A little over a month ago – on September 3 to be precise – ALG News sent out a Special Advisory alerting news feed subscribers to the staggering oil reserve discovery at the Bakken fields in North Dakota and Montana.
At the time, we wrote:
“According to the Energy Information Administration, this single domestic oil field, stretching from Northern Montana, through North Dakota and into Canada contains an estimated 503 billion barrels in total (that includes discovered, undiscovered, and not yet technically recoverable oil reserves). That’s enough crude oil to fully fuel the American economy for 41 straight years. And because this is light, sweet oil, those billions of barrels could cost Americans as little as $16 per barrel.”
Now, here is an update from the fields, reiterating the remarkable potential of the Bakken reserves – and driving home the point that by “drilling here, drilling now,” American can become energy independent:
“The latest oil production numbers are out.
”In July Mountrail County became the top oil producing county in North
Dakota by producing 1,401,216 barrels of oil.
”Bowman County who has been the top oil producing county for a long
time produced 1,385,286 barrels in July.
”This has been an amazing ride on the Bakken Express. Prior to the
first Bakken well in May 2006 Mountrail County was producing less than
20,000 barrels per month.
”But wait, there is more:
”The preliminary August 2008 numbers are showing that Mountrail County
produced 1,548,705 barrels.
”Another record has been broken!!!”
If you have not yet visited the official Bakken Discussion Group “chat room,” http://bakkenshale.blogspot.com/, we strongly urge you to do so now. The Group’s more than 300 members are largely onsite, in the thick of the action. So, day after day, you’ll hear firsthand the insiders’ insights into what’s really happening at America’s largest-ever oil reserves – from those who are actually “Bringing in the Bakken.”
In short, it’s an insider’s delight!
