The Bakken formation in eastern Montana and western North Dakota has been a minor producer of crude oil for more than a half century. But with the arrival of technologies such as improved horizontal drilling, it could be transformed from an inconsequential dud into perhaps the largest oil field on the planet.

How large? In an unpublished research paper he wrote while working as a geochemist at the US Geological Survey, Leigh Price (who died in 2000) calculated a mean estimate of recoverable oil from Bakken at a stupendous 413 billion barrels. This compares to Saudi Arabia’s proven reserves of 267 billion barrels.

The Author of this story, Robert Haddick, blogs at westhawk.blogspot.com

READ THE NEW YORK POST STORY

]]> http://montanablogpage.com/2008/07/15/hiking-in-big-sky-montana/feed/ http://montanablogpage.com/2008/07/15/love-in-big-sky-country/ http://montanablogpage.com/2008/07/15/love-in-big-sky-country/#comments Tue, 15 Jul 2008 13:42:58 +0000 admin http://montanablogpage.com/2008/07/15/love-in-big-sky-country/ ]]> http://montanablogpage.com/2008/07/15/love-in-big-sky-country/feed/ http://montanablogpage.com/2008/07/15/chris-whitley-big-sky-country/ http://montanablogpage.com/2008/07/15/chris-whitley-big-sky-country/#comments Tue, 15 Jul 2008 13:41:04 +0000 admin http://montanablogpage.com/2008/07/15/chris-whitley-big-sky-country/ ]]> http://montanablogpage.com/2008/07/15/chris-whitley-big-sky-country/feed/ http://montanablogpage.com/2008/03/30/blog-probes-real-estate-models/ http://montanablogpage.com/2008/03/30/blog-probes-real-estate-models/#comments Sun, 30 Mar 2008 10:05:01 +0000 CityBlogMT http://montanablogpage.com/2008/03/30/blog-probes-real-estate-models/ www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.

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