Bakken Formation - 3 of 7

Bakken Formation FAQs - 7 Found

What are "technically recoverable" oil and gas resources?

‚ÄúTechnically recoverable‚ÄĚ means that the oil and/or gas can be produced using currently available technology and industry practices. This is regardless of any economic or accessibility considerations.

For example, the technology required to produce oil from a location might exist, but it costs more than the oil is worth. The oil is still technically recoverable.

Tags: Natural Resources, Energy, Gas, Oil, Bakken, Continuous Oil