Focus: Unconventional Oil & Gas — USGS to update Bakken formation assessment, Salazar says

06/06/2011
Nick SnowWashington EditorThe US Geological Survey will update its 2008 assessment of undiscovered, technically recoverable oil and gas in the US portion of the Bakken formation in North Dakota and Montana, Interior Sec. Ken Salazar announced. The update will begin in October and take 2 years to complete, depending on funding, he said.“We must develop our resources armed with the best science available, and with wells drilled in the Bakken during the past 3 years, there is significant new geological information,” Salazar said on May 19. “With ever-advancing production technologies, this could mean more oil could potentially be recovered in the formation.”The 2008 U...
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