Drilling in North Dakota began in the 1950’s, and has become one of the largest producers with more than 1.3 billion barrels produced thus far. Upon the development of fracking, North Dakota secured it’s spot amongst the top oil and gas producers in the United States.
The Bakken Shale and Three Forks Formation
The Bakken Shale is a rich natural oil and gas play that covers the western region of North Dakota and is the largest continuous crude oil formation in the country. It has been estimated that this and its underlying Three Forks formations combined hold around a total 24 billion barrels of crude oil. The oil boom has not only resulted in an dramatic increase in jobs, but is also terrific news for mineral right owners. This has created a great window of opportunity to profit from this boom through selling their North Dakota oil and mineral rights. CP Royalties can help make this process painless and quick.