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barnett-formation  bakken-shale  natural-gas  energy-101 

Mark Green

Mark Green
Posted April 30, 2013

The U.S. Geological Survey has new estimates for oil and natural gas in the Williston Basin shale area that simply blows the doors off previous estimates:

  • 3.65 billion barrels of undiscovered, technically recoverable oil for the Bakken Formation.
  • 3.73 billion barrels for the Three Forks Formation.
  • The total, 7.38 billion barrels, is a two-fold increase over USGS’ 2008 estimate, which included only the Bakken Formation because Three Forks wasn’t thought to be productive.

The chart below shows how resource estimates have skyrocketed since 2008 and 1995, when the assessment totaled only in the millions of barrels:

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domestic-energy  energy-policy  fracking  government-revenue  horizontal-drilling  hydraulic-fracturing  natural-gas  texas  barnett-formation  chesapeake-energy-corporation 

Jane Van Ryan

Jane Van Ryan
Posted November 18, 2010

It's being called a monster. It's the biggest natural gas well in North Texas' Barnett Shale formation, and in September it produced more than 17.8 million cubic feet of natural gas per day.

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