Eos, Transactions American Geophysical Union

Report Offers U.S. Energy Strategy Template

Authors


Abstract

Nearly 5 years ago, in April 2008, the U.S. Geological Survey released an assessment that helped to change the energy picture in the United States from scarcity to abundance. The assessment estimated that there were between 3 billion and 4.3 billion barrels of technically recoverable oil in the area known as the Bakken Formation in North Dakota and Montana, a 25-fold increase in the amount of oil that could be recovered compared to the agency's 1995 Bakken estimate of 151 million barrels of oil.