EPS100Momentum (71.54)

* Report says total of 149 Billion barrels of oil in place within the Bakken Shale Formation.

January 11, 2011 – Comments (0) | RELATED TICKERS: BEXP.DL , CRED , GEOI

Jan 11, 2011 2:58 PM | about Bakken Shale related stocks: BEXP, CRED, GEOI, TPLM, NOG, KOG,  

Bakken Source System: Bakken Assessment
On April 28, 2008, three years after the discovery of the Parshall
Field, the North Dakota Department of Mineral Resources released
an assessment of the oil potential of the Bakken Formation
within the North Dakota portion of the Williston Basin (Bohrer
et al., 2008). The assessment concluded there were 149 billion
barrels of oil in place within the Bakken Formation of which 2.1
billion barrels could be expected to be produced using available
technologies (expected ultimate recovery). We anticipated
that the expected ultimate recovery would significantly increase
with time beyond our estimate of 1.4% due to advances in well
completion techniques.