The Green River Formation’s 3 trillion barrels is not oil already separated from the rock, like what has been produced by drilling from the Bakken, Eagle Ford and other shales.
The Green River is a much less thermally mature formation. It contains Kerogen that has to be retorted (cooked) from the rock in order to then create a synthetic crude oil.
They are not the same thing and it is far more expensive to produce.
“The Green River Formation’s 3 trillion barrels is not oil already separated from the rock, like what has been produced by drilling from the Bakken, Eagle Ford and other shales.
The Green River is a much less thermally mature formation. It contains Kerogen that has to be retorted (cooked) from the rock in order to then create a synthetic crude oil.
They are not the same thing and it is far more expensive to produce.”
Same thing goes for the Monterey
OOIP is not the same as reserves