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Night view of H&P drilling the Bakken. The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of the Parshall Oil Field in 2006, and peaked in 2012, [1] [2] but with substantially less growth noted since 2015 due to a global decline in oil prices.
The Bakken Shale - a vast formation underlying parts of North Dakota, Montana, and South Dakota - has taken the U.S. by storm. Counties in North Dakota that were previously as quiet as a graveyard ...
Between the years of 2009 and 2013, there were more than 9,000 injury claims related to the oil and gas industry filed with North Dakota's Workforce Safety & Insurance Agency. Between 2011 and 2015, at least 40 workers died as a result of their industries in North Dakota's oil and gas fields. [67]
The Parshall Oil Field is an oil field producing from the Bakken Formation and Three Forks Formation near the town of Parshall, in Mountrail County, North Dakota. The field is in the Williston Basin. The field was discovered in 2006 by Michael Johnson and sold the play to EOG Resources, which drilled, and now operates, most of the wells. [1]
Prior to the Dakota Access Pipeline, light sweet crude oil from the Bakken Formation was transported mainly by rail during the North Dakota oil boom. [ 4 ] [ 5 ] Extraction from the area increased from 309,000 barrels a day in 2010 to more than 1 million in 2014, with insufficient pipeline infrastructure to transport the increased extraction. [ 5 ]
The majority of the company's current operations support the oil, gas, and mining industries. The bulk of its activity is in North Dakota, as a result of the North Dakota oil boom from the Bakken Formation. In addition to its North Dakota properties, Target Hospitality operates a number of properties in Texas, as well as in Arizona and Mexico. [8]
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