3 to 4 Billion Barrels of Oil in Bakken Formations

Interesting the fourth column did not report this. How many other undiscovered oil supplies exist. If we did hit this and other supplies under US soil we could eliminate all need on foreign oil. The immediate start of development would cause oil prices to bottom out save Americans untold amounts of money.

Unfortunately our liberal leaders are preventing us from becoming independant of foreign oil.

Email I received.

The U.S. Geological Service issued a report in April (’08) that only scientists and oilmen knew was coming, but man was it big. It was a revised report (hadn’t been updated since ’95) on how much oil was in this area of the western 2/3 of North Dakota; western South Dakota; and extreme eastern Montana … check THIS out:

The Bakken is the largest domestic oil discovery since Alaska’s Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable… at $107 a  barrel, we’re looking at a resource base worth more than $5.3 trillion.

‘When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.’ says Terry Johnson, the Montana Legislature’s financial analyst.

 ‘This sizable find is now the highest-producing onshore oil field found in the past 56 years,’ reports The Pittsburgh Post Gazette. It’s a formation known as the Williston Basin, but is more commonly referred to as the ‘Bakken.’ And it stretches from Northern Montana, through North Dakota and into Canada. For years, U.S.oil exploration has been considered a dead end. Even the ‘Big Oil’ companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken’s massive reserves… and we now have access of up to 500 billion barrels And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That’s enough crude to fully fuel the American economy for 41 years straight.

2. And if THAT didn’t throw you on the floor, then this next one should – because it’s from TWO YEARS AGO, people!

 U.S.Oil Discovery- Largest Reserve in the World!

 Stansberry Report Online – 4/20/2006 Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

  • 8-times as much oil as Saudi Arabia
  • 18-times as much oil a s Iraq
  • 21-times as much oil as Kuwait
  • 22-times as much oil as Iran
  • 500-times as much oil as Yemen- and it’s all right here in the Western United States.

HOW can this BE? HOW can we NOT BE extracting this!? Because the democrats, environmentalists and left wing republicans have blocked all efforts to help America become independent of foreign oil.

James Bartis, lead researcher with the study says we’ve got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels. Untapped. That’s more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Don’t think ‘OPEC’ will drop its price – even with this find? Think  again! It’s all about the competitive marketplace, – it has to.

Got your attention fired up yet?  Hope so!  Now, while you’re thinking about it … and hopefully so.. do this:

3. Take 10 minutes and compose an e-mail; fax or good old-fashioned letter to all your friends and associates. Alert them to the fact that democrats and ‘liberal’ republicans have been and will continue to obstruct all plans to make America independent of foreign oil. The only solution is to vote all democrats and Marxist oriented republicans out of office.

If you don’t take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices .. because by doing NOTHING, you’ve forfeited your right to complain.

 Glenn T Swindle

The Report

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—
Released: 4/10/2008 2:25:36 PM

For a podcast interview with scientists about the Bakken Formation, listen to episode 38 of CoreCast at http://www.usgs.gov/corecast/.

Results of the assessment can be found at http://energy.usgs.gov.

At the time of the assessment, a limited number of wells have produced oil from three of the assessments units in Central Basin-Poplar Dome, Eastern Expulsion Threshold, and Northwest Expulsion Threshold. 
The Elm Coulee oil field in Montana, discovered in 2000, has produced about 65 million barrels of the 105 million barrels of oil recovered from the Bakken Formation.

Contact Information:
U.S. Department of the Interior, U.S. Geological Survey
Office of Communication
119 National Center
Reston, VA 20192
Clarice Nassif Ransom 1-click interview 
Phone: 703-648-4299 

David Ozman 1-click interview 
Phone: 720-244-4543 

Reston, VA – 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.

A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil.

Technically recoverable oil resources are those producible using currently available technology and industry practices. USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources.

New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes. About 105 million barrels of oil were produced from the Bakken Formation by the end of 2007.

The USGS Bakken study was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol as required by the Energy Policy and Conservation Act of 2000.

The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest “continuous” oil accumulation ever assessed by the USGS. A “continuous” oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest “continuous” oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil.

“It is clear that the Bakken formation contains a significant amount of oil – the question is how much of that oil is recoverable using today’s technology?” said Senator Byron Dorgan, of North Dakota. “To get an answer to this important question, I requested that the U.S. Geological Survey complete this study, which will provide an up-to-date estimate on the amount of technically recoverable oil resources in the Bakken Shale 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.

USGS worked with the North Dakota Geological Survey, a number of petroleum industry companies and independents, universities and other experts to develop a geological understanding of the Bakken Formation. These groups provided critical information and feedback on geological and engineering concepts important to building the geologic and production models used in the assessment.

Five continuous assessment units (AU) were identified and assessed in the Bakken Formation of North Dakota and Montana – the Elm Coulee-Billings Nose AU, the Central Basin-Poplar Dome AU, the Nesson-Little Knife Structural AU, the Eastern Expulsion Threshold AU, and the Northwest Expulsion Threshold AU.

At the time of the assessment, a limited number of wells have produced oil from three of the assessments units in Central Basin-Poplar Dome, Eastern Expulsion Threshold, and Northwest Expulsion Threshold. 
The Elm Coulee oil field in Montana, discovered in 2000, has produced about 65 million barrels of the 105 million barrels of oil recovered from the Bakken Formation.

Results of the assessment can be found at http://energy.usgs.gov.

For a podcast interview with scientists about the Bakken Formation, listen to episode 38 of CoreCast at http://www.usgs.gov/corecast/.


5 Responses

  1. If people would do some research when they get emails like the one posted above they may learn some things. Rather than just making ignorant comments about politicians and our system you would find that many companies have been drilling in Bakken for years now. Our government is not stopping any of them from drilling as much as they can. Drilling in Bakken is difficult and costly not to mention the availability of oil rigging equipment is hard to come by and very expensive.

    I think we all agree we need to do more to rid our nation of its dependency on foreign oil but rather than blindly bashing politicians we should educate ourselves and seek out ways we can be part of the solution and not push along ignorant email chains to our friends and family’s.

  2. You received it in email! Well then, how could it not be true?! Your little Republican brain must’ve exploded when it said that liberals are stopping it. Oh my, those damn liberals hate America and love terrorists. McCain will solve this problem. Drill, baby, Drill!

    I found this idiot’s site when my parents got the same mail forwarded to them and I had to explain it wasn’t true. Hint: search Snopes.

    It’s amazing what stupid people believe.

  3. Craig and Dumbass,
    You miss the point here as most liberals always do.
    Snopes is great and fine in terms of the numbers for this email, but as I said in my post, if we tapped all of our UNKNOWN resource of oil in the US, including off shore drilling, we can free ourselves from foreign oil long enough to develop cheap realistic alternatives.

    I never said this in itself was going to solve the problem, but it is part of the solution.

    Craig, yes we have done minimal drilling their since 2000, but hardly enough to put a dent in it. The area is not that difficult to drill in for the accessible oil, the problem comes in when trying to reach the oil beyond the 4 million barrels. As for equipment, if this were truly open to the oil companies then the equipment and rigging would come, it is simple economics, if they can make money they will provide the tools to do so. The oil companies have the money to invest, by legislation limits what they can do.

    As for the Dumbass, I have been pushing for domestic development for a long time. Alternative energy sources are still expensive and we still do not know the full effect of our actions. Only last year they found that ethanol is worse for our environment, by prior to that is was THE SOLUTION of the liberals like yourself.

    I would venture to say you are not a retard as your post indicates, but rather an idiot.

    It is a good thing you can teach your parents that the email is false, but as I already said, I never claimed it was true. What is true is there is an unknown amount of oil we could use and access.

    If this was not the case, the liberals would not have put into place legislation blocking it. And they would not have made the political play to let it expire in a presidential election year for fear of loosing the election to McCain.

  4. It’s still all too obvious who is both a retard and an idiot…… all those ignorant radical WRONG – wing conservative political extremist bigot types who still need an education about a lot of things.

  5. Chris,
    Thank you for you highly intelligent post. As usual the liberal mind with its strong arguments and compelling facts…

    Now why don’t you go get educated on at least one thing.

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