resources

A federal reassessment of oil-and-gas resources in North Dakota found the state holds twice as much shale oil — and three times as much gas — than was previously estimated.

Technological advancements have made the unconventional fossil fuels in North Dakota’s Three Forks formation “technically recoverable,” the Interior Department’s United States Geological Survey (USGS) announced Tuesday.

And by rolling Three Forks into the Bakken shale formation, the region that spans North Dakota, South Dakota and Montana could now produce 7.4 billion barrels of oil, 6.7 trillion cubic feet of natural gas and 0.53 billion barrels of natural gas liquids.

Compared to 2008 estimates, that’s triple the amount of shale gas and double the amount of shale oil that the region could yield.