Bakken Benefits
ADVANCING THE POSSIBILITIES
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$32.6 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 more than $32 billion to North Dakota’s economy and supporting more than 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
$288.3 million collected for the schools trust fund
$2 BILLION IN TAX REVENUES
Funding Our Priorities
Oil and gas severance and extraction taxes make up more than 50% 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 NOW THE WORLD’S LARGEST OIL AND NATURAL GAS PRODUCER.
1.25 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.