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Politics : Peak Oil reality or Myth, of an out of Control System
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To: dvdw© who wrote (557)10/16/2011 9:22:43 AM
From: dvdw©Read Replies (2) of 1580
 
Building on a foundation;

Oil was first discovered in N Dakota in 1951 (probably earlier), Oil has been produced from 36 different formations within the Williston basin.....

facts about that oil not understood before 2006;
The kind of shale formations that are economically viable for oil production, using horizontal drilling and hydraulic fracturing, are thermally mature and located deep underground. In these deep shales, much of the kerogen has been converted to oil and is present in the rock matrix in liquid form. A second thing that has held back exploration for oil in shale is that many believed that the oil molecule, at 0.5+ nanometers, was too large to flow through small matrix “pore throat” or spaces between the rock particles typical in many shale formations
(surmise provided as part of reply linked above to an EOG data points about particulate oil including pore size of methane and oil molecules)

Currently, utilization rates of rigs capable of drilling down 20,000 feet or more, is above 95%.

Up through 2008 official estimates of oil in ND by a range of agencies placed the potential volume at or around 300 million barrels.

Bruce's Million Dollar Way Blog contributed facts to this post including the data about cumulative oil produced by formation.....contained here in;
milliondollarway.blogspot.com
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