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BISMARCK, N.D. — The government estimates up to 4.3 billion barrels of oil can be recovered from the Bakken shale formation in North Dakota and Montana, using current technology.
The U.S. Geological Survey calls it the largest continuous oil accumulation it has ever ass
"That's a lot of zeros," Kessel said Thursday.
Kessel said his company was the first to get a producing well in the Bakken in North Dakota three years ago. The company now has about 20 producing wells.
The report released Thursday by USGS was done at the request of Sen. Byron Dorgan, D-N.D., over the past 18 months.
A study by the USGS in 1995 found 151 million barrels of oil could be recovered from the Bakken using technology at that time.
"This is great news," Dorgan said of the new report. "This is 25 times the amount of the previous assessment."
Friday on The Ed Schultz Show!
David Shuster, of MSNBC, joined the 2nd hour of Friday's show.
Sen. Byron Dorgan, D-ND, joined the 2nd hour of Friday's show to discuss the a new and major oil find in North Dakota.
Ron Ness of the North Dakota Petroleum Council joined the 3rd hour of Friday's show to discuss a major oil find in North Dakota.
Dave Cermak with CA40 joined the 3rd hour of Friday's show to discuss the fuel additive that works.
Originally posted by DalairTheGreat
All ,half or none?
Originally posted by enigma77BUT, we need to remember that oil is not used for fuel alone.
Originally posted by seeker83
WOW! 4.3BILLION barrels in South Dakota! Heck, its too bad though that the big oil companies will still continue to resrict the supply just to further screw us over.