Bakken oil fields mark billionth barrel of oil

[Jesus Malverde]

Source: AP

Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.

Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques to recover oil trapped in a thin layer of dense rock nearly two miles beneath the surface.

North Dakota has generated 852 million barrels of Bakken crude, and Montana has produced about 151 million barrels through the first quarter of 2014, data show.


Read more: http://news.yahoo.com/bakken-oil-fields-mark-billionth-164007099.html;_ylt=AwrBJR7j.F9TXSMAabvQtDMD

[bluestateguy]

1. Oil booms always come to an end eventually

And it's not pretty when they do.

[OldRedneck]

2. 1 billion barrels of crude equals about 2 month's supply for the USofA

The US uses about 7 billion barrels of crude per year. Thus, this 1 billion barrels is around 2-3 month's supply. Big deal.

And . . . we should point out that over the past three years, the number of wells drilled in Bakken is up by 92 percent while the amount of oil and gas produced is DOWN by 38 percent.

http://www.postcarbon.org/reports/DBD-report-FINAL.pdf

[Auntie Bush]

3. So sounds like it has already reached it's peak potential.

[olddad56]

4. but the resulting earthquakes haevn't reached their potential yet.

[NickB79]

5. And in other news, we were over 400ppm for ALL of April

http://www.climatecentral.org/news/april-becomes-first-month-with-co2-levels-above-400-ppm-17367

The end of April has arrived, and with it, the record for the first month in human history with an average carbon dioxide level in Earth’s atmosphere above 400 parts per million has been set.

First time in at least a million years as far as scientists can figure.

Go toolmonkeys, keep fucking that climate!