There is oil there but how much will require a new seismic survey with the latest technology to determine how extensively distributed the oil is. The US has been drilling in the Bakken formation since the year 2000 and it produces light sweet crude. How much is really there will need an extensive seismic survey.
“There is oil there but how much will require a new seismic survey with the latest technology to determine how extensively distributed the oil is.”
I worked for a company in Houston that sold survey maps for oil deposits that were small, hard to get to etc... there is a lot of oil and gas out there. It’s just expensive to get. Plus, a lot of it is under private lands. Now that gas and oil are up there in price- more and more smaller companies will be out drilling and looking.