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US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin

 
A1Janitor

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12/06/2018 05:55 PM

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US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin
A new report on Thursday by the United States Geological Survey (USGS) discovered the largest continuous oil and gas resources EVER in the Texas and New Mexico Delaware Basin.

The new report indicates the basin contains an estimated 46.3 billion barrels of oil plus 281 trillion cubic feet of gas and 20 billion barrels of NGL.

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Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico's Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey (USGS). This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.

"Christmas came a few weeks early this year," said U.S. Secretary of the Interior Ryan Zinke. "American strength flows from American energy, and as it turns out, we have a lot of American energy. Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation."

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MarPep

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12/06/2018 06:02 PM

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Re: US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin
Good news.
_______________
They let me off with a warning and a couple of bullet holes.
bigD111

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12/06/2018 09:00 PM

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Re: US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin
Whoa! That's a biggie!
deplorably republican