WSJ - In 2008, North Dakota produced 144,000 barrels of oil daily, ranked 8th in US. In March, 2012, ND pumped 575,490 bbls daily to take the # 2 spot ahead of Alaska (pumped 567,480 bbls daily. Texas pumped 1,700,000 bbls daily in February, 2012 for the # 1 spot). Oil production has skyrocketed in ND since hydraulic fracturing or fracking has tapped geologic shale for gas and oil.
ND has its Bakken shale which is triggering budget balances ahead of plan, motel rooms reserved years ahead, highways clogged with trucks and even restaurants with long lines of waiting customers. Happy days for the roughnecks but beware of boom days.
ND has its Bakken shale which is triggering budget balances ahead of plan, motel rooms reserved years ahead, highways clogged with trucks and even restaurants with long lines of waiting customers. Happy days for the roughnecks but beware of boom days.
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