Which US States Produce the Most Shale Oil?
Monday, March 27, 2017
Believe it or not, America has been fracking oil wells since right around the time of the Civil War. That said, modern oil well fracking didn't start taking shape until the 1940s, and it wasn't until the 1990s when it was combined with horizontal drilling to unleash the shale gas boom. The industry eventually transferred those two techniques into oil drilling when Continental Resources(NYSE: CLR) drilled the first commercially successful well in the North Dakota Bakken.
The industry has since taken that combo to other U.S. states, enabling the country to unlock a treasure trove of shale oil resources. That said, according to the U.S. Energy Information Administration, seven regions accounted for 92% of the country's shale oil growth in recent years: READ MORE...
Category: Oil & Gas
