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

 

  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.
WILLISTON, ND
COME RIDE THE WAVE!!!
   

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