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Posted on 06/19/2014 12:56:00 PM PDT by george76
Crescent Point’s Torquay Discovery Reignites Southeast Saskatchewan.
Just when you thought The Bakken couldn’t get any better—it does.
Oil producers are now “cracking the code” on the Torquay, or Three Forks formation below the Bakken, and coming up with incredible economics—these wells are paying back in only seven months.
This news has completely re-invigorated the Canadian side of the Bakken. And on the US side, the Three Forks is causing industry to leap-frog estimates of the amount of recoverable oil available–by about 57%!
It’s hard to imagine that the #1 oil play in all of North America could have such a huge increase in size—usually this happens in increments. This map from the Province of Manitoba shows how much potential theTorquay/Three Forks has—it ranges from 1.5 – 7 x as thick as the Bakken!
(Excerpt) Read more at oilvoice.com ...
Time for a jugg-eared marxist executive order!
whacchya think?
Good news. Odingo will do his best to squash it, does not want the muslims to see oil prices drop in their hellish part of the world.
The theme song!
https://www.youtube.com/watch?v=Cg2G8Tx8Mqk
which means more trains and oil cars..
Oh no,, what will Obama do now?
lol.. how about an air uhh oil marshal on every tanker car?
Make sure he know how to set the break before leaving to sleep.
Even if we develop our own oil resources, the price of finished products will, most likely not go down much.
Our oil companies are run by businessmen first and national interests are considered secondary.
Why should they sell the gasoline here in the country when they can sell it in Europe for a much higher price?
brake, not break, before he goes on break...
RELEASE THE BAKKEN!!
Get KRAKKEN IN THE BAKKEN!.................
This sounds like a job for... the TSA!
-PJ
This sounds like a job for... the TSA!
- - - -
There will be involvement probably, if only indirectly.
I do work at a natural gas liquids marine terminal. They now require a Transportation Worker Identification Credential (TWIC) card to get in the facility unescorted which is provided by the TSA. Technically, I’m part of them now, just not on their payroll. But they can yank my clearance.
http://www.tsa.gov/stakeholders/transportation-worker-identification-credential-twic%C2%AE
The Transportation Systems Sector-Specific Plan (SSP) is the strategic plan for the sector fulfilling the requirements of Homeland Security Presidential Directive 7 (HSPD-7): Critical Infrastructure Identification, Prioritization, and Protection; and the requirements of the Intelligence Reform and Terrorism Prevention Act of 2004 (as amended by the 9/11 Commission Act) for the National Strategy for Transportation Security (NSTS). The SSP consists of a base plan and six modal annexes. The modal annexes for mass transit, maritime, and railroads (including freight and passenger rail) also consolidate strategic planning and infrastructure protection requirements.
http://www.tsa.gov/sites/default/files/assets/pdf/transportation_systems_ssp_web.pdf
Bakken petroleum system is noted for low primary recovery -rates of 3~5% of the original oil in place
How much additional oil can be extracted using secondary and tertiary techniques???
Technology will make the difference. There is a lot of oil left in the ground, but it ain’t going to be easy (or cheap) to get the rest out, and you will never come close to getting it all.
TSA!! HaHaHa!! Don’t we still have a DoT division or sumthin’? Or have they morphed and merged and borg’d? Who controls oil and gas pipelines these days? DoE, Interior, EPA?? Who knows.
How many agencies have been involved to date with the exploitation of the Bakken?
I bet he can use his pen and phone to sic the TSA on the railroads.
-PJ
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