Report more than doubles recoverable oil estimate for Williston Basin
WILLISTON -- The U.S. Geological Survey said Tuesday the Williston Basin has between 4.4 billion and 11.4 billion barrels of oil that is recoverable with today's technology.
Although the figure is more than double what the survey said in 2008, geologists and industry leaders said Tuesday the estimate is conservative and will only get bigger as technology advances. The survey is the first by the USGS to include the Three Forks Formation as well as the Bakken Formation.
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