Consulting Firm Makes Bakken Recovery Projections
The energy consulting firm Wood Mackenzie is projecting that the Bakken oil field holds 21 billion barrels of recoverable oil. The figure was included as part of the firm’s updated forecast numbers released this week. The firm also projects that oil rail shipments from the Bakken will decrease from 70 percent of oil produced to roughly half of production by 2016. Read more from Reuters.