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EPS100Momentum
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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Report says total of 149 Billion barrels of oil in place within the Bakken Shale Formation. 0 comments
    Jan 11, 2011 2:58 PM | about stocks: BEXP, CRED, GEOI, TPLM, NOG, KOG, LINE, CHK, XOM, CVX, BP, COP, PTR, CEO, EC, APA, OXY, SNP, SU, APC, RIG, NOV, DO, EOG, DVN, NFX, FST, UPL, PXP, COG, SM, BRY, SFY, SGY, ATPG
    Bakken Source System: Bakken Assessment

    On April 28, 2008, three years after the discovery of the Parshall
    Field, the North Dakota Department of Mineral Resources released
    an assessment of the oil potential of the Bakken Formation
    within the North Dakota portion of the Williston Basin (Bohrer
    et al., 2008). The assessment concluded there were 149 billion
    barrels of oil     in place within the Bakken Formation of which 2.1
    billion barrels     could be expected to be produced using available
    technologies (expected ultimate recovery). We anticipated
    that the expected ultimate recovery would significantly increase
    with time beyond our estimate of 1.4% due to advances in well
    completion techniques.

    New data in late 2010 says 8 billion barrels will be recoverable not the 2 billion that was originally estimated by North Dakota Department of Mineral Resources

    While even more upbeat estimates say 24 billion :    Continental Resources CEO Harold Hamm told UND students in December there may be as many as 24 billion barrels of recoverable oil in the Bakken and Three Forks.


    Stocks: BEXP, CRED, GEOI, TPLM, NOG, KOG, LINE, CHK, XOM, CVX, BP, COP, PTR, CEO, EC, APA, OXY, SNP, SU, APC, RIG, NOV, DO, EOG, DVN, NFX, FST, UPL, PXP, COG, SM, BRY, SFY, SGY, ATPG
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