New, Lower Estimate of Bakken Recoverables
ND Study: 167 Billion Barrels of Oil in Bakken
From Rigzone.com
AFX News Limited Monday, April 28, 2008
The Bakken shale formation in North Dakota holds up to 167 billion barrels of oil but only about 1 percent of it can be recovered using current technology, a new study says. The study released Monday said current technology could lead to the recovery of about 2.1 billion barrels in North Dakota’s portion of the formation, where oil-producing rock is sandwiched between layers of shale about 10,000 feet under
