Bakken Boom Could Double - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Bakken Boom Could Double

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Energy leaders say the Bakken boom could double in the next four years. Department of Mineral Resources director Lynn Helms made the prediction today in Dickinson at the North Dakota Association of Oil and Gas Producing Counties Meeting.

 

"We have the capabilities to reach 1.6 million barrels per day by 2017. And I do want to clarify we have the capability, but there are risk factors. And I tried to clarify we have the capability, but there are risk factors to prevent us from achieving that," says Helms.

 

Those risk factors include changing oil prices, market availability for crude oil, hydraulic fracking rules and potential changes in taxes.

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