North Dakota may produce 700,000 barrels of oil per day by 2014-2017 and over 11 billion barrels of reserves
North Dakota is now looking at the possibility of 700,000 barrels of oil a day within the next four to seven years. Federal and state estimates had pegged North Dakota’s portion of the Bakken shale and underlying Three Forks-Sanish oil formations in western North Dakota at about 5 billion barrels of oil, using current horizontal …