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Viewpoint: The future of oil and natural gas industry in North Dakota is bright

Ron Ness: The future of oil and natural gas industry in North Dakota is bright

Letter: The future of oil and natural gas industry in North Dakota is bright

"The U.S. Geological Survey estimates that up to 3.3 billion barrels of undiscovered, technically recoverable oil are still available in the Bakken Formation. Industry experts are even more optimistic and estimate the recoverable oil left in the Bakken is more like seven to 10 billion barrels of oil," writes Ron Ness.

The future of oil and natural gas industry in North Dakota is bright

We all benefit from a strong oil and natural gas industry. The billions of dollars in taxes and royalties paid to the state of North Dakota each year pay for education, infrastructure and social services across our great state. In fact, over 50% of all tax revenue collected by North Dakota is paid by the oil industry. We also employ almost 50,000 people in high-paying jobs and careers. And the oil we produce here helps make our nation more energy secure and less dependent on unfriendly foreign suppliers.

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