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To: faucetman
How much longer are we going to sit on all this oil? The FEDS own most of the land.

Uhm, no they don't. It is mostly private land. That is why they have been drilling it extensively for years. They have made North Dakota the 2nd largest oil producing state (after Texas).

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Known Bakken oil reserves is not something new.

No, but the combined technology of hydraulic fracturing with steerable horizontal drilling and 3D seismic to track the lateral placement is relatively new. Until this century, it wasn't economic to produce these tight formations. Hydraulic Fracturing began back in 1947, but without the other two, it was not economic enough to attract the investment we have seen over the last decade.

14 posted on 07/02/2013 7:46:34 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I wonder how much each well flows on the average, you would have to have a huge tank battery on site and massive trucking if no pipeline available. I know our company CenterPoint Field Services signed a deal with XTO or Exxon to build a lot of infrastructure and pipe the oil to a certain facility and it will leave there and go to a rail loading facility. I have heard anywhere from 1000BBL per day to 600BBL per day


15 posted on 07/02/2013 7:57:49 AM PDT by wild74
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