Williston’s Bakken given 3-4 billion bbl recoverable

04/21/2008
The Upper Devonian-Lower Mississippian Bakken formation in North Dakota and Montana, which has produced 105 million bbl of oil through the end of 2007, contains an estimated 3 to 4.3 billion bbl of undiscovered, technically recoverable oil, the US Geological Survey said Apr. 10.This is 25 times the USGS 1995 assessment of the amount of oil that can be recovered from the formation. It is “larger than all other current USGS oil assessments of the Lower 48 states and is the largest ‘continuous’ oil accumulation ever assessed by the USGS.”The next largest continuous oil accumulation in the US is in the Cretaceous Austin chalk of Texas and Louisiana, with an undiscovere...
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