The concurrent resolution acknowledges the significant contributions of North Dakota's oil and coal industries to the state's economy and energy security, particularly highlighting the Bakken Formation's potential for enhanced oil recovery (EOR). It emphasizes that current extraction methods only tap a fraction of the available oil and that implementing EOR techniques could unlock billions of additional barrels, extending production for decades. The resolution also notes the importance of carbon capture technology, which can transform captured carbon dioxide into a valuable commodity, further supporting the state's energy sectors.
The resolution calls on both the State of North Dakota and the federal government to maintain and develop favorable policies that promote carbon capture and enhanced oil recovery. It urges the federal government to incentivize the use of carbon dioxide in EOR and to strengthen partnerships with North Dakota's energy industries to advance these technologies. The resolution concludes by directing the Secretary of State to share copies with key federal officials and members of the North Dakota Congressional Delegation, reinforcing the state's commitment to energy innovation and security.