[Ed. note: North Dakota registered $25.3 billion in taxable economic activity 2012, a 29 percent increase from 2011. The major reason for this economic boom is described below.]

Any discussion of the revolution in U.S. upstream technology and its impact on the U.S. energy balance must include the Bakken play, centered in North Dakota but also reaching into Montana and Canada. It’s no wonder. It has raised North Dakota to the number two state after Texas in U.S. crude oil production.

Now at more than 700,000 barrels per day and still growing, North Dakota’s crude oil production accounts for 11 percent of the domestic total, and is contributing to the strongest economic growth and strongest employment of any state. Here we revisit the Bakken to fill in more details for the play that serves as the forerunner and icon of the tight oil revolution.…

“The distinction between renewable and non-renewable resources is tenuous and perhaps in the last analysis untenable.”

– M. A. Adelman, The Economics of Petroleum Supply (Cambridge: The MIT Press, 1993), p. 66.

“The tradition in academic energy economics is to stress the ability to overcome depletion threats.”

– Richard Gordon, The Energy Journal, (Vol. 22: No. 2), 2001, p. 128.

The headline from the May 15th Time article reads: “The IEA Says Peak Oil Is Dead. That’s Bad News for Climate Policy.” Author Bryan Walsh begins:

No one … was really looking forward to a peak-oil world…. Think uncomfortable and violent. Oil is in nearly every modern product we use, and it’s still what gets us from point A to point B—especially if you need to get from A to B in a plane.

“The Permian Basin is a story about combining the various talents of independents, majors, and service companies in using advancing technologies to sustain the lifespan of existing fields, to tap into zones that were previously uneconomic or inaccessible, and to increase the Permian’s proven reserves in a remarkable fashion.”

The Permian region, in western Texas and extending into southeastern New Mexico, has been one of North America’s major oil and natural gas producing regions for nearly a century. What makes the Permian stand out, besides its size, is its huge diversity. Rather than a single play, it is a collection of regional conventional and unconventional plays, producing from a variety of geological formations covering a wide area in more than a dozen productive formations.

Permian wells produce in depths ranging from a few hundred feet to tens of thousands of feet.…

A new study from researchers at Harvard University alleges that FracFocus “fails as a regulatory compliance tool.” Those of us who are actually familiar with the issues involved in fluid disclosure know that’s not true, but it seems the media saw a narrative too enticing to question: another alleged “failure” regarding hydraulic fracturing.

Here are a few examples:

• Bloomberg News: “FracFocus Fails as Fracking Disclosure Tool, Study Finds”
• Associated Press: “Report highlights problems with fracking database”
• Dallas Morning News: “Fracking disclosure site contains ‘serious deficiencies,’ Harvard study says”
• Denver Post: “Colorado fracking database questioned by Harvard study”
• FuelFix/Houston Chronicle: “Harvard report slams fracturing chemical website”
• E&E News: “FracFocus has ‘serious flaws,’ Harvard study says”

The problem is, most of these stories were essentially press releases describing publication of the study.…