North Dakota officials have recently estimated that in their state alone, the Bakken shale gas play holds about 11 billion barrels of oil. And that is enough to keep North Dakota providing energy, and jobs, for many years to come.
While the rest of the U.S. is struggling to recover economically, North Dakota is booming, and energy from shale gas is the reason. Oil production in the Bakken shale has gone from just 3,000 barrels a day in 2005 to 225,000 barrels a day in 2010, and North Dakota's oil and natural gas industry keeps growing. And that's not all:
...the North Dakota oil boom is one reason U.S. oil prices, as measured by West Texas Intermediate Crude, have been running $15 to $20 a barrel cheaper than the Brent crude sold in Europe. CNN Money