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Published: April 15, 2008
Survey says oil field holds 3B barrels
Federal officials estimate an oil field known as the Bakken Formation in North Dakota and Montana has an estimated 3 billion barrels of recoverable oil that hasn't been found.
For the U.S. Geological Survey , the latest estimate dwarfs an earlier one by 25 times, made for the same field just a dozen years ago.
The revision was possible because of new geologic models applied to the formation, advances in dri...
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