CNBC is reporting:
An in-depth study of the second most productive natural gas field in
the U.S. shows a vast supply of natural gas that will continue for
decades.
The study, funded by Alfred P. Sloan Foundation, showed a
cumulative 44 trillion cubic feet of recoverable reserves from Barnett,
with production declining through the year 2030. The U.S. in total is
expected to have natural gas resources of 2,200 trillion cubic feet.
And, again, the Bakken is mentioned:
But the shale resources are turning out to be even richer than
expected, in both gas and oil. "There's a great expression in the oil
business: 'Oil's been found where it's been found before," said Tinker.
"These big oil and gas rich basins already are producing from the
conventional reservoirs that leaked off of the shale. Most of these big
basins — the Permian Basin, the Bakken — these have rich source rocks."
"The
source rocks are the kitchen where the oil and gas are cooking, and the
gas and oil leaked out of the kitchen into the conventional reservoir.
We've drilled the conventional reservoir," he said. "There's still some
to be drilled, but the kitchen is what we're drilling now, and it
contains a lot more oil and gas than what was leaked."
ND can have 7000 refineries too, I bet.
ReplyDeletehttp://www.bloomberg.com/news/2013-03-04/nigeria-s-oil-thieves-return-to-hit-shell-and-government-revenue.html
anon 1
Bakken oil needs minimal refining, as I understand it, so the process might even be easier.
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