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Saskatchewan’s Torquay play slowly proving up its potential
Another slice of the Williston Basin is being touted as the next big thing. A look at the producers with significant holdings in the play
It’s never enough.
Whenever government-run geological surveys release estimates on the potential of the oil-bearing rocks underneath the plains of North Dakota and southern Saskatchewan, operators cry foul.
The potential of the Williston Basin, which contains the prolific Bakken formation, has been re-assessed multiple times by the U.S. Geological Survey over the years. Each time, oil and gas explorers have called the revised estimates of technically recoverable oil in place “conservative.”