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Tuesday, January 25, 2011

Oil Industry Impact on North Dakota: $3 Million for Each New Well -- North Dakota, USA

These are data points from the Bismarck Tribune regarding new report on the oil industry's impact on North Dakota (links to the report are further down) (most numbers rounded) (the link will be broken soon:
  • The oil industry's impact on North Dakota more than tripled from $4 billion to almost $13 billion between 2005 and 2009.
  • Direct impact: $1 billion in 2005; $5 billion in 2009
  • Oil industry jobs in 2009: 18,328
  • Active wells: 3,391 in 2005; 4,190 in 2009
  • Each new wells adds an estimated $3 million impact on the state's economy
Two pdfs:

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