The Oil Patch Hotline is reporting a new technology in addition to the classical method of fracking to stimulate wells.
The article can be found at the Bakken Blog: once there, go to the top, click on "News" and look for Monday, April 12, 2010, story, "Blasting The Bakken Gets High Stake Results." Whiting and CLR are among those companies employing this new technology.
Some producers are reporting a 13% increase in the amount of oil that can be returned using this new technology.
Again, remember that the 2008 USGS survey that estimated 3 to 4 billion of potentially recoverable oil in the Bakken was based on technology in use at that time. This survey did not report on potentially recoverable oil from other formations such as the Red River, Madison, or the Spearfish.
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