The Bakken -- Lookin' Good -- November 2, 2017 -- The Bakken "Stack"

A big "thank you" to a reader for alerting me to this article. Lots  of good info in it, from Lynn Helms. From The Dickinson Press, data points:

• crude oil inventories dropping rapidly in North Dakota
• expect to see $55 - $60 oil in 1Q18
• crude oil production in North Dakota higher than expected
• crude oil production could be up 11% from what was originally expected by the close of the biennium
• 31,545 producing wells right now
• enhanced oil recovery could even better maximize profit potential of the Bakken
• how long will the Bakken last? "our grandchildren's grandchildren will be affected by the Bakken
• at the link comments about specific counties, areas in North Dakota
• e.g., in Bowman County, the sage grouse holding things up
• and then this "bombshell":

Helms said his staff is studying other potential source rock beds in the state, saying that there were 14 others (in addition to the two in the Bakken and one in Spearfish) that need to be promoted.

"We anticipate the United States Geological Survey is coming back in 2020. We want all of the data to put in front of them," Helms said. "We have 17 unconventional resources. Not one, not two—17."

Stratigraphic map here.

Basic overview of the petroleum geology of the North Dakota Williston Basin. 

****************************************

Lights on the Hill, Slim Dusty