Posted on 11/16/2016 5:21:43 PM PST by smokingfrog
A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said.
The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release.
The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research geologist for the agency.
Geologists explain that oil recovered from shale rock is considered unconventional compared to other oil found in the ground because extracting it requires advanced drilling or recovery methods, such as hydraulic fracturing.
The Wolfcamp Shale is part of the sweeping and energy-rich Permian Basin, which includes a series of basins and other geologic formations in West Texas and southern New Mexico. It's one of the most productive oil and gas regions in the U.S.
(Excerpt) Read more at abcnews.go.com ...
The Saudi king makes $1 Bn every 2 days.
Obama is mad. “How could I have overlooked this?” I was poorly served by my best Energy Czars!”
AMEN to that.
At least until tomorrow.
I pray to see the day - the Saud family MUST herd goats from oasis to oasis to provide for their family.
Yes, at least until tomorrow morning.
Ha Ha.
You would think so, but nobody wants to upset the farm lobby.
Gonna need a lot more refinery capacity in the US to stay energy independent but I’m sure that’s on Trump’s GREAT AGAIN list.
There’s that much and more in Alaska on Federal Lands. Most of Texas is privately owned, thereby minerals can
be extracted.
“The Saudi king makes $1 Bn every 2 days.”
Yeah, but now days he’s having to spread the wealth around to his people, ISIS and such to keep them at bay. The royals no longer get to pocket it as they used to.
I had a coworker in the early 2000’s that was all about “peak oil”. What a joke.
God really has it in for liberals this month, don’t He?
We learned that in high school in the eighties. Another junk science scam like global warming and climate change.
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