Bakken, Three Forks largest continuous US oil accumulation

01/06/2014
Stephanie B. Gaswirth Kristen R. Marra US Geological Survey Central Energy Resources Science Center Denver The recent reversal of the declining trend of US oil production is largely due to production from unconventional or "continuous" low-permeability reservoirs by use of multistage hydraulic fracturing of horizontal legs of exploration wells. The US currently produces about 7.4 million bo/d, and the increasing trend in domestic production has led to speculation that the US could become energy independent in oil in the near future. The US still imports an additional 11 million bo/d to meet consumption requirements).1 Critical to the discussion of energy independence are estima...
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