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New USGS oil and gas assessment for Bakken and Three Forks formations boosts estimates of recoverable oil two-fold, natural gas three-fold

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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

Oil 257
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MSU-led regional team awarded $6M NSF grant to research biofuel, carbon capture technologies

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A regional interdisciplinary team led by Montana State University has received $6 million from the National Science Foundation to address questions about whether biofuels and carbon capture technologies can be sustainably introduced into the Upper Missouri River Basin.

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Linc Energy taking stake in aboveground gasification company; potential CTL introduction in US

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Linc says the Pyromex process produces good quality syngas with almost no CO 2 gas emissions, and without the need for the consumption of high volumes of water or power. These coal areas were originally chosen by Tenneco as some of the better above ground gasification coal available in North America.

Coal 186
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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Varying pipeline availability has little impact on the prices that US consumers pay for refined products such as gasoline or for heavy crude demand in the Gulf Coast. For the Bakken crude portion of this Scenario, one new rail terminal would be necessary in both Epping, North Dakota, and Stroud, Nebraska.

Oil-Sands 220
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USGS boosts assessment of recoverable natural gas in Marcellus Shale by 42x from 2002; now 84 trillion cubic feet

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Technically recoverable oil and gas resources are those quantities of oil and gas producible using currently available technology and industry practices, regardless of economic or accessibility considerations. billion barrels of natural gas liquids. Coleman, J.L., Milici, R.C., Charpentier, R.R., Kirshbaum, Mark, Klett, T.R., Pollastro, R.M.,

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