The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Page 46 of 67

Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 47 Northwest Pump is now in Billings! Contact our Billings, MT loca on for sales and service of industrial pumps and compressors. See why Northwest Pump is the industry leader in the West, since 1959. 406-839-9322 1207 S. 32nd St. W. Ste. B Billings, MT 59102 if it's temporary, everyone in North Dakota will feel the austerity." North Dakota derives 46 percent of its revenue from two forms of oil taxes, one based on gross production, the other on extraction. Even though oil tax revenue is falling, state officials say they have reason for optimism. The main reason is North Dakota sits atop the enormous Bakken shale field. "I think the difference from prior busts is that we know the oil's in the ground. It's just a matter of when it becomes economic to extract it again," said Mr. Armstrong, who works in the oil and gas industry. "If you do some research on the size and the scope of the Bakken oil shale, it's pretty sizable," David Tuan, Direc- tor of Public Works said. "You're talking 60,000 potential wells. We've only started to drill about 8,000. Twenty to ‚ě§ continued, pg 58 Travis Dewitz - Travis Dewitz -

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