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Thursday, October 22, 2015

ND State Senator Asks For Updated Study Of Fossil Fuel Reserves In Western North Dakota -- October 22, 2015

The Dickinson Press is reporting:
U.S. Sen.  John Hoeven, R-N.D., has asked the U.S. Geological Survey to update the agency’s study of recoverable reserves of oil and natural gas in the Williston Basin.
At Hoeven’s request, USGS released the study of recoverable oil reserves in April 2013 that found there are approximately 7.4 billion barrels of technically recoverable oil, more than twice the previous estimate in the Williston Basin. The report also estimates there is 6.7 trillion cubic feet of natural gas.
If you do the math, add the natural gas (boe) to the crude oil, and then divide that number into the natural gas (boe), the number suggests 13% of the crude oil / natural gas mix is natural gas.  

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