Jump to content

Recommended Posts

  • Replies 26
  • Created
  • Last Reply

Top Posters In This Topic

Posted
We can drill horizontally north into Canada and suck all the oil outta their shale too.

 

There's oil in Canada? Invade!

:lmao:

 

There's still a few months left.......

Posted
where is this again? surely there are baby seals at risk? or indigenous cultures?

I believe they're called the Lakota tribe. Oh wait, we already put them out to pasture somewhere else. nevermind.

Posted

"and could cut the cost of oil in half in the long run"

 

 

 

WTF!!!!!!!!!!!!! LONG RUN!!!! what in the HELL is he talking about? There is no "long run"!!

  • 2 weeks later...
Posted

It's out!

 

The U.S. Geological Survey calls it the largest continuous oil accumulation it has ever assessed.

An assessment by USGS in 1999 found the Alaska National Wildlife Refuge had 10.3 billion barrels of recoverable oil, said Brenda Pierce, a geologist for the agency

The Bakken Formation encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba.

About two-thirds of the acreage is in western North Dakota, where the oil is trapped in a thin layer of dense rock nearly two miles beneath the surface.

Companies use pressurized fluid and sand to break pores in the rock and prop them open to recover the oil.

Donald Kessel, vice president of Houston-based Murex Petroleum Corp., said he believes the Geological Survey's assessment of how much oil can be recovered in the Bakken may be a little on the high side.

Kessel said his company was the first to get a producing well in the Bakken in North Dakota three years ago. The company now has about 20 producing wells.

The report released Thursday by USGS was done at the request of Sen. Byron Dorgan, D-N.D., over the past 18 months.

A study by the USGS in 1995 found 151 million barrels of oil could be recovered from the Bakken using technology at that time.

"This is great news," Dorgan said of the new report. "This is 25 times the amount of the previous assessment

 

USGS Link

 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...