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Does the Bakken Formation contain more oil than Saudi Arabia?

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 Bakken formation of 4.3 billion barrels. In addition, Saudi Arabia contains even more oil that has already been found, which is reported by the U.S. Energy Information Administration as current proven oil reserves.

Learn more: Williston Basin Oil and Gas Assessments

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