Looks like they are proceeding in N. Dakota.... seems like it is a little more complicated than Congressional Filibusters..
http://www.nextenergynews.com/news1/...news2.13s.html
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.
In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.
It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.
The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.
http://www.kxmb.com/getArticle.asp?ArticleId=219671
Oil companies are using advanced horizontal drill techniques to tap crude oil and gas underneath Lake Sakakawea.
State mineral resources director Lynn Helms says it's a logical extension to the formation known as the Middle Bakken. The formation lies two miles under the surface in western North Dakota and holds millions of barrels of oil.
Wells aiming for the Middle Bakken are drilled vertically to about 10,000 feet, and then "kick out" for as many feet horizontally. Industry officials say the technology has made huge advances in the past decade.
The Army Corps of Engineers has approved three permits for drilling beneath Sakakawea and has requests for at least six others.
http://money.cnn.com/news/newsfeeds/...1-24108159.htm
Most of the growth comes from North Dakota, in the Bakken Shale formation, one of the hottest spots.
Plus, Continental also has more areas to explore. It has about 311,000 acres in the Bakken Shale, where it may increase drilling. And there are new confirmed finds in Oklahoma, thanks to which it is boosting reserves.
In addition to strong earnings growth, the company had a pretax profit margin of 57% for 2007. That's the highest in years.