Investing in Bakken Oil Production is Profitable
North Dakota is now the Nation's fourth largest oil-producing State—trailing only Texas, Alaska, and California—due mainly to Bakken production gains. According to the State's Department of Mineral Resources, total North Dakota oil production averaged 445 thousand barrels per day (bbl/d) in August 2011, up from an average of 344 thousand bbl/d at the end of 2010.
The Bakken has emerged in recent years as one of the most important sources of oil in the United States. Most new Bakken drilling and production has been in North Dakota, although the play also extends into Montana, Saskatchewan, and Manitoba.
As of 2013, the Bakken produced more than ten percent of all US oil production. In November 2013, the US Energy Information Administration projected that Bakken production in North Dakota and Montana would exceed one million barrels per day in December 2013
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