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North Dakota ranks second in the nation in oil production. This production stimulates economic activity and provides jobs across the state and throughout the country.
- Economy
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Since 2005, the number of North Dakota jobs directly supported by the oil and natural gas industry has grown by 992 percent and the number of jobs indirectly supported by the industry has grown by more than 300 percent, according to a study by North Dakota State University.
According to the North Dakota Petroleum Council, our industry directly supported 24,012 jobs in 2014. That number grows larger when you factor in that each drilling rig creates about 177 indirect jobs.
More than half of North Dakota’s taxes come from our industry.
The state’s infrastructure and government also benefit from oil and gas operations: our industry provided $325.9 million in 2014 to the strategic investments and improvement fund. Schools profit as well: in 2013 the Board of University and School Lands received $1.2 million from our industry.
- In Communities
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We contribute to the well-being of North Dakotans through charitable giving, employee volunteerism, and civic leadership. In 2016, we awarded more than $300,000 in philanthropic grants to organizations in the Bakken Basin.
We take pride in being a great neighbor and a responsible corporate citizen in the communities where we operate. And we work diligently to build inclusive, honest and respectful relationships with our stakeholders by engaging with them openly and transparently to promote understanding of our activities, learn more about local concerns and collaboratively seek solutions. Through community meetings, updates to local governments, and one-on-one conversations with community members we create open lines of communication.
- Flaring
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Flaring is the safety practice of burning off excess gases that might otherwise pose a hazard and that cannot be:
- Recovered for export to consumers.
- Used as fuel within the field.
- Cost-effectively re-injected into the producing formation.
Installing flaring equipment to burn the excess gas reduces the greenhouse gas impact to the environment by as much as 98 percent. We’ve adopted goals to address flaring and venting in our Climate Change Management Plans.
Across all types of wells and reservoirs in the U.S., less than 1 percent of natural gas is flared. However, newer unconventional shale plays like the Bakken in North Dakota and Montana have higher rates of flaring due to a lack of pipeline infrastructure.
The North Dakota Petroleum Council flaring task force has worked with the state to develop a plan to reduce flaring in the Bakken with the goal of capturing 85 percent of associated gas by 2016 and 91 percent by 2020. Over the last 10 years more than $11 billion has been spent building natural gas gathering and processing infrastructure in the state.
- About the Bakken
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The North Dakota Petroleum Council flaring task force has worked with the state to develop a plan to reduce flaring in the Bakken with the goal of capturing 85 percent of associated gas by 2016 and 91 percent by 2020. Over the last 10 years more than $11 billion has been spent building natural gas gathering and processing infrastructure in the state.
During 2015, net production averaged 61MBOED. There were 89 operated wells drilled and 128 operated wells brought on line during 2015, bringing the total to approximately 600 operated wells on line at year-end. By developing and implementing new and innovative methods and best practices, ConocoPhillips has successfully reduced spud-to-spud times by more than 40 percent since 2010. In addition to improvements in drilling and capital efficiency, the use of multi-well drilling pads has been a significant factor in limiting the company’s overall environmental footprint. The company continues to develop and implement innovative methods and technologies to gain further improvements in the development of its approximately 2,400 identified operated and non-operated drilling locations.
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