What is the time frame to accomplish the retrieval of the oil and gas percentages mentioned in the USGS report in the Bakken Formation?
We are unable to provide a realistic time frame for possible production of any of the volumes we mention in our fact sheet. It takes several years between the discovery of an oil field and the initial production from that field. Time is needed for activities such as permitting, leasing, collection of additional data (e.g., 3-D seismic), drilling exploration wells, discovering oil, drilling development wells, building surface infrastructure and pipeline, etc. in the calculation of how long it might take to achieve any of the probabilities mentioned. For additional information go to: http://energy.cr.usgs.gov/oilgas/noga/ (choose Williston/Bakken in the interactive map to see all available documents).
Related Questions
- What is the time frame to accomplish the retrieval of the oil and gas percentages mentioned in the USGS report in the Bakken Formation?
- Why such rigorous consequences when a student fails to return a progress report in the required time frame?
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