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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.
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 development of the region's Bakken formation has led to an oil boom economy and produced one of the lowest unemployment rates in the United States and renewed population growth in the state. [1] [2] Oil and gas is now the state's largest contributor to the economy, replacing the agricultural sector. [1] [3]
Oil and gas are key to the economy of North Dakota, where hydraulic fracturing and horizontal drilling began an oil boom in the late 2000s. State officials pegged a preliminary all-time high of ...
An estimate of oil and gas mineral rights owned by North Dakota pegs their value at $2.8 billion, an 18% increase from last year, according to an appraisal released Thursday to the state Land Board.
Bitter cold weather is causing a rash of spills in the oil fields of North Dakota as well as a slowdown in production, regulators say. More than 60 spills and other gas or oil environmental ...
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]
According to the North Dakota Department of Mineral Resources, the state produced 1,175,638 barrels of oil per day and 2,068,244 thousand cubic feet per day of associated gas in January.