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Three Forks Raising Oil Optimism
KXMBTV ^ | Oct 29 2009

Posted on 10/31/2009 3:34:19 PM PDT by george76

North Dakota sits on one of the largest pools of oil in North America.

The Bakken Shale Formation is estimated to hold nearly four billion barrels of oil that can be extracted.

And now, a new batch of oil just under the Bakken is adding even more interest to oil exploration in the state.

The Bakken Shale Formation has created excitement in western North Dakota - the kind of excitement that leads to things like bumper stickers. But even as oil companies scramble to tap into the Bakken, there's a new oil play brewing - it's called the Three Forks-Sanish Formation.

"As if the Bakken wasn't exciting enough, this just adds to it obviously."

"The Three Forks is a formation that sits immediately below the Bakken. And so it's really developed with similar technology to what we developed the Bakken with."

Wirth says Hess is treating it as evidence to support the company's expansion in North Dakota. Hess has doubled its workforce in the state to 300 in recent years. And others in the oil industry say Three Forks-Sanish could be another reason oil exploration in North Dakota will only continue to increase into the next decade.

(Excerpt) Read more at kxnet.com ...


TOPICS: Business/Economy; Canada; Extended News; US: Louisiana; US: North Dakota; US: Texas
KEYWORDS: bakken; bakkenshale; energy; gas; oil; oilexploration; shale
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Need a job ?
1 posted on 10/31/2009 3:34:19 PM PDT by george76
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To: thackney; Smokin' Joe; Rancher; BOBTHENAILER; freekitty; Marine_Uncle

North Dakota is the fourth-largest oil-producing state in the US.


2 posted on 10/31/2009 3:36:48 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

My brother was talking about this a couple of years ago. He said they have a REAL hard time keeping folks on. Mainly due to the high wages they pay. The locals and drifters used to getting paid minimum wage think they are rich after a month of work and quit so they can enjoy their wealth. (I worked oil rigs over the summer in college. I too thought I was rich!)

It isn’t for everyone, but if you can commit to it while the boom is on you can make good money.


3 posted on 10/31/2009 3:40:01 PM PDT by 21twelve (Drive Reality out with a pitchfork if you want , it always comes back.)
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To: george76

Wow! That’s enough to supply the USA for nearly 200 days!

But it would certainly help. A penny saved,... And the jobs would certainly help. IMO, drilling should be happening off of California and Florida, too, but the NIMBYs on those coasts own politics.


4 posted on 10/31/2009 3:46:13 PM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote)
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To: 21twelve; Grampa Dave

North Dakota has the lowest unemployment rate in the country.

If people would save / invest their money, then they would really help themselves.

Sad that it is asking too much for so many.


5 posted on 10/31/2009 3:47:23 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: familyop

North Dakota has surpassed Louisiana as the fourth-largest oil-producing state in the nation.

North Dakota produced 6.38 million barrels of crude in May. That edged out Louisiana, which had 6.34 million barrels for the month.


6 posted on 10/31/2009 3:51:04 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

I’m interested...what des the job entail and what sort of salary range?


7 posted on 10/31/2009 3:56:14 PM PDT by stefanbatory (Weed out the RINOs! Sign the pledge. conservativepledge.org)
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To: george76

Will the dimoKKKRATS put a halt to drilling for this new found oil?


8 posted on 10/31/2009 3:59:29 PM PDT by Parley Baer
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To: stefanbatory

Ditto that.


9 posted on 10/31/2009 4:08:25 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: stefanbatory

Ditto. Sounds interesting. Nothing’ much going on here in MI.


10 posted on 10/31/2009 4:09:37 PM PDT by MotorCityBuck (Page 73, Johnson, Navin)
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To: stefanbatory

Ditto. Sounds interesting. Nothing’ much going on here in MI.


11 posted on 10/31/2009 4:12:51 PM PDT by MotorCityBuck (Page 73, Johnson, Navin)
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To: george76

better get to it before china does <*|s off>


12 posted on 10/31/2009 4:20:21 PM PDT by stylin19a
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To: stefanbatory
Jobsnd.com

Check at the link, enter the maximum radius of 50 miles from and the zip codes for Williston (zip 58801), Dickinson (58601), New Town (58763), Beulah (58523), Minot (58701), Bowman (58623), Crosby (58730), which pretty much covers the Williston Basin.

There are a variety of jobs available, pay rates (and qualifications) vary.

If you are a class A truckdriver with hazmat, liquids, and doubles and winter driving experience, there are a number of outfits looking for crude oil and or bulk fuel haulers. (most Bakken oil is 'sweet', but on some non-Bakken locations, there is sour crude (contains H2S) and precautions and training will be needed for that --usually set up by the employer. If you have/have had it it is a plus.

Check out housing before making a move and get a place lined up. Be ready for the weather, anticipate extreme cold in winter with temps commonly reaching -30F or colder, depending on where you are, and wind speeds of 20 mph are common.

13 posted on 10/31/2009 4:22:47 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: stefanbatory

Not an offer of a job by me, but North Dakota has the lowest unemployment rate in the nation.

This there seems to be opportunities there ( not just energy jobs ) . But do not go there without some reseacrh first. IMO


14 posted on 10/31/2009 4:23:27 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

I’m ready to move there when the governor tells the Obamaloon and his flunkouts to shove his carbon up his Obama.

I’ll then turn up the heat during the winter with windows open, run the AC full up in the summer and plant a giant finger in the front yard with a sign daring any pimply, beta Harvard flunkouts to come into my yard and touch my SUV.

Oh, there’ll be a statue of the Obamaloon there for folks to piss on.


15 posted on 10/31/2009 4:31:15 PM PDT by Da Coyote
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To: familyop
Wow! That’s enough to supply the USA for nearly 200 days!

Wow! That's exactly the same argument used by the Democrats to keep us from drilling in ANWR! Seriously, what a stupid comment. Added to the 8 1/2 million barrels the United States already produces each day, this would be a handy supplement.

How long should a newly-discovered oil deposit support our entire usage before you would consider it worthy?

16 posted on 10/31/2009 4:33:22 PM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: familyop
We use about 20 million bbl/d, if Bakken’s play is 4.3 billion barrels and the Sanish formation is rated equal, see below.

(I think it's a big deal, and we're pretty fired up about it... Eventually it could equal the Bakken, which is remarkable... and that is an understatement. That could literally double the potential we have — a Bakken 2, if you will.”)

It's a lot more than 200 days, more like 10 years or so.

17 posted on 10/31/2009 4:42:51 PM PDT by Recon Dad (SSGT O - 3rd Afghanistan Deployment - Day 11 getting to FOB)
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To: familyop
Wow! That’s enough to supply the USA for nearly 200 days!

It is less money for bombs and training for the religion of peace.

18 posted on 10/31/2009 4:46:15 PM PDT by FreeAtlanta (There is no "O" in Transparency.)
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To: BfloGuy
I just answered the post you did check mine out #17. I've been following energy for a while. The North American Continent is flush with energy.
19 posted on 10/31/2009 4:48:29 PM PDT by Recon Dad (SSGT O - 3rd Afghanistan Deployment - Day 11 getting to FOB)
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To: Recon Dad

4.3 billion divided by 20 million barrels per day is 215 days.

Still well worth going after. It is many years worth of replacing Middle East Oil imports.


20 posted on 10/31/2009 4:52:35 PM PDT by thackney (life is fragile, handle with prayer)
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