"We've" talked about it before, so for those who follow the Williston Basin, this is nothing new.
For newbies: there may be another formation as good as the Bakken in the Williston Basin. And when Statoil bought BEXP, they bought "all" the formations.
Another story on the Tyler.
North Dakota’s booming oil patch is sweeping down to South Dakota, amid speculation that a reservoir similar to the rich Bakken shale formation could contain millions of barrels of crude.
A flurry of recent leasing activity in South Dakota is tied to hopes for the Tyler Formation. State geologist Ed Murphy in North Dakota said the formation extends from the western part of that state into northwest South Dakota and may hold up to one-third the volume of oil estimated in the prolific Bakken, a formation the U.S. Geological Survey called the largest continuous oil accumulation it had ever assessed.
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