The Oil & Energy industry in North Dakota has been a major contributor to the state's economy for several decades. The industry has experienced significant growth in recent years, thanks to the development of the Bakken Formation, which is one of the largest oil reserves in the United States. The Bakken Formation is located in western North Dakota and eastern Montana and covers an area of approximately 200,000 square miles. The Oil & Energy industry in North Dakota is primarily focused on the production of crude oil and natural gas. The state is currently the second-largest oil-producing state in the United States, behind only Texas. In 2020, North Dakota produced an average of 1.2 million barrels of oil per day, which accounted for approximately 12% of total U.S. oil production. The industry has had a significant impact on the state's economy, creating thousands of jobs and generating billions of dollars in revenue. The industry has also led to the development of new infrastructu...

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