Correct the Tax payers built it.North Dakota's oil production has increased 600%, there are now 8,400 active wells in the state. Each well requires about 2,000 truck trips in its first year of operation. On the highway running through the area, traffic has leapt from 1,500 cars a day to 14,000, and roads are being expanded by the state from two to six lanes. Now, who again is building and paying for the infrastructure thats right folks they didnt built that the taxpayer did! The local fast-food franchises are struggling to find employees, so theyre offering $16 an hour and signing bonuses of $300. Local strippers claim they can make $3,000 in tips per night. And average weekly wages are up 50% since 2009. The number of taxpayers reporting over $1 million income in North Dakota has nearly tripled from selling mineral rights to oil companies.
The greatest Bakken oil production comes from Elm Coulee Oil Field, Richland County, Montana, where production began in 2000 and is expected to ultimately total 270 million barrels (43,000,000 m3). In 2007, production from Elm Coulee averaged 53,000 barrels per day (8,400 m3/d) more than the entire state of Montana a few years earlier.
New interest developed in 2006 when EOG Resources of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota was anticipated to produce 700,000 barrels (110,000 m3) of oil. The Parshall Oil Field discovery, combined with other factors, including an oil-drilling tax break enacted by the state of North Dakota in 2007, shifted attention in the Bakken from Montana to the North Dakota side. The number of wells drilled in the North Dakota Bakken jumped from 300 in 2006 to 457 in 2007. Those same sources show oil production in the North Dakota Bakken increasing 229%, from 2.2 million barrels (350,000 m3) in 2006 to 7.4 million barrels (1,180,000 m3) in 2007.
The Bakken formation /ˈbɑH 0;kən/ is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initially described by geologist J.W. Nordquist in 1953. The formation is entirely in the subsurface, and has no surface outcrop. It is named after Henry Bakken, a farmer in Tioga, North Dakota who owned the land where the formation was initially discovered, in a boring for oil.