Oil exploration has dropped back a bit and is likely to stay at it's current level.
That's what a top executive from the biggest oil producer in the state says.
Blu Hulsey is vice president of government and regulatory affairs for Continental Resources.
He says there will be significant oil drilling in North Dakota's Bakken region for another two decades, as new technologies and techniques allow even more oil to be mined from the rock formations below the surface.
Hulsey says "pad development," where many wells are drilled from one large pad, will play a key role in continued expansion of oil in the state.
(Blu Hulsey, Continental Resources V.P.) "We've got a lot of areas that you'll be mining. We'll be drilling wells in North Dakota for another 20 years. You've got a lot of development here. A lot of it's infill, a lot will be because of the pad development, because you have Three Forks locations, you have the Bakken you're going after but now you have production out of some lower areas."
Hulsey was the keynote speaker today at the Minot Area Development Corporation's annual meeting.