New Study of the Oil Fields will be Conducted

6 USGS Survey OTS_1513212179654.png

The U.S. Geological Survey will be doing a new study of the Williston Basin including the Bakken and all other possible oil producing areas.
There have been two other studies in the past and both of those have led to more oil production. 
It is going to collect all new data and take in information that we don’t have now.  
This could lead to the potential of new oil being discovered or rediscovered and possibly create confidence for future investment.

Ron Ness, ND Petroleum Council, says, “Ultimately this study would influence the amount of investment and the future, it doesn’t really influence production until you can inspire more money coming into the Bakken or more infrastructure being built here because of the size and the scope of the Bakken or North Dakota’s oil industry.”

This whole project is going to take a few years.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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