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New Millionaires Details
New Millionaires
Farmers and Ranchers that have lived quietly in their cozy small towns, are "New Millionaires". Those with "mineral acres" are now getting monthly checks with printed dollar amounts they once only dreamed of. Tonight, as we continue our "Running With Oil" series, Reporter Kevin Wallevand take us to Stanley, where oil fever has become infectious. < It’s an early morning in the oil fields. Another sunny, hot day in the patch. And not far from Stanley, the pumps are churning and turning out oil. NAT HORSES Not far from town, the Lystads and their horses make for a picture perfect summer day on the farm. Quietly, not that far from here, their oil pumping rigs and the oil boom here are changing their lives. I have heard it is one of the biggest oil finds in the lower 48 in the last 50 years and I have heard it is one of the biggest oil finds ever. Larry Lystad and his wife Grace are, along with siblings, sharing in the dollars rolling out of pumps where they own mineral acres. Land Grace's family homesteaded when they came from Norway years ago. Kind of a blessing. We did not work that hard. It was our parents because they worked the land and the depression and the dirty thirties. While Larry and Grace enjoyed the comfort and quiet of their lifestyle here in western north Dakota before oil, a lot of things have changed. Their bank account is different as is the landscape of their nearby farmfields. The Lystads are not about to go on a lavish spending spree Larry-If I had won the lottery at age 25 I would have gotten in trouble that is a feeling I have. Or travels around the world... Grace-We like what we do and we are happy where we are so why change. Probably fix up the place, but nothing too nutso. And there is an unwritten rule here on the ranches and farms that surround the oil patch. Neighbors don't get too nosey. Want to know what those oil checks look like?? Larry-Nobody has ever asked us that. Grace-It's nobody's business. I am not going to ask my neighbor wh...
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ClipSyndicate
Video Length:
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Date Found:
Mon, Aug 23 2010 2:32 AM
Category:
News
Date Produced:
Sun, Aug 22 2010 1:06 PM
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