Black Gold in the Black Hills?

**ace16807** · 17 Apr 08,, 22:20

Very promising as in it looks like it's "drillable". (Is that a word?). Seriously. 300 billion barrels, let alone 500 billion seems unfeasible. Saudi Arabia has approx. 260 billion. The reservoir would have to be incredibly "deep" to have such a massive reserve.

**dalem** · 17 Apr 08,, 22:40

Originally Posted by ace16807

Very promising as in it looks like it's "drillable". (Is that a word?). Seriously. 300 billion barrels, let alone 500 billion seems unfeasible. Saudi Arabia has approx. 260 billion. The reservoir would have to be incredibly "deep" to have such a massive reserve.

Hence the initial excitement.

-dale

**2DREZQ** · 18 Apr 08,, 07:45

There are knowledgeable people in the industry who say that the recoverable amount of oil will turn out to be far, far higher than the USGS estimate.
The price of mineral acres all over the area is gong up,up,up.

**citanon** · 18 Apr 08,, 08:01

Originally Posted by 2DREZQ

There are knowledgeable people in the industry who say that the recoverable amount of oil will turn out to be far, far higher than the USGS estimate.
The price of mineral acres all over the area is gong up,up,up.

Have they provided reasons why this will be true?