Visualizing the Decline of Oil Country in North Dakota
Data analytics firm Enigma has created a time lapse data visualization called Boom to Bust, illustrating the steady increase and then sharp decline of revenue from oil production in North Dakota from January 2006 to March 2016. The visualization plots individual oil wells as dots that change in size over time corresponding to their revenue from oil production, and users can click on individual wells to see a chart of its oil revenue. Boom to Bust also charts the relationship between oil revenue and statewide unemployment rates for the same period, demonstrating a relationship between higher oil production and lower unemployment rates. North Dakota’s oil production revenue steadily increased from 2006 until 2015, when increasing production but falling prices substantially reduced oil production revenue.