Bakken Oil

This deposit is ten times the reserves of Saudi Arabia and the minimum operating would solve the country's crisis in oil prices and alleviate all the dependence on foreign oil. What's up? And why should not we make more noise?

http://www.green-planet-solar-energy.com ...

Do not really know where you get your information but it is out of line.
When he is done with anywhere, there could be a few million barrels recoverable in certain areas in the Bakken, but it is far from being in the same park with any field in Saudi Arabia.

Here are the findings of a reservoir engineer (usually optimistic) after investigating all know about the training:

Conclusions

1. The Bakken shale has produced about 111 million barrels of oil over the past 50 + years in Montana and North Dakota.

2. Total Bakken production continues to increase, and the production rate of 75,000 barrels per day in October 2007.

3. rate due to the highly variable nature of shale reservoirs, the characteristics of the Bakken production history, and by the fact that many seem to have peaked, it seems unlikely that total Bakken exceed 2x to 3x current rate of 75,000 barrels / day.

4. The last arrow in the Bakken production is driven by the application of horizontal wells and hydraulic breaking technology, which added approximately 70 million barrels of production during the 7 years. ultimate recovery from wells already drilled should be at least double this volume.

5. The USGS estimates that the average volume of technically recoverable oil at 3.649 million barrels of oil. This represents approximately 7 to 12 times the size of already known resources.

6. Based on current production and areas likely to be drilled, the USGS estimate of technically recovery resources seems optimistic.

7. The Bakken potential resource, while large by U.S. standards on the ground to land, have only a minor effect on U.S. production or imports. Using 2006 U.S. imports and consumption for comparison, the Bakken to discover resources of 3.649 million barrels of oil, if subsequently discovered and fully developed, would give us the equivalent of six months of oil consumption or 10 months of imports, spread over 20 or more years. In reality, the reserves developed are likely to be several times lower than this value.

8. The October 2007, the production rate of 75,000 barrels per day amounts to only 0.4% of oil consumption in the United States, or 0.6% of imports.

9. Per-well production peaked Bakken in August 2005 to 116 barrels per day, and decreased to 79 barrels per day in October 2007. If the Bakken production history in the 1990s can be used as a guide, the peak of production per well may signal a peak in the total Bakken.