The Bakken oil formation and national security

Here’s some more on the Bakken formation…previously noted here…which potentially has more oil than Saudi Arabia under the northern plains.

Yesterday, Bloomberg News published a story about some young oil developers and their rush to bring the Bakken oil formation, located in eastern Montana and western North Dakota, into major production.

The Bakken formation has been a minor producer of crude oil for over a half century. What has increased this formation’s potential is the arrival of mature horizontal drilling technology, now combined with water fractionating recovery techniques. These techniques could turn the Bakken formation from an inconsequential dud into perhaps the largest oil field on the planet.