Dorgan: Study on oil potential in Bakken formation to be released

April 9, 2008 | Source: AP

Sen. Byron Dorgan says the U.S. Geological Survey is slated to release a study Thursday on the oil potential of the area known as the Bakken formation in North Dakota, Montana, Saskatchewan, and Manitoba.

In 1995, the Geological Survey estimated the amount of recoverable oil in the Bakken at 151 million barrels. Dorgan says technology has come far since then.