America's premier state leads the country in "shovel-ready" jobs without any
stimulus taxpayer money:
"A lot of good news has been coming out of North Dakota recently. Most notably, the Bakken oil field has helped North Dakota buck the national economic slump by creating new jobs and tax revenues. Thanks to the Bakken, North Dakota has the lowest unemployment rate and fastest-growing economy in the nation (see chart above comparing job growth in North Dakota to the job shrinkage nationally since December 2007).
As the oil industry completes its infrastructure design phase and enters its full development phase in 2012 and 2013, there’s good news for residents, officials and community leaders in the oil communities experiencing this remarkable growth. Soon, nearly all of the infrastructure needed to develop the Bakken will be in place, and western North Dakota is settling into a period of steady growth.
We appreciate North Dakotans’ cooperation and patience in tackling the
challenge of infrastructure in the Bakken. Now that the area of the oil
field is defined, the objective going forward is to optimize production
and improve efficiency over the lifespan of the field, which is
projected to be longer than 30 years.
One of the great blessings of the Bakken is that it is being
developed with modern technology. Horizontal drilling and Continental
Resources’ EcoPad technology enable us to drill several wells from just
one drilling pad, significantly reducing our footprint in the field.
Yes, there will be thousands of new wells drilled in the Bakken, but
that drilling activity will be spread out over the next 30 years using
the most efficient and ecologically sound technology available.
addition to using advanced technologies, the oil and gas industry is
building permanent employee housing and installing new oil, gas and
water lines this summer and beyond to reduce truck traffic on the roads.
Through oil and gas taxes, the industry is also responsible for $1 out
of every $4 of state revenue. Due to the dramatic increase in tax
revenues, North Dakota is making unprecedented investments in
infrastructure in this region. Last year, the Legislature approved $1
billion in improvements, including the expansion of highways, water
treatment plants and sewer lines in oil and gas producing counties.
Dakota has been blessed with an abundance of natural resources,
including some of the richest agricultural land in the world and now the
nation’s largest oil field discovery in more than 40 years. Adding the
development of the Bakken to the arsenal of North Dakota’s resources has
made North Dakota the premier state in America, lessening our
dependence on foreign oil and, in fact, leading the way to achieving
North American Energy Independence in the next decade.
I believe the best of the Bakken for North Dakota is yet to come – it’s going to be a bright future in the Peace Garden State."
: It's not just shale oil that is making North Dakota's energy future look brighter and brighter, but the state's shale gas production is expected to increase nearly sixfold by 2025, making North Dakota a major player in the U.S. market, according to a report released Wednesday