[thackney]

Here we go:

The original oil in place in the Bakken and Three Forks Formations within the thermally mature portion of the State of North Dakota is estimated by the North Dakota Department of Mineral Resources to be over 300 billion barrels

U.S. House of Representatives
Committee on Energy and Commerce
Subcommittee on Energy and Power
August 2, 2012
2123 Rayburn House Office Building, Washington, DC

Summary of Testimony by Lynn D. Helms, Director
North Dakota Industrial Commission
Department of Mineral Resources

http://democrats.energycommerce.house.gov/sites/default/files/documents/Testimony-Helms-EP-American-Energy-Initiative-2012-8-2.pdf
page 2

[ckilmer]

The original oil in place in the Bakken and Three Forks Formations within the thermally mature portion of the State of North Dakota is estimated by the North Dakota Department of Mineral Resources to be over 300 billion barrels,
...............
Ok this is the same guy saying the same thing...

Now on the face of it —this looks like oil in place. Where most of it is unrecoverable. But he makes a caveat in the statement. He says the there’s over 300 billion (and I’ve seen higher numbers in the last year) in the “thermally mature portion” of the state.

Now does “thermally mature portion” mean that the recovery rates are higher than 3.5%, 10%, 30% 50%? — of the oil in place.