Anyone have any information why this doesn't show up on USGS radar?
Posted on 08/29/2006 4:03:39 AM PDT by saganite
Oil drilling in NDak? It's nothing Congress can't screw up.
bump
Hey, send FEMA trailers that aren't good enough for many Katrina evacuees. I'm sure roughnecks won't complain a bit. They'll even be willing to pay rent.
It'd beat the hell out of sleeping in theback seat of the F-250 diesel dually.
Western North Dakota has large oil reserves. By some estimates, it has more oil than the Arctic National Wildlife Refuge. A federal government geologist estimated a formation called the Bakken shale holds 400 billion barrels of oil.
Notice the amount of potential reserves mentioned? That's more than the entire Middle East and it's not shale oil. It can be recovered with normal drilling.
Now, if the Greenies don't bring enviromental lawsuits and screw things up...
Oil drilling in North Dakota? Nah, too close to the seashore, it will damage our beaches.
Yes, the Environmentalwhackos will be wanting to protect this valuable and pristine caribou range.
What about all the praire dog habitat that will be destroyed?
HAVE WE NO SHAME?!?!?!
Anyone have any information why this doesn't show up on USGS radar?
The assessment has been ongoing and any hard and fast estimates by the USGS would have come out this year. You won't see that on a chart dated 2005.
Because it hasn't been assessed recently by the USGS, the source of your map. Current USGS surveys put the amount of recoverable oil in the Bakken reserve at about 500 million but more recent assessments put the amount of oil between 200-500 Billion barrels. Senator Dorgan (I think that's right) has asked for an immediate survey to reassess the formation but the USGS says the next survey will be conducted in '08. Google Bakken shale if you're interested in more detail.
Hello Smokin' Joe. You say the assessment is ongoing? Does that mean the USGS is in there now or are you talking about the state's assessment? Last I read was that the USGS wouldn't get around to it for more than a year.
Thank you.
Advances in horizontal drilling should make this a productive development.
Currently, as Enbridge is the main pipeline player, Canadian oil will likely continue to get a preference.
I hear rumors of a railhead operation in the works, (truck the oil in and send it out in tank cars), but there have been no announcements as of yet.
When clean 35 gravity sweet crude is being discounted by $30/bbl in today's market, that leaves a bit of room for inventiveness--and a middleman profit.
The state really wants to keep this going, the revenue is a boon. Me, too, as far as that goes, I like steady work. (I've been doing these wells for 5 years now).
Yep, the roaming herds of bison could be decimated.
A federal government geologist estimated a formation called the Bakken shale holds 400 billion barrels of oil... Hess production superintendent Virgil Miller says he's not expecting a bust at the end of this oil boom. "It might slow down a little bit, but I think it's going to be viable in the long term," says Miller. "Nobody thinks the price is going to go down that far. It's going to stay above $50 (per barrel), probably." The oil is in a layer of rock about two miles below the surface. But that layer is thin, perhaps five to 20 feet thick. So this rig drills down two miles, then gradually turns using a steerable drill bit, until it's drilling horizontally. It then bores through the rock layer for a mile. That increases the efficiency of oil extraction.
Oh I am sure there is some rare species of bat that all this drilling must be disturbing.
Okay, so if I fill up my tank at a Marathon station, will it be good for the oil industry of ND? I used to like Citgo, but now it seems that Hugo Chavez gets worse every time I go to a Citgo pump.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.