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- North_Dakota_oil_boom abstract "The North Dakota oil boom refers to the still ongoing period of rapidly expanding oil extraction from the Bakken formation in the state of North Dakota that followed the discovery of Parshall Oil Field in 2006, and grew tremendously through 2012, but with substantially less growth noted in 2015 due to a global decline in oil prices. Despite the Great Recession, the oil boom resulted in enough jobs to provide North Dakota with the lowest unemployment rate in the United States. The boom has given the state of North Dakota, a state with a 2013 population of about 725,000, a billion-dollar budget surplus. North Dakota, which ranked 38th in per capita gross domestic product (GDP) in 2001, rose steadily with the Bakken boom, and now has per capita GDP 29% above the national average.There are three reasons for the oil boom, not just in North Dakota but in America: the recent discoveries of shale gas reserves in the United States initiatives to seek independence from unstable energy sources, such as Venezuela and nations in the Middle East the successful use of horizontal drilling and hydraulic fracturing, which have made energy deposits recoverableThe leases expire after their primary term, commonly three to five years, unless the lessee oil company drills and starts producing, in which case the leases continue as long as oil and gas are continually produced. Expiring leases result in a push to commence drilling and production on as many as possible before they expire.".
- North_Dakota_oil_boom thumbnail Night_view_of_the_H&P_drilling_the_Bakken.jpg?width=300.
- North_Dakota_oil_boom wikiPageID "35527459".
- North_Dakota_oil_boom wikiPageLength "12766".
- North_Dakota_oil_boom wikiPageOutDegree "35".
- North_Dakota_oil_boom wikiPageRevisionID "706814067".
- North_Dakota_oil_boom wikiPageWikiLink Baker_Hughes.
- North_Dakota_oil_boom wikiPageWikiLink Bakken_Formation.
- North_Dakota_oil_boom wikiPageWikiLink Blood_&_Oil.
- North_Dakota_oil_boom wikiPageWikiLink Category:2006_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2007_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2008_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2009_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2010_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2011_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2012_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:2013_in_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:Economy_of_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Category:Oil_booms.
- North_Dakota_oil_boom wikiPageWikiLink Directional_drilling.
- North_Dakota_oil_boom wikiPageWikiLink Great_Recession.
- North_Dakota_oil_boom wikiPageWikiLink Gross_domestic_product.
- North_Dakota_oil_boom wikiPageWikiLink Hydraulic_fracturing.
- North_Dakota_oil_boom wikiPageWikiLink List_of_U.S._states_by_unemployment_rate.
- North_Dakota_oil_boom wikiPageWikiLink Marcellus_natural_gas_trend.
- North_Dakota_oil_boom wikiPageWikiLink Middle_East.
- North_Dakota_oil_boom wikiPageWikiLink Mountrail_County,_North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink North_Dakota.
- North_Dakota_oil_boom wikiPageWikiLink Parshall_Oil_Field.
- North_Dakota_oil_boom wikiPageWikiLink Peak_oil.
- North_Dakota_oil_boom wikiPageWikiLink Shale_gas.
- North_Dakota_oil_boom wikiPageWikiLink The_Overnighters.
- North_Dakota_oil_boom wikiPageWikiLink Venezuela.
- North_Dakota_oil_boom wikiPageWikiLink White_Earth_(film).
- North_Dakota_oil_boom wikiPageWikiLink File:Drilling_the_Bakken_formation_in_the_Williston_Basin.jpg.
- North_Dakota_oil_boom wikiPageWikiLink File:Halliburton_preparing_to_Frack_the_Bakken.JPG.
- North_Dakota_oil_boom wikiPageWikiLink File:Helmerich_&_Payne_Flex_Rig_drilling_the_Bakken.jpg.
- North_Dakota_oil_boom wikiPageWikiLink File:Night_view_of_the_H&P_drilling_the_Bakken.jpg.
- North_Dakota_oil_boom wikiPageWikiLink File:Oilrig_USA_weekly.svg.
- North_Dakota_oil_boom wikiPageWikiLink File:The_Jim_Bridger_Building,_Shops_&_Offices_for_lease_in_Williston_North_Dakota_USA.jpg.
- North_Dakota_oil_boom wikiPageWikiLinkText "North Dakota Bakken oil".
- North_Dakota_oil_boom wikiPageWikiLinkText "North Dakota oil boom".
- North_Dakota_oil_boom wikiPageWikiLinkText "a boom".
- North_Dakota_oil_boom wikiPageWikiLinkText "a production boom".
- North_Dakota_oil_boom wikiPageWikiLinkText "oil boom".
- North_Dakota_oil_boom wikiPageWikiLinkText "oil discovery".
- North_Dakota_oil_boom wikiPageUsesTemplate Template:Reflist.
- North_Dakota_oil_boom wikiPageUsesTemplate Template:Update.
- North_Dakota_oil_boom subject Category:2006_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2007_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2008_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2009_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2010_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2011_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2012_in_North_Dakota.
- North_Dakota_oil_boom subject Category:2013_in_North_Dakota.
- North_Dakota_oil_boom subject Category:Economy_of_North_Dakota.
- North_Dakota_oil_boom subject Category:Oil_booms.
- North_Dakota_oil_boom comment "The North Dakota oil boom refers to the still ongoing period of rapidly expanding oil extraction from the Bakken formation in the state of North Dakota that followed the discovery of Parshall Oil Field in 2006, and grew tremendously through 2012, but with substantially less growth noted in 2015 due to a global decline in oil prices. Despite the Great Recession, the oil boom resulted in enough jobs to provide North Dakota with the lowest unemployment rate in the United States.".
- North_Dakota_oil_boom label "North Dakota oil boom".
- North_Dakota_oil_boom sameAs Q16958771.
- North_Dakota_oil_boom sameAs m.0j9mw_f.
- North_Dakota_oil_boom sameAs Q16958771.
- North_Dakota_oil_boom wasDerivedFrom North_Dakota_oil_boom?oldid=706814067.
- North_Dakota_oil_boom depiction Night_view_of_the_H&P_drilling_the_Bakken.jpg.
- North_Dakota_oil_boom isPrimaryTopicOf North_Dakota_oil_boom.