News Type: Event — Thu Oct 9, 2008 2:03 PM EDT "3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— Released: 4/10/2008 2:25:36 PM Contact Information: U.S. Department of the Interior, U.S. Geological Survey Office of Communication 119 National Center Reston, VA 20192Clarice Nassif Ransom Phone: 703-648-4299 Reston, VA - North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation. A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil. Related Podcasts 3 to 4.3 Billion Barrels of Oil in North Dakota and...
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