WILLISTON, ND—The American boom in oil and gas production has transformed far more than the energy market. The boom has also swelled the population of towns such as Williston, ND and Hobbs, NM, among many others, and created the need for every imaginable type of real estate. JLL responded to this transformation by creating a special oil and gas practice about three years ago that helps people in real estate understand the rapid shifts occuring in the economy.

“The real estate industry was largely ignorant of what was going on in energy,” Bruce Rutherford, the Houston-based international director of JLL’s oil and gas practice, tells GlobeSt.com. As reported in GlobeSt.com last week, the firm recently published its 2014 North American Energy Outlook study, which predicted that $80 billion in annual investments over the next six years will pour into the new energy-producing regions, turning small outposts into genuine boom towns.

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