A
Anonymous
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Big Muddy- FH, -- we could become oil barons :wink: :lol: This is a sales pitch- so take it for what its worth....
http://www.myersnextbestoilpick.com/index.html
First time I saw the map- so thought that was interesting...I've believed for years that this whole country has natural gas under it- as about every well they've poked down they've hit some type of gas- which has them cussing sometimes cause they are looking for oil..
With this new pipeline- and the northern border gasline going right thru the area- I think you'll see a whole lot more wells being utilized- even many that aren't pumping now because it costs so much to truck the crude to a refinery or pipeline....
http://www.myersnextbestoilpick.com/index.html
First time I saw the map- so thought that was interesting...I've believed for years that this whole country has natural gas under it- as about every well they've poked down they've hit some type of gas- which has them cussing sometimes cause they are looking for oil..
With this new pipeline- and the northern border gasline going right thru the area- I think you'll see a whole lot more wells being utilized- even many that aren't pumping now because it costs so much to truck the crude to a refinery or pipeline....
The Bakken Formation takes up about 25,000 square miles, stretching from Montana to Canada. Oil was discovered on the Bakken in 1951.
But back in 1951, no one knew the region’s potential. Now we do. Today, we have the science and technology to go where no man has gone before. Survey estimates are more accurate than ever. Not only can we “see” what’s under the property, technology advances, such as horizontal drilling and fracing lift recovery rates to new profitable highs as well.
Meanwhile, Dr. Price’s draft study continued to gather dust, until finally in 2006 industry experts from Canada, in collaboration with North Dakota Geological Survey and the state Oil and Gas Division, published their survey results.
Wouldn’t you know it, Dr. Price’s numbers were deemed quite accurate.
Up to 503 billion barrels of potential oil reserves are in place in the Bakken Formation.
It’s official now
Finally, the USGS, in its April 2008 report, tells us Western Standard Energy’s sitting on an area holding...
“... the largest USGS assessment in the lower 48 states and the largest continuous oil accumulation ever assessed by the agency.”
The United States Energy Information Administration (EIA) tells us...
“... with new drilling and completion technology taken into account, the resource base for the entire formation is potentially much larger.
And the US Department of Energy says...
“This could increase crude oil in America by billions of barrels
--------------------------------
By the way, the USGS’s April 2008 report also reveals that the Bakken holds about 3 trillion cubic feet (cft) of precious natural gas. Right here in the USA, and in Canada.
A closer look at the USGS 2008 report tells us there are...
“... 6,192 billion (that’s 6.19 trillion) cubic feet of shallow biogenic (continuous) undiscovered gas in the North-Central Montana Province.”
Notice the report specified “shallow.” Translation: easy (cheap) to recover. What’s more, this section of the Bakken is one of the places Western Standard Energy calls home.
http://www.myersnextbestoilpick.com/index.html