fall. At that point the rest of the country will probably start to really take notice because it will begin to be felt in the whole US economy.
I can only imagine the pinch that athletic programs are going to feel in these areas.
I am sure everyone remembers the housing crash. These areas did not even notice or feel that event. It was a very lucrative time here so it went largely unnoticed. When I lived in Idaho, I cheered low gas prices, folks in these areas do not like low gas prices at all. Low gas prices means a loss of jobs.
I would imagine that the Bakken's are suffering to the same degree as West and South Texas because of the price of oil. Much like Texas and North Dakota didn't feel the housing bubble pop, the rest of the US is only starting to realize what is going on in these areas of the country with regards to Oil and Gas.
If it continues much longer, you will hear of O&G service companies (this is already happening in large numbers) going out of business. Then the big boys may start to fall. At that point the rest of the country will probably start to really take notice because it will begin to be felt in the whole US economy.
I can only imagine the pinch that athletic programs are going to feel in these areas.
