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Bakken Field is 25% bigger then previously forecast. There are the off shore fields off Brazil and in the Gulf of Mexico that have been discovered in the last 18 months and the oil sands under development in Alberta. The expand fields in the North Sea. The Iraqi reserves etc etc etc.

You must be management if you been in the feild 35 years and don't know any of this.

Again, it is you who have no clue about what you are talking about. You are basing your opinion (underlined) on conflicting reports that are mostly clueless in their own respect.

The FACTS are, nobody knows the true nature of the reserves in the Williston Basin. It is based on pure speculation from all parties involved.

The formation in question also has barely a 5% recovery rate on the average, so those estimates are not very reliable.

I work closely with the USGS in handling their estimates because we drill mostly on BLM lands. Many of the wells that were drilled there were expected to yield huge volumes based on those estimates, but the actual recovery rate was marginal.

You really have much to learn, but what you lack in knowledge, you certainly make up for in arrogance.

Just in passing, m'friend, Bakken is almost certainly (note those words, please) way richer than the recent headline-grabbing goobermint WAG, uh, pardon me, ''estimate''.

And Bakken pales before the potential yield from CO & UT shales. 'Course, we have to get the politicians' and environazis' thumbs out of their bum before we'll see much production from those shales.