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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Related Content
What are "technically recoverable" oil and gas resources?
“Technically recoverable” means that the oil and/or gas can be produced using currently available technology and industry practices. This is regardless of any economic or accessibility considerations. For example, the technology required to produce oil from a location might exist, but it costs more than the oil is worth. The oil is still technically recoverable. Learn more: USGS Energy Assessments...
How is hydraulic fracturing related to earthquakes and tremors?
Reports of hydraulic fracturing causing felt earthquakes are extremely rare. However, wastewater produced by wells that were hydraulic fractured can cause “induced” earthquakes when it is injected into deep wastewater wells. Wastewater disposal wells operate for longer durations and inject much more fluid than the hydraulic fracturing operations. Wastewater injection can raise pressure levels in...
Why does the USGS decide to reassess oil and gas formations?
The USGS regularly re-examines our assessments to see if updated information warrants a reassessment. Sometimes more information is available either from USGS research or industry production, and the USGS decides to conduct a new assessment. Learn more: USGS Energy Assessments
Why do USGS oil and gas resource assessments differ from other oil and gas assessments from other agencies or industry?
This question cannot be answered clearly because the methods used by those organizations to estimate oil and gas resource volumes are often not publicly available to compare step-by-step. One common reason different organizations get different results is based on what the assessments include. USGS estimates are for undiscovered, technically recoverable oil and gas resources. The USGS does not...
What is the difference between assessed oil and gas “resources” and “reserves”?
“Reserves” are quantities of oil and gas that are already discovered, recoverable, and commercial. Domestic reserves are tracked by the U.S. Energy Information Administration. The USGS assesses “undiscovered, technically recoverable resources,” which are those that are estimated to exist based on geologic knowledge and theory. Learn more: USGS Energy Resource Assessments
Assessment of continuous oil and gas resources in the Bakken Formation of northwest Montana, 2022
Characterization and origin of brines from the Bakken-Three Forks petroleum system in the Williston Basin, USA
Assessment of water and proppant quantities associated with petroleum production from the Bakken and Three Forks Formations, Williston Basin Province, Montana and North Dakota, 2016
Assessment of undiscovered oil resources in the Bakken and Three Forks Formations, Williston Basin Province, Montana, North Dakota, and South Dakota, 2013
Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Bakken Formation, Williston Basin, Montana and North Dakota, 2008
A resource evaluation of the Bakken Formation (Upper Devonian and Lower Mississippian) continuous oil accumulation, Williston Basin, North Dakota and Montana
Developing an oil generation model for resource assessment of the Bakken Formation, U.S. portion of the Williston Basin
Related Content
- FAQ
What are "technically recoverable" oil and gas resources?
“Technically recoverable” means that the oil and/or gas can be produced using currently available technology and industry practices. This is regardless of any economic or accessibility considerations. For example, the technology required to produce oil from a location might exist, but it costs more than the oil is worth. The oil is still technically recoverable. Learn more: USGS Energy Assessments...
How is hydraulic fracturing related to earthquakes and tremors?
Reports of hydraulic fracturing causing felt earthquakes are extremely rare. However, wastewater produced by wells that were hydraulic fractured can cause “induced” earthquakes when it is injected into deep wastewater wells. Wastewater disposal wells operate for longer durations and inject much more fluid than the hydraulic fracturing operations. Wastewater injection can raise pressure levels in...
Why does the USGS decide to reassess oil and gas formations?
The USGS regularly re-examines our assessments to see if updated information warrants a reassessment. Sometimes more information is available either from USGS research or industry production, and the USGS decides to conduct a new assessment. Learn more: USGS Energy Assessments
Why do USGS oil and gas resource assessments differ from other oil and gas assessments from other agencies or industry?
This question cannot be answered clearly because the methods used by those organizations to estimate oil and gas resource volumes are often not publicly available to compare step-by-step. One common reason different organizations get different results is based on what the assessments include. USGS estimates are for undiscovered, technically recoverable oil and gas resources. The USGS does not...
What is the difference between assessed oil and gas “resources” and “reserves”?
“Reserves” are quantities of oil and gas that are already discovered, recoverable, and commercial. Domestic reserves are tracked by the U.S. Energy Information Administration. The USGS assesses “undiscovered, technically recoverable resources,” which are those that are estimated to exist based on geologic knowledge and theory. Learn more: USGS Energy Resource Assessments
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- Publications
Assessment of continuous oil and gas resources in the Bakken Formation of northwest Montana, 2022
Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of 220 million barrels of continuous oil and 1 trillion cubic feet of continuous gas in the Bakken Formation of northwest Montana.AuthorsChristopher J. Schenk, Michael H. Gardner, Tracey J. Mercier, Cheryl A. Woodall, Phuong A. Le, Andrea D. Cicero, Ronald M. Drake, Geoffrey S. Ellis, Thomas M. Finn, Sarah E. Gelman, Jane S. Hearon, Benjamin G. Johnson, Jenny H. Lagesse, Heidi M. Leathers-Miller, Kristen R. Marra, Kira K. Timm, Scott S. YoungCharacterization and origin of brines from the Bakken-Three Forks petroleum system in the Williston Basin, USA
Brine (also referred to as ‘produced water’) samples were collected from 28 wells producing oil from the Late Devonian-Early Mississippian Bakken and Three Forks Formations in the Williston Basin of eastern Montana and western North Dakota. The samples were analyzed for major ions, trace metals, stable isotopes, and strontium isotopes. The brines in these formations are highly saline with total diAuthorsZell E. Peterman, Joanna N. Thamke, Kiyoto Futa, Thomas A. OliverAssessment of water and proppant quantities associated with petroleum production from the Bakken and Three Forks Formations, Williston Basin Province, Montana and North Dakota, 2016
The U.S. Geological Survey (USGS) has completed an assessment of water and proppant requirements and water production associated with the possible future production of undiscovered oil and gas resources in the Three Forks and Bakken Formations (Late Devonian to Early Mississippian) of the Williston Basin Province in Montana and North Dakota. This water and proppant assessment is directly linked toAuthorsSeth S. Haines, Brian A. Varela, Sarah J. Hawkins, Nicholas J. Gianoutsos, Joanna N. Thamke, Mark A. Engle, Marilyn E. Tennyson, Christopher J. Schenk, Stephanie B. Gaswirth, Kristen R. Marra, Scott A. Kinney, Tracey J. Mercier, Cericia D. MartinezAssessment of undiscovered oil resources in the Bakken and Three Forks Formations, Williston Basin Province, Montana, North Dakota, and South Dakota, 2013
Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 7.4 billion barrels of oil, 6.7 trillion cubic feet of associated/dissolved natural gas, and 0.53 billion barrels of natural gas liquids in the Bakken and Three Forks Formations in the Williston Basin Province of Montana, North Dakota, and South Dakota.AuthorsStephanie B. Gaswirth, Kristen R. Marra, Troy A. Cook, Ronald R. Charpentier, Donald L. Gautier, Debra K. Higley, Timothy R. Klett, Michael D. Lewan, Paul G. Lillis, Christopher J. Schenk, Marilyn E. Tennyson, Katherine J. WhiddenAssessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Bakken Formation, Williston Basin, Montana and North Dakota, 2008
The U.S. Geological Survey (USGS) has completed an assessment of the undiscovered oil and associated gas resources of the Upper Devonian to Lower Mississippian Bakken Formation in the U.S. portion of the Williston Basin of Montana and North Dakota and within the Williston Basin Province. The assessment is based on geologic elements of a total petroleum system (TPS), which include (1) source-rock dAuthorsR. M. Pollastro, L. N. R. Roberts, T. A. Cook, M. D. LewanA resource evaluation of the Bakken Formation (Upper Devonian and Lower Mississippian) continuous oil accumulation, Williston Basin, North Dakota and Montana
The Upper Devonian and Lower Mississippian Bakken Formation in the United States portion of the Williston Basin is both the source and the reservoir for a continuous oil accumulation - in effect a single very large field - underlying approximately 17,800 mi2 (46,100 km2) of North Dakota and Montana. Within this area, the Bakken Formation continuous oil accumulation is not significantly influencedAuthorsJ. W. SchmokerDeveloping an oil generation model for resource assessment of the Bakken Formation, U.S. portion of the Williston Basin
No abstract available.AuthorsK. B. Krystinik, Ronald R. Charpentier - News