A friend who is the regional manager in ND for Enercrest Corp sent an email about what's going on up there. He said its like a boom town, only it involves three states.
In the three counties he serves, he said there are about 75 drilling rigs going day and night. The strange thing is that oil has been being taken from the area known as the Bakken Formation since 1951. In 2007, a Houston company, EOG Resources drilled a well that was estimated to produce 700,000 barrels and the rave was on. The latest USGS estimate is 25 times what their 1995 estimate was. Here is part of there report: "The Bakken Formation estimate is larger than all other current USGS oil assessments of the lower 48 states and is the largest "continuous" oil accumulation ever assessed by the USGS. A "continuous" oil accumulation means that the oil resource is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences. The next largest "continuous" oil accumulation in the U.S. is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil." My friend says he hears talk that other so called played out fields will be looked at in light of what new drilling techniques can do. Harry _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
