The Silence of Crickets Over the Bakken Formation

NoisyRoom.net ^ | 5-2-2010 | Terresa Monroe-Hamilton

[Whenifhow]

Very little has been written about the Bakken Formation and the rich oil reservoir just beneath it in western North Dakota. This recently discovered oil depository potentially holds 1.9 billion barrels in the Three Forks-Sanish formation.

For years, the oil industry have known about this oil field, but it was too costly to explore and the technology was not yet available. That is all changing now. The question is whether the EPA, environmentalists and our oppressive government will allow the exploration and harvesting of this tremendous resource that would greatly aid the US in their need for cheap, accessible energy and loosen our ties to the Middle East and other nations who hold us in a virtual energy stranglehold.

Snip

So the government will stall on this like they have done on all drilling efforts to appease the left-wing kook environmentalists in their ranks, while Americans run out of energy, pay massively rising energy costs and keep plummeting down the Depression-hole. I don’t know why we would expect anything different at this point. Certainly not fiscal and national sanity.

A very special thanks to Nancy Jacques for the tip…

Other news resources on this topic can be found here:

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—

National Assessment of Oil and Gas Fact Sheet

FAQ’s about Bakken Formation

[Whenifhow]

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate—

http://www.usgs.gov/newsroom/article.asp?ID=1911

National Assessment of Oil and Gas Fact Sheet

http://pubs.usgs.gov/fs/2008/3021/pdf/FS08-3021_508.pdf

FAQ’s about Bakken Formation

http://www.usgs.gov/faq/Subject.asp?category_id=94

[Para-Ord.45]

bm

[nkycincinnatikid]

Since Ted Turner has pretty bought up ND , CNN will be screaming drill here drill now!

[EternalVigilance]

Bump!

[Windflier]

It’s only a matter of time before that rich bounty is tapped and refined into valuable petroleum products.

Let’s just hope it’s by an American company, and not the Chinese.

[digger48]

Isn’t this part of a huge swath of land that Obama wants to (or already did) Federalize?

[upchuck]

If this involves the extraction of any fuel that contains stored energy, such as oil, nuclear, etc., the environuts will have a hissy fit. They demand fuel sources that do not contain stored energy, such as solar (what happens on a cloudy day), wind (what happens when the wind is not blowing), etc.

Ever notice that?

[BOBTHENAILER]

No, it isn’t-—that’s mainly Utah.

[BOBTHENAILER]

Lease sale put on hold for Climate Change lawsuit

http://billingsgazette.com/news/state-and-regional/montana/article_a8d908e8-32c4-11df-be84-001cc4c03286.html

[BOBTHENAILER]

It's being developed as we speak and in a big way. However, as usual, we have the enviro-nazis to deal with. See my link above for a despicable lawsuit.

At issue are the greenhouse gases emitted by drilling machinery and industry practices such as venting natural gas directly into the atmosphere.

Environmentalists — who sued when the Montana leases were sold in 2008 — argued the industry has allowed too much waste and uses inefficient technologies that could easily be updated.

[Whenifhow]

This article appeared March 2, 2010

DEMINT: White House land grab

http://www.washingtontimes.com/news/2010/mar/02/white-house-land-grab/

[PugetSoundSoldier]

Silence because, in the real world, 4 billion barrels isn’t much at all. It’s about 200 days of the US oil needs. Is it worth development of a new field and infrastructure for 7 months of production? That’s the real question, and why there’s little talk about the find.

[EternalVigilance]

Great reminder. Thanks.

http://www.aipnews.com/talk/forums/thread-view.asp?tid=13824&posts=2#M36950

[EternalVigilance]

I think you need to rethink your numbers.

[RoadTest]

All that’s standing between America and energy independence is Democrats.

[upsdriver]

Here are some real numbers about oil exploration happening here in ND.

https://www.dmr.nd.gov/oilgas/directorscut.pdf

[jsh3180]

There’s lot’s of exploration, drilling and exploration already going on in the Baaken. The first news I recall on the area was maybe 18 months ago. There are public companies that trade on US exchanges working there. I know, cause I played many of the stocks when I first heard about the area.

Brigham Exploration (BEXP)
Northern Oil & Gas (NOG)
Gran Tierra Energy (GTE)
EOG Resources (EOG)
Kodiak Oil & Gas (KOG)
Continental Resources (CLR)
GEOI Energy (GEOI)

[Et seq]

Thankfully the Ted Turner land grab is centered in Montana.

Most of the land in the Bakken is in the hands of farmers and ranchers who have had the land in their families for generations. The majority are not selling the land, just leasing out the mineral rights.

[MattinNJ]

I’m no math expert, but 4 billion barrels x $ 70.00 a barrel would put a dent in our national debt.

[Frantzie]

S Texas has a formation being worked not called Eagle Ford Shale.

http://oilshalegas.com/eaglefordshale.html

Domestic energy production of all types is the ONLY thing that will keep America from going bankrupt. Energy production creates wealth, jobs and tax revenue.