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Monday, May 05, 2008

The Bakken Play - Follow Up

John Derbyshire at the Corner blegged for some information on the Bakken Oil Reserves. I responded by pointing him at our discussions but it does not appear he published any references.

However, he did note this discussion at the Oil Drum. Essentially, the discussion at the Oil Drum states the actual amount of oil in the Bakken Reserves is about what the hype had it made out to be, the problem is actually recovering the oil. The writer at the Oil Drum feels the USGS estimate is optimistic and believes the Bakken Oil Reserve will underproduce. Very interesting read and gives a good feel for the geology we are working with.