Thursday, December 06, 2018

US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER!

Thu, Dec 6, 2018 11:10 p.m.

US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-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.. Assessment units of the Wolfcamp Shale and Bone Spring Formation in the Delaware Basin of Texas and New Mexico.
"In the 1980's, during my time in the petroleum industry, the Permian and similar mature basins were not considered viable for producing large new recoverable resources. Today, thanks to advances in technology, the Permian Basin continues to impress in terms of resource potential. The results of this most recent assessment and that of the Wolfcamp Formation in the Midland Basin in 2016 are our largest continuous oil and gas assessments ever released," said Dr. Jim Reilly, USGS Director. "Knowing where these resources are located and how much exists is crucial to ensuring both our energy independence and energy dominance."
As Director of the USGS, Jim Reilly is responsible for leading the Nation's largest water, Earth, and biological science, and civilian mapping agency. Prior to joining the USGS, Dr. Reilly served U.S. and allied militaries as a subject matter expert on space operations, and as a technical advisor ...
Hey, he got his degrees from my graduate alma mater!

1 comment:

Anonymous said...

The USA is now exporting oil FOR THE FIRST TIME SINCE 1973. What was thought be impossible is now being done. Oil, natural gas, coal. Who needs those wind turbines and solar panels. NO ONE!