![]() ![]() ![]() Non-conventional extraction techniques are necessary to access Bakken oil due to the formation's geological structure. The Bakken is a geological formation containing oil and gas resources that extends across parts of North Dakota, South Dakota, Montana and Canada. It is located within the boundaries of the larger Williston Basin. ![]() Reserve estimated to have 5.9 billion barrels of oil USA TODAY reached out to the social media users who shared the claim for comment. Neither the claimed 500 billion barrels nor the actual Bakken reserves could “fuel the American economy” for more than 2,000 years. The Bakken reserve does not contain nearly 500 billion barrels of oil, and the cost of extraction is much higher than $16 per barrel. The post is incorrect on multiple counts.įact check: Rising gas prices due to high demand and low supply, not Biden's policies The post, whose text takes the form of a roughly 900-word essay, was shared more than 2,300 times in two weeks. Other versions of the post have been circulating online – and been previously fact-checked – for more than a decade. Those billions of barrels will cost Americans just $16 PER BARREL!!!!!! That's enough crude to fully fuel the American economy for 2041 years Straight." 26 Facebook post. "And because this is Light, sweet oil. We now have access of up to 500 billion barrels," reads an Oct. “A recent technological breakthrough has opened up the Bakken's Massive reserves. economy for more than 2,000 yearsĪ years-old claim that a massive oil reserve was recently discovered in and around the Dakotas has resurfaced on social media. National Energy Technology Laboratory: Research on Natural Gas ResourcesWatch Video: Biden at COP26 summit addresses fight against climate change The claim: The Bakken contains more than 500 billion barrels of cheap oil, enough to power the U.S.Natural Gas Subcommittee of the Secretary of Energy Advisory Board - Safety of Shale Gas Development.Published Scientific Papers from EPA's Study of Hydraulic Fracturing and Its Potential Impact on Drinking Water Resources.EPA's Study of Hydraulic Fracturing for Oil and Gas and Its Potential Impact on Drinking Water Resources.Natural Gas Extraction - Hydraulic Fracturing.Science or Soundbite? Shale Gas, Hydraulic Fracturing, and Induced Earthquakes.USGS-hosted Congressional Briefing: Hydraulic Fracturing - The State of the Science, June 2012 (video).Hydraulic Fracturing and Induced Seismicity.Through an agreement among the Department of the Interior, the Department of Energy, and the Environmental Protection Agency, the USGS plays a large role in improving our scientific understanding of the environmental issues related to unconventional oil and gas. The scientific data provided by the USGS are crucial in helping Federal and State resource managers meet the challenge of balancing America’s needs for energy resources and a clean and healthy environment. induced seismicity from the injection of waste fluids into deep disposal wells.surface-water-quality degradation from waste fluid disposal.However, since fracking involves injecting a chemical solution into the ground to free up oil and gas resources, there are some potential environmental impacts related to this process. The actual practice of fracking is only a small part of the overall process of drilling, completing, and producing an oil and gas well. Frac sand keep induced fractures open and extend the time and flow rate of oil and gas from a well. Frac sand is a specialized type of sand that is added to fracking fluids that are injected into unconventional oil and gas wells during hydraulic fracturing. ![]()
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