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Wed 24 Jul 2013 12:27 PM

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Oil boom in US

North Dakota in the USA is experiencing an oil boom, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil.

Oil boom in US
A pumpjack is seen on July 22, 2013 outside Williston, North Dakota. Pumpjacks are used to mechanically pump oil and natural gas out of the earth when there is not enough natural pressure for the liquids to rise on their own. North Dakota has been experiencing an oil boom recently, brining tens of thousands of jobs to the region, lowering state unemployment and bringing a surplus to the state budget. (Getty Images)
Oil boom in US
Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil. (Getty Images)
Oil boom in US
Jeff Allyn, a derrick hand with Raven Drilling, tests the viscosity of drilling liquid while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil. 'If you're not working out here, there's no excuses. I went to prison for six years - it doesn't matter what your past is,' Allyn said. (Getty Images)
Oil boom in US
Jeff Allyn, a derrick hand with Raven Drilling, piles materials while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota is been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil. 'If you're not working out here, there's no excuses. I went to prison for six years - it doesn't matter what your past is,' Allyn said. (Getty Images)
Oil boom in US
Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was estimated at 3.65 billion barrels of oil. (Getty Images)
Oil boom in US
Jeff Allyn, a derrick hand with Raven Drilling, piles materials while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota is been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was estimated at 3.65 billion barrels of oil. 'If you're not working out here, there's no excuses. I went to prison for six years - it doesn't matter what your past is,' Allyn said. (Getty Images)
Oil boom in US
Jeff Allyn, a derrick hand with Raven Drilling, climbs up to the top of the derrick while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota is been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was estimated at 3.65 billion barrels of oil. 'If you're not working out here, there's no excuses. I went to prison for six years - it doesn't matter what your past is,' Allyn said. (Getty Images)
Oil boom in US
Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. North Dakota is been experiencing an oil boom in recent years, due in part to new drilling techniques including hydrolic fracturing and horizontal drilling. In April 2013, The United States Geological Survey released a new study estimating the Bakken formation and surrounding oil fields could yield up to 7.4 billion barrels of oil, doubling their estimate of 2008, which was stated at 3.65 billion barrels of oil. 'If you're not working out here, there's no excuses. I went to prison for six years - it doesn't matter what your past is,' Allyn said. (Getty Images)
Oil boom in US
Abandoned farming equipment is seen on July 22, 2013 outside Williston, North Dakota. North Dakota has been experiencing an oil boom recently, brining tens of thousands of jobs to the region, lowering state unemployment and bringing a surplus to the state budget. (Getty Images)
Oil boom in US
A gas flare rises near an abandoned building on July 22, 2013 outside Williston, North Dakota. Gas flares are created when excess flammable gases are released unexpectedly by pressure release valves during the drilling for oil and natural gas. North Dakota has been experiencing an oil boom recently, brining tens of thousands of jobs to the region, lowering state unemployment and bringing a surplus to the state budget. (Getty Images)