DRILLING MIDLAND: There’s No Place Like Home
Our report on the booming oil and gas industry in the Permian Basin continues with the story of a business owner who left Louisiana. He says it's the best business climate he's ever seen. Ralph McIngvale can't build units fast enough to keep up with the demand.
A recent survey by Rent Cafe showed Midland had the highest year-over-year jump in the cost of housing. That number: a whopping 31.9 percent. That is due in major part to the scarcity of housing for all the new workers in the area. A quick tour of the property shows that it's a community. It's not bad for someone living away from family.
Watch our full sit-down interview with Ralph McIngvale below.
You can watch the full Drilling Midland series at KPEL965.com.
Episode 1: Welcome to Midland
Search "Drilling Midland" Drilling Midland is presented by Ardco Equipment. Travel consideration is provided by Cetera Advisor Chris Quebedeau and A&P Electric Service.