Bakken Formation - 2 of 21

Bakken Formation FAQs - 21 Found

How long will it take to produce the volumes of oil and gas mentioned in the USGS report in the Bakken Formation?

We are unable to predict a time frame for possible production of any of the volumes we mention in our fact sheet but it is likely to be many decades. It takes several years between the discovery of an oil field and the initial production from that field.  Time is needed for activities such as permitting, leasing, collection of additional data (e.g., 3-D seismic), drilling exploration wells, discovering oil, drilling development wells, building surface infrastructure and pipeline, etc. in the calculation of how long it might take to achieve any of the probabilities mentioned.

 

Learn more: USGS National Oil and Gas Assessment (choose Williston Basin in the map to see all available documents and links).

Tags: Natural Resources, Energy, Gas, Oil, Bakken, Continuous Oil