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January’s oil production saw a slight dip, North Dakota’s energy sector appears to be maintaining a steady course, according to the latest Director’s Cut meeting from the Department of Mineral Resources (DMR).
House Bill 1483, which would expand an oil extraction tax exemption outside the Bakken and Three Forks formations.
Have you ever heard of the “Three Forks Play”? There’s a reservoir that lies in The Bakken shale, that according to researchers contains 250 million barrels of crude that has yet to be untapped. Apparently it’s also not too deep in the ground.
