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Possible Oil Shale in South Dakota
KFYR-TV ^ | December 14, 2012 | Jennifer Joas

Posted on 01/07/2013 12:43:12 AM PST by 2ndDivisionVet

After horizontal drilling and hydraulic fracturing cracked open the Bakken formation and exposed hundreds of barrels of oil per day, the appeal of oil is growing across the country. South Dakota is one state that believes it may have an oil formation, so a state geologist is trying to attract companies to travel south.

South Dakota wants more than four famous faces. The state geologist believes they may have undiscovered oil.

"We are looking at the old historic data and were seeing these reports of tight formations that had oil in them, but they blew them off as not being economic because they didn`t understand how they could possibly be produced," said Derric Iles, South Dakota State Geologist.

Drilling activity did take place during the 1940s and 50s. That is when the state learned about its tight formation and recovered oil-stained rock. Iles also says more test wells need to be drilled in the region. South Dakota may have more oil just beneath the surface, but they need to encourage oil companies to drill for it...

(Excerpt) Read more at kfyrtv.com ...


TOPICS: Business/Economy; Government; Local News
KEYWORDS: bhoenergy; energy; shale; shaleoil; southdakota

1 posted on 01/07/2013 12:43:21 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet

Ooooh, Matt Damon is not gonna like this!


2 posted on 01/07/2013 1:09:26 AM PST by Buddy Sorrell ( John Boehner is our Pierre Laval. We need a Charles DeGaulle.)
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To: 2ndDivisionVet

Well, Dear Leader Obama will just have to do something about this. Can’t have this fracking taking place in more and more states. Time for rules, time for regulations, time to kill jobs, we must have control!


3 posted on 01/07/2013 1:42:50 AM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: flaglady47

Can’t have this fracking taking place in more and more states.

It isn’t fracking, it is called “smart drilling”. I’m to the point where it would be a dream fulfilled for any state to join the energy revolution, and suddenly be somewhat independent of the insanity that stands for government in Washington Dee Cee.


4 posted on 01/07/2013 3:26:57 AM PST by wita
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To: 2ndDivisionVet

The take away is that oil at say $90 per barrel is freaking plentiful. Shale is not unique to North America. Shale exists all over the world. This is a game changer of a lifetime. No more wars for the free flow of oil at market prices. Plus apparently Iraq has as much cheap oil as Saudi Arabia. Now it may not matter who the dictator is.


5 posted on 01/07/2013 4:07:15 AM PST by cicero2k
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To: 2ndDivisionVet
Shale Oil Field Under Santa Barbara Four-Times Larger Than The Bakken
6 posted on 01/07/2013 8:51:50 AM PST by PeaceBeWithYou (De Oppresso Liber! (50 million and counting in Afghanistan and Iraq))
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To: 2ndDivisionVet

7 posted on 01/07/2013 8:58:25 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: PeaceBeWithYou

Good news for Mexico, huh?


8 posted on 01/07/2013 12:43:35 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks 2ndDivisionVet.


9 posted on 01/07/2013 8:23:43 PM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: 2ndDivisionVet
...hundreds of barrels of oil per day...

Excuse me, how much?

10 posted on 01/07/2013 8:27:56 PM PST by uglybiker (nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-BATMAN!)
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