March 20, 2014 (www.investorideas.com newswire) The Bakken is one of North America’s largest oil-rich shale plays. Longer horizontal well bores and pad drilling have made production soar and increased prosperity in North Dakota.
North Dakota now ranks No. 2 among U.S. oil-producing states and the economic impacts are seen state-wide as they proudly boast the lowest unemployment rate in the country.
We invite you to use this infographic highlighting the trend. Here are a few facts seen in the infographic:
$24 Billion: Barrels of potentially recoverable resources in the Bakken.
70%: Of Bakken oil moves by rail tank car, giving crude-by-rail the leading role for getting Bakken production to market.
80% Jump: Use pad drilling as opposed to just 20% in 2012.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
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