Whitecorvette
April 10th, 2008, 07:45 PM
BISMARCK, N.D. — The government estimates up to 4.3 billion barrels of oil can be recovered from the Bakken shale formation in North Dakota and Montana, using current technology.
The U.S. Geological Survey calls it the largest continuous oil accumulation it has ever assessed.
An assessment by USGS in 1999 found the Alaska National Wildlife Refuge had 10.3 billion barrels of recoverable oil, said Brenda Pierce, a geologist for the agency
• Click here to visit FOXNews.com's Natural Science Center.
The Bakken Formation encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba.
About two-thirds of the acreage is in western North Dakota, where the oil is trapped in a thin layer of dense rock nearly two miles beneath the surface.
Companies use pressurized fluid and sand to break pores in the rock and prop them open to recover the oil.
Donald Kessel, vice president of Houston-based Murex Petroleum Corp., said he believes the Geological Survey's assessment of how much oil can be recovered in the Bakken may be a little on the high side.
http://www.foxnews.com/story/0,2933,349728,00.html
The U.S. Geological Survey calls it the largest continuous oil accumulation it has ever assessed.
An assessment by USGS in 1999 found the Alaska National Wildlife Refuge had 10.3 billion barrels of recoverable oil, said Brenda Pierce, a geologist for the agency
• Click here to visit FOXNews.com's Natural Science Center.
The Bakken Formation encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba.
About two-thirds of the acreage is in western North Dakota, where the oil is trapped in a thin layer of dense rock nearly two miles beneath the surface.
Companies use pressurized fluid and sand to break pores in the rock and prop them open to recover the oil.
Donald Kessel, vice president of Houston-based Murex Petroleum Corp., said he believes the Geological Survey's assessment of how much oil can be recovered in the Bakken may be a little on the high side.
http://www.foxnews.com/story/0,2933,349728,00.html