Bakken Benefits
ADVANCING THE POSSIBILITIES
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$42.6 BILLION IN ECONOMIC IMPACT
Fueling the Economy & Job Creation
The oil and gas industry is one of the largest single basic-sector industries in the state, contributing $42.6 billion to North Dakota’s economy and supporting nearly 50,000 jobs annually. This economic impact permeates into every industry in North Dakota, ranging from agriculture to professional and social services.
50,000+ jobs SUPPORTED BY OIL AND GAS
More than $1 billion collected for education since 2008
$3.4 BILLION IN STATE TAX REVENUES
Funding Our Priorities
Oil and gas severance and extraction taxes make up more than 54% of North Dakota’s tax revenues. These tax dollars, along with royalties and leasing bonuses, fund projects and advance possibilities across the state.
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$80,000 Raised
Conservation & Habitat
With new technology and practices focused on environmental stewardship, North Dakota is leading the way in sustainable development, ensuring continued economic growth, while also protecting our state.
$23 BILLION IN INFRASTRUCTURE
Fueling the Economy & Job Creation
We want new efficiencies in the way we produce and use our abundant energy resources. Working together, North Dakota’s universities and the industry are ushering in a new age of innovation and invention, and companies like Crusoe Energy Services are using natural gas from wellheads to power super-computers in the Bakken.
INNOVATION IS ADVANCING SMARTER, CLEANER ENERGY DEVELOPMENT
THE U.S. IS A TOP OIL AND NATURAL GAS PRODUCER.
1.07 MILLION BARRELS PER DAY
Enhancing National Energy Security
North Dakota is the nation’s third-largest oil producer, and oil and natural gas found right here in the Williston Basin is getting us closer to energy independence and enhancing our nation’s energy and national security.