Numerous other self-sourced, fractured shale reservoirs produce oil commercially. If the thin Bakken shales have generated 100 billion BO, then it is possible that the lower 48 states of the US contain an unrecognized oil-resource base in the trillions of barrels.Important, important phrases to emphasize from the above:
- this was from 1992, well before we had the technology to reach this oil
- note: the "thin" Bakken; the Bakken is incredibly thin compared to other plays like the Permian
- Price and LeFever were very, very conservative in their OOIP in the Bakken, suggesting "100 billion BO." In fact, Leigh Price suggested 500 billion bbls of OOIP
- Price and LeFever suggest trillions of bbls of oil-resource base -- this is not natural gas, but oil
So, "trillions" does not seem like hyperbole. And that paper was written back in 1992. Peer reviewed and published.
So, who was singin' in 1992?