Report on Bakken oil potential expected

Business Week ^ | 4/8/08 | JAMES MacPHERSON

[tatown]

A long-awaited federal report on oil that could be recovered in parts of North Dakota, Montana and two Canadian provinces is to be released this week. The Bakken shale formation encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba. About two-thirds of the acreage is in western North Dakota, where the oil is trapped in a thin layer of dense rock nearly two miles beneath the surface. Ron Ness, president of the North Dakota Petroleum Council, said the number of wells in the Bakken increased from about 300 in 2006 to 457 at the end of last year. ...

[tatown]

The report is due out on Thursday. Whatever they estimate the recoverable amount presently to be, the total will only go up over time as technology improves.

[ProfessorGage]

for later

[Michael.SF.]

Previous post on same subject.

I am selfishly keeping my fingers crossed.

[tatown]

Yes same subject except the story I’ve linked states that the report is due out on Thursday of this week.

[Michael.SF.]

yes, i saw that. the story i linked to contains a lot of good info including maps of the field. i thought you might find it helpful or of interest. i was not calling yours a double post.

[lesser_satan]

bump

[RandallFlagg]

When the librats shoot this down, be ready with these:
Gas Pump Stickers (What I'm doing about gas prices)

[bpjam]

Peak Oil Theory can kiss my lilly white @ss.

[kellynla]

BTTT

[kellynla]

Did you see this.

Lets keep our fingers crossed!!!

[RightWhale]

Peak Oil Theory

Velocity is not just a concept in physics.

[kellynla]

“The report is due out on Thursday?”

Have you heard anything?

[patton]

Standing by - but, this could be really interesting for oil futures.

[RightWhale]

this could be really interesting for oil futures

NYMEX crude oil closes at new record.

[patton]

Yesterday? $111 or some such. Short it.

[RightWhale]

NYMEX crude oil down 43 cents. Speculators are jumping out of windows, which means they have to shovel the snow out of the way of their basement apartment windows first.

[patton]

LOLOLOLOL

[kellynla]

Please do me a HUGE favor and ping me if & when the report comes out.
I would appreciate it very much, thanks.

Kelly

[patton]

If I see it, I will ping you - no worries, but this is not my forte. Just an interest I have been following.