Geologists have estimated there is a good deal of undiscovered, technically recoverable oil in that area.
North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels. Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil estimates.
According to news accounts, although new drilling techniques have greatly increased oil production in the Bakken Formation in recent years, as of February 2011 that region was still yielding less than half a million barrels per day.Just poking around the Internet recently, I simply “Googled” the search “Untapped U.S. Oil Reserves,” and the result that only scientists and oilmen/women knew was coming, but man was it big.
2. And if THAT didn’t throw you on the floor, then this next one should – because it’s from TWO YEARS AGO, people!
France Dernières Nouvelles, France Actualités
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