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Oil
exploration
could
last
two
decades
April
28,
2008
Press
Release
from:
Williston
Economic
Development
Partnership
The
Williston
Basin
will
benefit
from
increased
oil
exploration
over
a
period
that
could
last
nearly
two
decades,
according
to
information
released
Monday
by
North
Dakota's
Department
of
Mineral
Resources.
"It
will
take
us
almost
19
years
to
drill
up
the
thermally
mature
area
of
the
Bakken,"
said
Lynn
Helms,
DMR
director,
based
on
the
number
of
rigs
currently
operating.
"That
was,
to
me,
the
catch
of
the
day,"
said
Williston
Mayor
Ward
Koeser,
who
was
among
the
estimated
1,200
people
in
attendance
at
the
annual
Williston
Basin
Petroleum
Conference
and
Expo
in
Minot,
where
the
announcement
was
made.
Full
Article
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The
Bakken Oil Formation encompasses some
25,000 square miles in North Dakota,
Montana, Saskatchewan and Manitoba. About
two-thirds of the acreage is in western
North Dakota, where the oil is trapped in a
thin layer of dense rock nearly two miles
beneath the surface.
Recently, a
U.S. Geological Survey report on just
how much oil is potentially in the Bakken
Formation estimated that western North
Dakota holds up to 4.3 billion barrels of
recoverable oil.
For the oil industry, there isn’t a better
time to tap that economic prosperity than
right now.
Located in the center of the basin’s oil
service,
Williston, ND has been serving the
industry since 1951. Home to over 150 oil
companies, we are the community you choose
when you need experience, reliability and
results. |
