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ND to see new oil wells punched for next 20 years

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By JANELLE COLE

The Forum

North Dakota has 2.1 billion barrels of recoverable oil in the Bakken formation, a number that will only go up as industry technology advances, the state's top oil regulator said Monday.

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At the rate wells are being drilled, it will take 19 years to punch all the holes necessary to get to it, said Lynn Helms, North Dakota's director of mineral resources.

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