25 to 400 Billion Barrels of Oil Discovered on US-Canadian Border

Apr 14, 2003
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Eastern MD
#1
January 26, 2008
Bakken and Torquay Formations - A Saudi Arabia of oil under Saskatchewan, North Dakota, South Datkota, Montana and Manitoba

The Bakken oil formation is possibly the largest conventional oil discovery in Canada since 1957. If this oil formation plays out toward the higher end of size and recoverability then it will change the geopolitics of oil and the economies of the United States and Canada. If a lot of the oil proves difficult to recover now, new technologies could still drastically improve the percent recoverable. The motivation to pull out another 100 billion barrels would be $9 trillion at todays prices.
Estimates are anywhere from a conservative 25 billion barrels of oil in place, to a high estimate by the United States Geological Survey of 400 billion barrels of oil in the Bakken formation. Not only is the oil plentiful, but it's high quality too, 41 degree light sweet crude. The Bakken formation is a formation of black shale, siltstone, and sandstone. The formation lies beneath the Mississippian formation, Saskatchewan's current source of light sweet crude. The Bakken formation is situated beneath southeastern Saskatchewan, southwestern Manitoba, and North Dakota.​
In 2007, EOG Resources out of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota is anticipated to produce 700,000 barrels of oil.​
The resources of the Bakken Formation are defined by the United States Geological Survey (USGS) as unconventional “continuous-type” oil resources. This means the hydrocarbons within the Bakken have not accumulated into discrete reservoirs of limited areal extent. With new horizontal drilling and completion technology taken into account, the technically recoverable resource base for the entire Bakken Formation is potentially much larger.​

Isopach map of the Bakken formation in Saskatchewan, Canada (Map of the areal extent and thickness variation of a stratigraphic unit; used in geological exploration for oil and for underground structural analysis)



The Williston Basin covers approximately 300,000 square miles over parts of North Dakota, South Dakota, and Montana and parts of the adjacent Canadian provinces of Saskatchewan and Manitoba. The Bakken formation can be encountered throughout the Williston Basin.

Application of new drilling and completion technology has begun to unlock new potential in this legacy basin. There is speculation that the total resource in the play could be in the billions of barrels.​
Hydrocarbon Potential of the Bakken and Torquay Formations,
Southeastern Saskatchewan by L.K. Kreis and A. Costa

Much of the oil reservoired within the Bakken shale likely resides in a network of enhanced porosity and permeability related to microfractures.

• Upper and Lower Bakken shales showing anomalously high resistivity values in southeastern Saskatchewan suggest that they are saturated with oil that has either been generated in place or has migrated into these locations.

• Basement structures, such as those associated with the Brockton-Froid lineament, and compactional features in regions of Middle Devonian salt dissolution may control fractures that serve as primary migration pathways for Bakken-sourced oils into possible plays in the Bakken and Torquay formations.

• The relatively low permeability of Bakken and Torquay reservoirs are likely best exploited through horizontal wells.

• A large untested and poorly evaluated rock volume remains in the Bakken and Torquay formations of southeastern Saskatchewan, within which there may be significant potential for finding new oil.​
Porosities in the Bakken average about 5%, and permeabilities are very low, averaging 0.04 millidarcies—much lower than typical oil reservoirs. However, the presence of horizontal fractures makes the Bakken an excellent candidate for horizontal drilling techniques in which a well drills along the extent of the rock layer, rather than punching a hole vertically through it. In this way, many thousands of feet of oil reservoir rock can be penetrated in a unit that reaches a maximum thickness of only about 140 feet. Production is also enhanced by artificially fracturing the rock.​
Oils with an API gravity of 40 to 45 have the highest market price and those with values outside this range sell for less. Above an API gravity of 45, the molecular chains become shorter and are less valuable to a refinery. Crude oil classified as light, medium or heavy, on the following basis:
Light crude oil has an API gravity of above 31.1 °.
Medium oil has an API gravity in the range 22.3 ° and 31.1 °.
Heavy oil has an API gravity less than 22.3.


http://nextbigfuture.com/2008/01/bakken-and-torquay-formations-saudi.html



If the 400 billion barrel estimate is true, that would put the US in 2nd for global oil reserves (behind the middle east), and 1st for single country (ahead of the Saudis).

But what about the hybrids maaaaaan...
 
Jul 13, 2006
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Arkansas
#2
Sounds like I'm about to buy that land in Montana that i've been wanting :)
 

Don the Radio Guy

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Mar 30, 2006
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#5
Like the Sierra Club and Greenpeace and that bunch will ever let us drill there.
 

Sinn Fein

Infidel and White Interloper
Wackbag Staff
Aug 29, 2002
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#6
Things have reached a breaking point with the high oil prices. The wackos won't be able to stop it this time.
 

Smokezilla

U. S. Backstroke Roulette Champion
Jul 30, 2005
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#8
The oil thing is what fucking-up our economy right now more than anything else. . . Can't wait to see some hippies get steamrolled if they get in the way. . . LOL
 

Begbie

Wackbag Generalissimo
Jul 21, 2003
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#9
This would be huge...in fact, monsterous. And I also agree that the environment loving hippies really would have an uphill battle to prevent drilling. Oil is our huge problem...and if we can get it here instead of going over there...it'll be a huge wakeup call to the Saudi's and the Middle East. Will this happen anytime soon? I sure hope so...but I'm not counting on it.
 

Joey Bond

Huddla Huddla Huddla
Aug 11, 2005
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#11
yea but if we can get it here greed will take over and I doubt we will see a huge drop in gas prices if any who knows we may not see this oil here in the US maybe it will be exported
 

Ego

The Only Thing Bigger Than My Head
Feb 15, 2005
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#12
Fuck the hippies. They're irrelevant asses who can't accept economic progression and changes in technology. Fuck them in their pothead asses with big rubber dicks, and don't stop until they're tasting their own shit. Then put their bodies in a mass grave that may one day yield more oil for us to use.
 

JoeyDVDZ

That's MR. MOJO, Motherfucker!
Aug 20, 2004
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#15
Is this enough oil to give the ragheads a run for their money with regard to oil superiority?
 

BCH

Doesn't need your acknowledgement on Twitter
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Jun 9, 2005
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#16
Quick! Get up there and start drilling at an angle into Canada's half!
 

Don the Radio Guy

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#17
Things have reached a breaking point with the high oil prices. The wackos won't be able to stop it this time.
I wish this were true.

yea but if we can get it here greed will take over and I doubt we will see a huge drop in gas prices if any who knows we may not see this oil here in the US maybe it will be exported
The main reason oil is so expensive now is that China is buying it all up. More demand, higher prices. I would think unless some intervention is done by the government, which isn't likely, most of this oil under the US would end up overseas as well.
 

TheDrip

I'm bi-winning.
Jan 9, 2006
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#18
I'm sure they'll use some bullshit excuse as to why the oil prices will not fall if/when we tap this. My guess = recouping some costs tied into getting the oil.
 

MrAbovePar

En Taro Anthony
Mar 14, 2005
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#20
Stick with the plan. Use up every drop of oil in the middle east then start sucking down our reserves. The arabs can then be marginalized as they spent money like pimps in Harlem and can go back to living i the middle ages and paying us even more for a resource they've come to be addicted to.
 

Southtown

Registered User
Aug 10, 2004
1,226
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#21
Stick with the plan. Use up every drop of oil in the middle east then start sucking down our reserves. The arabs can then be marginalized as they spent money like pimps in Harlem and can go back to living i the middle ages and paying us even more for a resource they've come to be addicted to.
Those people are worth billions. Theres as much of a chance of them going back and living in the middle ages as there is of the Olsen twins posing nude or doing porn.

I do like the idea of when they run out charging them about $400+/barrel. They can afford it.
 
May 24, 2005
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Charlotte, NC
#22
I'm not an expert (no mic) but a lot depends on being able to cost-effectively get it out of the ground and process it. That may be a lot more challenging than it is in the middle east which is really easy. If it the drilling and processing costs are high, it might still be a lot cheaper to deal with the Arabs and pay $3+ a gallon for gas.
 

Glenn Dandy

THE ONLY WHITE PRESIDENT LEFT.
Mar 21, 2005
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#24
This jusy in Bill and Hilary Clinton are going into the oil busines.


Bill was quoted as saying. " any chics in Alaska?"
 
Apr 14, 2003
4,056
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0
Eastern MD
#25
How come this isn't being mentioned on any news agency?
1. The article is on a blog (even though they reference the USGS and other reputable agencies and the site is pretty well put together)

2. Reporting on if Hillary's tears were forced and if Obama is really black is much more important.