The U.S. Geological Survey has tripled its estimate for the "technically recoverable" oil and natural gas reserves contained in the Williston Basin, which spans Montana, North Dakota and South Dakota. Production from the basin could reach 7.4 billion barrels of oil, 6.7 trillion cubic feet of natural gas and 0.53 billion barrels of natural gas liquids, the agency said. "This new USGS study further confirms and reinforces the fact that the Williston Basin is a sustainable, long-term play warranting strong private-sector investment for decades into the future," said Sen. John Hoeven, R-N.D.

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