
Industry analysts expect the Bakken to add as many as 60,000 additional wells and operate for more than a century. Investors can find opportunities with companies that grow and innovate the industry.
In 2014, jobs in long-term production exceeded 50 percent for the first time since the boom began. Production jobs remain relatively stable in downturns and their numbers will continue to grow for decades, growing western North Dakota’s population, school enrollment, and demand for traditional retail and service offerings.
Jamieson Capital’s Natural Resource Fund offers potential for high-returns from unique investments in minerals, leases, and non-op interests in the Bakken, a world-renowned oil formation.
New innovations in drilling technology allow operators in the Bakken to take full advantage of the formation. These technologies allow for cheaper and more efficient oil extraction which saves money and time. The Bakken’s potential can be fully realized, which means higher prosperity for all interests involved directly or indirectly in a range of industries.
Horizontal drilling has opened up shale formations like the Bakken for exploration. Shale rock has many small, vertical fractures. Drilling horizontally reaches more of the natural cracks in the rock where the oil and gas are. Drilling horizontally exponentially increases the area that can be accessed for a fraction of the land used, decreasing the surface impact while resulting in significantly greater economic production.
Shale rock naturally has small fractures in it, but they are too small for oil to flow to these areas. To open these cracks, well operators pump water and sand into the well under high pressure to crack the rock whereby the sand fills the small cracks and props them open for the oil to escape. This process happens 10,000+ feet below the surface with as many as five layers of cement and steel lining the well to protect groundwater.
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