Shale formations have played a significant role in offsetting the decline in US oil and gas production in recent years. These formations have allowed experts the ability to extract more oil and gas from them compared to other sources. The shale revolution has also directly led to a significant increase in oil and gas reserves, which means many mineral owners across about 30 states have received oil and gas revenue as a result.
Consider North Dakota as an example where oil companies essentially invaded the entire state to drill for the Bakken Shale. This has led to significant oil and gas extractions and making farmers in North Dakota rich overnight. So when you think about shale formations and oil and gas mineral interest, it’s easy to see why these formations have played a significant role in keeping the US economy strong, all while making money for mineral owners in the process.