The last five years have brought a number of major developments in the oil industry. With the recent death of Venezuela’s Hugo Chἁvez, even more change is imminent. Thanks to the Bakken Oil boom in North Dakota and Montana, the U.S. is well positioned to surpass Saudi Arabia as the world’s number one oil producer by 2020. The effects on the U.S. economy will be significant over the next five years, providing a positive momentum that is long over-due. Already, North Dakota has the lowest unemployment rate in the U.S. at just over 3.1%.
So what is “Bakken”? The Bakken is a rock formation that lays subsurface across North Dakota, Montana, and Saskatchewan. It is named after farmer, Henry Bakken, who owned the land where the formation was initially discovered. Lucky Henry.
The boom has instigated an entire oil business culture in the North Dakota and Montana regions that had been dormant for years. New technology has enabled access to the vast oil reserves in the area. The Livingston, Montana based Bakken Oil Business Journal is part of this boom. The journal is published six times a year and distributed to a national audience. The Bakken Oil Business Journal also promotes current technologies and trends with an online presence that provides instant connectivity to the businesses involved in the Bakken.
The journal connects businesses for entrepreneurship, partnership, education, and money making purposes. This publication is aiming to become the one-stop Bakken Oil industry resource for anyone desiring to work and do business in the area. They are doing a bang up job of it too. Dedicated to the success of workers and businesses, the journal is always open to feedback from their audience. Even if you’re not tightly linked to the Bakken Oil industry, the valuable information provided by the journal can help you stay abreast of the developments that will impact the U.S. economy as a whole.
The Bakken Oil Journal is a PFL customer. We print the high-gloss, full-color magazine that is published six times a year. You can sign-up online for a complimentary subscription to the Bakken Oil Business Journal.