About the Bakken Formation
Does the Bakken formation contain more oil than Saudi Arabia?
However, the estimate of technically recoverable oil in the Bakken Formation 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, such as those in conventional accumulations. 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. For information concerning undiscovered oil and gas in Saudi Arabia, from the USGS 2000 World Petroleum Assessment, please see http://energy.cr.usgs.gov/WEcont/regions/reg2/r2saud.pdf.
Question: Is it true that the USGS released a report that states 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? Answer:
Yes, this information is true. The report was released in April 2008 and can be found online at http://pubs.usgs.gov/fs/2008/3021/.
For additional information go to: http://energy.cr.usgs.gov/oilgas/noga/ (choose Williston/Bakken in the interactive map to see all available documents).