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U.S. Geological Survey Petroleum Resource Assessment of the Bakken Formation
USGS, Dept of Interior ^ | April, 2008 | Unknown

Posted on 05/16/2008 10:13:02 PM PDT by combat_boots

A reported 3 to 4.3 billion barrels of oil estimate....

North Dakota. Montana.

Go to just about the end of the slide show to see the stats.

Press Release page: http://www.usgs.gov/newsroom/article.asp?ID=1911

(Excerpt) Read more at energy.usgs.gov ...


TOPICS: Business/Economy
KEYWORDS: bakken; gas; oil
Thanks to a blogger on Flopping Aces for the mention of Bakken.

Here's a search: http://search.msn.com/results.aspx?q=the+Bakken+Formation&FORM=MSNH

1 posted on 05/16/2008 10:13:03 PM PDT by combat_boots
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To: combat_boots

Is that total oil or recoverable oil?


2 posted on 05/16/2008 10:16:17 PM PDT by Perdogg (Four years of Carter gave us 29 years of Iran; What will Hilabama give us?)
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To: combat_boots

OK - let’s ban any drilling there.

signed,
N Pelosi
H Reid


3 posted on 05/16/2008 10:16:27 PM PDT by oldbill
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To: combat_boots

Probably some spotted owls or caribou around there somewhere.


4 posted on 05/16/2008 10:20:57 PM PDT by mmichaels1970
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To: mmichaels1970

..spotted caribou for sure, they get that way lying around in oil.


5 posted on 05/16/2008 10:24:17 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: oldbill
OK - let’s ban any drilling there.

Precisely. You can bet Greenies are already out looking for threatened Bandy-Legged Buck-Toothed Titmouses or Brown Anal Lice so they can put them on Nixon's Endangered Species List next to the Polar Bears. And Bush's fearless Interior Secretary has probably already drawn up the paperwork.

To quote W.B. Yeats:

Mere anarchy is loosed upon the world,

The blood-dimmed tide is loosed, and everywhere

The ceremony of innocence is drowned;

The best lack all conviction, while the worst

Are full of passionate intensity.

The Left loves to use these lines to describe our Side. I think the exact reverse is true.

6 posted on 05/16/2008 10:27:17 PM PDT by Bernard Marx
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To: combat_boots

not to mention the billions of barrels we would have if we could make coal oil. Didn’t we give up on it because it would have been 40 bucks a barrel at the time?


7 posted on 05/16/2008 11:27:56 PM PDT by miliantnutcase
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To: Bernard Marx
I believe you're correct. By the way, Bernie, is Karl a distant relative?
8 posted on 05/16/2008 11:48:58 PM PDT by SatinDoll (Desperately desiring a conservative government.)
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To: combat_boots

If you search this site you will find many more articles about the Bakken. We’ve been driling horizontal wells in the Middle Bakken up here for about 7 years now, the enviros are too late to stop this one.


9 posted on 05/16/2008 11:54:56 PM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: combat_boots
More info: North Dakota Industrial Commission

Click on the "Hot Plays" link for downloadable info

North Dakota Petroleum Council Homepage

10 posted on 05/17/2008 12:01:32 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: Perdogg

From what I’ve gotten from people that work that area, it is not only just the “recoverable”(with current tech) portion but it is a laughably “low ball” estimate at that. It is really such a huge volume that it could lead to a drop in oil prices sufficient to make it uneconomical to go after it. Better to let the reality of it come out in bits to keep exploration and development on a fast track there.


11 posted on 05/17/2008 12:04:33 AM PDT by Uriah_lost (The good guys must breed and continue to do so, or it is all for naught- A Smart Man)
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To: combat_boots

It doesn’t matter. We might as well have evidence of oil in the Andromeda galaxy, for all the good it’s going to do it.

The anti-American, hate-America Democrats and the Amazingly Stupid Gutless Wonder Republicans will never let us drill it anyway.


12 posted on 05/17/2008 1:57:33 AM PDT by samtheman
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To: Uriah_lost
Maybe the states can act to make needed changes even if the federal government can't.

Based on what I've read about estimates for this area, that number seems very low. I've read numerous reports that estimate recoverable reserves for the Bakken formation range from 200 bbl to 500 bbl.

13 posted on 05/17/2008 3:28:27 AM PDT by Thermalseeker (Silence is not always a Sign of Wisdom, but Babbling is ever a Mark of Folly. - B. Franklin)
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To: Bernard Marx

Wonder how much a gallon it has to go up to before the rest of America tars and feathers these lunatics?


14 posted on 05/17/2008 4:35:31 AM PDT by ZULU (Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
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To: combat_boots

BTTT


15 posted on 05/17/2008 5:19:30 AM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: ZULU

Wonder how much a gallon it has to go up to before the rest of America tars and feathers these lunatics?

Don’t waste good tar and feathers. Just take away the keys to their private jets, confiscate their limos, and make ‘em drink budweiser.


16 posted on 05/17/2008 5:43:48 AM PDT by Clioman
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To: samtheman

Not true. A company I invest in is drilling in the Bakken right now.


17 posted on 05/17/2008 6:24:20 AM PDT by Melchior
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To: Perdogg

“Is that total oil or recoverable oil?”

“an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil”


18 posted on 05/17/2008 7:22:24 AM PDT by combat_boots (She lives! 22 weeks, 9.5 inches. Go, baby, go!)
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To: Smokin' Joe

I added the search term Bakken up at the top of this entry. Have fun, folks!


19 posted on 05/17/2008 7:24:19 AM PDT by combat_boots (She lives! 22 weeks, 9.5 inches. Go, baby, go!)
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To: SatinDoll
By the way, Bernie, is Karl a distant relative?

You might try reading a few serious books to find out. If reading's a challenge, the movie came out in 1998. Search with the keywords "Aldous Huxley."

20 posted on 05/17/2008 7:42:29 AM PDT by Bernard Marx
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To: Smokin' Joe
"the enviros are too late to stop this one"

I hope you are right. They are trying harder than ever to shut us down here in Wyoming, and I am afraid they might just do it with the current political situation. My company is sending my crew up to Williston on Monday or Tuesday to see what the wireline market is like. It sounds like the area is set for a decent boom.
21 posted on 05/17/2008 9:43:20 AM PDT by rwh (What great fortune it is for those in power that the people do not think!)
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To: Bernard Marx

It was a well intentioned question: why be nasty?


22 posted on 05/17/2008 12:06:10 PM PDT by SatinDoll (Desperately desiring a conservative government.)
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To: combat_boots

We use 22 million barrels a day. That gives us about a year and a half worth of oil.....sheeeeeeesh...


23 posted on 05/17/2008 12:09:55 PM PDT by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: SatinDoll
It was a well intentioned question: why be nasty?

Do you believe suggesting I'm a lineal descendant of Karl Marx -- from a screen name, no less! -- is well-intentioned? I read a bit more into it.

24 posted on 05/17/2008 12:50:13 PM PDT by Bernard Marx
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To: Bernard Marx

No, I was just asking.

Once I was house hunting and the realtor had the same last name, Milikin, as the inventor of the diode. I asked if they were related and sure enough, he was her father-in-law.

I’m a descendant of one Captain Charles Goodwin, a cavalry officer in then General Washington’s army, and the Captain witnessed the British surrender at Yorktown. Turns out there are literally thousands of descendents.

And I know there is at least one hanged-horse thief swinging in the family tree along with all the respectable people.


25 posted on 05/17/2008 12:58:47 PM PDT by SatinDoll (Desperately desiring a conservative government.)
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