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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 resources in Saudi Arabia at 87 billion barrels (USGS 2000 World Petroleum Assessment) compared to a mean estimate of 4.3 billion barrels of undiscovered, technically recoverable continuous oil in the Bakken and Three Forks formations (USGS 2021 Bakken and Three Forks Assessment). 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.

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