0
Estimates vary considerably, but it could easily be 200 billion barrels. How much of that is economically recoverable will depend on future technology and oil prices. Continental Resources estimates that 12% or more of it may eventually be produced.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How much oil is produced daily from the Bakken Oil field today?
At the beginning of 2011, North Dakota was producing about 400,000 barrels/day. Continental Resources' CEO estimates that they have drilled only about 15% of the wells that will be needed to develop the entire Bakken formation.
How many barrel of oil in Bakken reserve?
Up to 4.3 billion barrels of oil
A leading theory for the formation of fossil fuels?
Abiogenesis is a leading theory in the formation of oil and coal. It states that an abiotic process is continually fueling the reservoirs and coal fields
Why oil is the most important fossil fuel?
.Oil is used for petrol and diesel for transportation. .Oil is the basic formation .Most things we use in our daily life are made up of oil.
What is the estimated current rate of formation of crude oil?
I don't think there is any rate of formation of crude oil in the world as it is now. The accepted theory of how the oil arose is that it was formed by very thick deposits of algae, in a world very different from today's world. Some people have argued that oil could come from deep inside the earth, but this theory is not accepted by most geologists.
What province has rich oil fields?
Saskatchewan - the Bakken Oil Formation
Where is the largest oil field in the US?
The Bakken Formation in Alaska.
How much oil is produced daily from the Bakken Oil field today?
At the beginning of 2011, North Dakota was producing about 400,000 barrels/day. Continental Resources' CEO estimates that they have drilled only about 15% of the wells that will be needed to develop the entire Bakken formation.
Are there large oil findings in North Dakota and South Dakota?
There are large oil findings in the Bakken Oil Field in North Dakota, however, there is not much oil found in South Dakota.
How many barrel of oil in Bakken reserve?
Up to 4.3 billion barrels of oil
What is flash point of Bakken crude oil?
110 degree F.
What is the birth name of Rich Bakken?
Rich Bakken's birth name is Richard Bakken.
What is the birth name of Jim Bakken?
Jim Bakken's birth name is James Leroy Bakken.
When was Christopher Bakken born?
Christopher Bakken was born in 1967.
When did Willy Bakken die?
Willy Bakken died in 2010.
When was Willy Bakken born?
Willy Bakken was born in 1951.
When was Jill Bakken born?
Jill Bakken was born in 1977.
