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.

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