Since the 1950’s, North Dakota has drilled more than 4 billion barrels of oil, making it one of the largest producers in the nation. Drillers struck oil on April 4, 1951 and changed the state’s economy forever. Production continued and looked as though it would peak in the early 1980’s until the discovery of horizontal drilling and hydraulic fracturing, also known as “fracking”. This secured North Dakota’s spot among the top oil and gas producers in the country.
Horizontal drilling and fracking began in the Bakken Shale formation, a rich natural oil and gas play. Covering the western region of North Dakota, northeastern Montana and two Canadian Providences, the Bakken Shale is the largest continuous crude oil accumulation in the United States. The Bakken Shale formation and Three Forks formation produce more than 1.4 million barrels of oil per day and are expected to grow in the upcoming years. The North Dakota oil boom not only increased job growth, giving the state the lowest unemployment rate in the country, but it also increased capital for mineral rights owners. Mineral rights owners have been given a new window of opportunity to profit from their ownership.
If you're looking to sell your mineral rights in North Dakota, Royalty Clearinghouse is an expert in acquisitions of oil and gas in the state. Over the years, we have purchased and managed mineral interests all over the state of North Dakota. Some of the counties we focus on are listed below.
The Bakken formation occupies over 200,000 square miles of the Williston Basin in North Dakota, Montana, Saskatchewan, and Manitoba. Horizontal drilling and hydraulic fracturing technologies have made this a valuable producing formation.