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Bakken Formation


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It is estimated that there are significant reservoirs of oil spread beneath the Bakken's shale. As the oil is beneath the shale rather than in it, these reservoirs are not considered oil shale. Oil was first discovered there in 1951, but efforts to extract it have historically met with difficulties. An April 2008 USGS report estimated the amount of technically recoverable oil in the Bakken Formation at 3.0 to 4.3 billion barrels, with a mean of 3.65 billion.[2] The state of North Dakota also released a report that month which estimated that there are 2.1 billion barrels of technically recoverable oil in the Bakken.[3]


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