USGS estimates 20 billion barrels of oil in Texas' Wolfcamp Shale Formation
This is the largest estimate of continuous oil that USGS has ever assessed in the United States
Date:
November 16, 2016
Source:
United States Geological Survey
Summary:
The Wolfcamp shale in the Midland Basin portion of Texas' Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.
https://www.sciencedaily.com/releases/2016/11/161116184349.htm
