Recent geologic surveys reveal that North Dakota hosts at least 10.5 billion gallons of undeveloped oil in the middle Three Forks reservoir, worth approximately $18.6 billion. The Bakken Petroleum System, crucial to U.S. oil production, generates 474.5 million barrels annually, with the state's production at 1.2 million barrels a day. Governor Kelly Armstrong emphasizes the potential for increased extraction, which could significantly bolster the local economy and contribute to U.S. energy independence. Experts advocate for expanding drilling efforts, citing substantial untapped resources.
'North Dakota's untapped oil reserves can play a major role in the United States becoming not only energy independent but energy dominant.'
'There have been about 20 wells drilled in this middle Three Forks unit per year for the last six years, but it probably should be double to triple that.'
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