Bakken Formation

 Probably not. In 2000, the USGS assessed undiscovered technically recoverable oil and gas in Saudi Arabia at 87 billion barrels (USGS 2000 World Petroleum Assessment ) compared to a mean estimate of undiscovered, technically recoverable oil in the...
 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...
 The USGS does not maintain statistics on oil production or information on consumption.  However, production information can be obtained from publicly available sources like the North Dakota Department of Mineral Resources, Oil and Gas Division, and/or...
Yes, this information is true. The report was released in April 2008. Additionally, in April 2013, the USGS has updated its 2008 assessment of the Bakken Formation and that assessment determined that from 4.4 to 11.4 billion barrels of technically...
Oil is produced from the Bakken Formation in a manner that is a refinement of traditional oil field practice.  Traditional oil fields produce from rocks with relatively high porosity and permeability, so oil flows out fairly easily.  In contrast, the...
 We do not have any current information on drilling costs.  Recovery of oil drilling and production costs vary by geographic location, the cost of drilling materials like pipe, and the demand for services at the time.  The drilling industry also tends to...
 USGS resource estimates are different from oil reserves estimates.  Undiscovered, technically recoverable resources are those resources that have yet to be found (drilled), but if found, could be produced using currently available technology and...
Concerning future drilling plans, please contact the Montana Department of Natural Resources and Conservation, Board of Oil and Gas Conservation, and/or North Dakota Department of Mineral Resources, Oil and Gas Division. Learn more: USGS National Oil and...
For information on what companies are drilling or current drilling activity (lease ownership, who owns which wells, etc.) in the Bakken Formation, check with the North Dakota Department of Mineral Resources, Oil and Gas Division, and/or the Montana...
 Resources that, if found, could be produced using currently available technology and industry practices. Learn more: USGS National Oil and Gas Assessment (choose Williston Basin in the map to see all available documents and links) OR check the Energy...