My hunch is that this bullet has been on the slide for quite some time, but I simply didn't notice it. Or, NDIC has quietly increased the estimate of recoverable oil in the Bakken. Regardless, here are the Bakken numbers according to the NDIC:
- Proved: 7 billion bbls of recoverable oil
- Probable: 10 billion bbls
- Possible: 14 billion bbls
Compare with CLR's estimate: 45 billion bbls recoverable oil (raised from recent 24 billion bbls)