Thursday, September 26, 2019

Recoverable Oil In The Bakken, Estimates -- September 26, 2019

The USGS survey, 2013, recoverable oil:
  • top line: 11.4 billion bbls
  • mean: 7.4 billion bbls 
CLR, August 28, 2019, recoverable oil:
  • 30 to 40 billion bbls
  • "4 to 5 times the official USGS estimate"
At 2 million bopd:
  • 7.4 million bbls: 3,700 days or 10+ years
  • 40 billion bbls: 20,000 days or 55 years

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