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To: Smokin' Joe

If the estimates of over 400 billion barrels of oil are correct and operators can actually achieve 10% or better recovery rates this will eventually rival Alaska in terms of total production.


56 posted on 12/09/2007 5:00:36 PM PST by saganite
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To: saganite

Not long ago, the state was lowballing the estimate at 200 million barrels in place, and until the USGS weigns in, the numbers remain specualtive, from 200 to 500 billion barrels. Either way, if this keeps going, I might get to retire yet. (8^D)


58 posted on 12/09/2007 5:25:03 PM PST by Smokin' Joe (How often God must weep at humans' folly.)
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