DENVER, CO — (Marketwired) — 10/08/14 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — New estimates for North Dakota–s Bakken and Three Forms suggest the formations contain between 413 billion and 643 billion barrels of , an industry insider said at the 5th Annual Bakken & Three Forks Summit, held by Information Forecast Incorporated (Infocast) (Woodland Hills, California) in Denver. With an estimated recovery factor of 15%, those formations hold between 62 billion and 96 billion barrels of recoverable oil reserves, far higher than previous estimates.
Within this article: New oil recovery estimates for the Bakken and Three Forms formations in North Dakota, with details on multi-pad drilling, closer spacing of wells, and cemented liner completions.
Other companies featured: Whiting Petroleum Corporation (NYSE:WLL)
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