We are really barreling ahead (no pun intended), likely largely due to Bakken Formation production.
The state is in a boom, thanks to a major oil find called the Bakken reserve.
Independent players active in the Bakken include Musket Corp, Lario Logistics and U.S. Development Group.
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Mitchell's provides services in the Bakken shale oil and gas fields of North Dakota and Montana.
The oldest operating theme park in the world, Bakken, opened in 1583, just outside Copenhagen in Bakken, Denmark.
Put together, Bakken and Alaska equal about 13 months supply for the US alone.
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He says the Bakken has a layer of nearly impermeable shale that sits above the oil-bearing reservoirs.
He has also put his oil fields in the Bakken Shale region of North Dakota up for sale.
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On the liquids front, Chesapeake still has big chunks of the Eagle Ford, Bakken, Utica and Marcellus shales.
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As one of the biggest players in the Bakken, Continental should demonstrate leadership in tackling this important problem.
For example, localized areas within the Bakken region expect energy demand to double in the next five years.
Well, a lot of it came from the Bakken Range in North Dakota.
The Daily Reckoning has published articles on the impact of quantitative easing, bakken oil, and hyperinflation.
This has encouraged gas producers to scurry after oil in liquid-rich shale beds such as the Bakken in North Dakota.
The Bakken formation is a 25, 000 square mile chunk of rock that underlies parts of North Dakota, Montana and Saskatchewan.
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The unemployment rate in North Dakota, home of much of the Bakken shale reserves, is a stunningly low 3.1%.
The Bakken is just the biggest of spots across the country where drillers have triggered an onshore oil and gas boom.
The article mentions that Oneok Partners had called off plans to build a Bakken pipeline for lack of interest from drillers.
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Wood Mackenzie, a respected global compiler of oil and gas data, estimates the Bakken reserves are more like 9 billion bbl.
The company sends 90% of its Bakken volumes over rail, most of it on Burlington Northern Santa Fe, owned by Berkshire Hathaway.
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Reference the Marcellus Shale, The Bakken Shale, The Huron Shale, The Eagleford Shale and the Barnett Shale just to name a few.
Bakken crude is a sweet, light crude that typically has a gravity of 40 to 42 degrees, ideal for most U.S. refineries.
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The amount of oil flowing out of the Bakken has soared from 100, 000 bpd in 2006 to more than 550, 000 bpd now.
When Mr. Bakken turned 50 in 1987, he began receiving form 1099-R.
Not surprisingly, Bakken fracking has active critics who object that the process utilizes diesel fuel and solvents that can cause environmental harm.
Enerplus is active in both the Bakken and Marcellus Shales in the United States, in addition to many long-lived Western Canadian assets.
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In the last quarter Continental reported blistering growth in the Bakken, with production surpassing 100, 000 bpd, up 76% in a year.
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In energy rich areas like the Bakken field in North Dakota and the Marcellus shale in Pennsylvania, employment growth has been very robust.
Within a few years the Bakken and other shale beds could be producing up to 3m barrels of oil a day, reckon optimists.
Besides the Bakken and Barnett regions, the other major shale fields include the Fayetteville, Haynesville, Marcellus, Utica, Anadarko Woodford and Eagle Ford regions.
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