Your Government Dollars at Work - or Not…

[bfd]

https://pubs.usgs.gov/fs/2021/3058/fs20213058.pdf

Using a geology-based assessment methodology, the U.S. Geological Survey estimated undiscovered, technically recoverable mean resources of 4.3 billion barrels of oil and 4.9 trillion cubic feet of gas (associated) in the Bakken and Three Forks Formations of the Williston Basin Province, North Dakota and Montana.

Got Gas?

[Tiangou]

https://en.wikipedia.org/wiki/Bakken_Formation

As of January 2015, estimates varied on the break-even oil price for drilling Bakken wells. The North Dakota Department of Natural Resources estimated overall break-even to be just below US$40 per barrel. An analyst for Wood Mackenzie said that the overall break-even price was US$62/barrel, but in high-productivity areas such as Sanish Field and Parshall Oil Field, the break-even price was US$38-US$40 per barrel.

[cbelt3]

Oil patches are about to get BUSY.

[Racer X]

We were net exporters not that long ago. That's why the gas/diesel situation these days is REALLY messed up here in the States, and is such a shock. It shouldn't be happening.