Bakken Shale Oil Formation – Largest Oil Pool Found – Parshall Field in Bakken Shale
The Bakken Shale Oil field, which stretches down from Canada into North Dakota and Montana, could hold 3.65 billion barrels in oil reserves which would be the largest finding in U.S history next to the Oil fields in Alaska. This oil shale formation is located in the Williston Basin according to the U.S. Geological Survey. Bakken formation is a rich deposit that the U.S. Geological Survey calls the largest continuous oil accumulation it has ever assessed.
The year 1995 was the last time the USGS surveyed the Bakken area in which they found roughly 151 million barrels of recoverable oil. Since then, there have been many technological advances causing the big spike to 3.65 billion barrels. The biggest oil field, which is located at the Arctic National Wildlife Refuge in Alaska ( ANWAR ), could potentially hold up to 10 billion barrels of oil. Read more
