Bakken's sustainability is a frequent concern voiced to Kathy Neset of Neset Consulting, and she says the answer is easy.
She says that right now, 810 thousand barrels of oil are being produced every day --- and that's only seven percent of the oil available in the Williston Basin.
Neset says that makes it critical to learn even more about the formation and advance technology. Even increasing production by one percent increases revenues and energy independence dramatically.
She says the next step for North Dakota is high density infield drilling - more than one pump per area.
(Kathy Neset, Neset Consulting) "We found out that that one well is no where near developing the oil out of this resource. So in order to get the oil out of the rock, we have to add more laterals down hole, and that is the challenge to the technology. How many laterals are needed? How many different benches do we need to put them into, and we're learning more about that every single day."
As the industry changes, the North Dakota Petroleum Council believes it's important to keep communities informed.
That's one reason for the 5th Annual Bakken Rocks Cookfest today in Powers Lake.
Neset was among oil company booths where the community can visit with those in the industry and have an honest discussion about the future of the Bakken.
The Bakken Rocks Cookfest will be set up in Powers Lake until 8 tonight and will continue in Parshall on Thursday.