Permian "Super Basin" Holds Up To $3.3 Trillion In Untapped Oil -- Bloomberg -- September 25, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Permian "Super Basin" Holds Up To $3.3 Trillion In Untapped Oil -- Bloomberg -- September 25, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Permian "Super Basin" Holds Up To $3.3 Trillion In Untapped Oil -- Bloomberg -- September 25, 2017
link : Permian "Super Basin" Holds Up To $3.3 Trillion In Untapped Oil -- Bloomberg -- September 25, 2017

Permian "Super Basin" Holds Up To $3.3 Trillion In Untapped Oil -- Bloomberg -- September 25, 2017

Data points:

• Permian Basin, Texas and New Mexico: 60 billion to 70 billion bbls of yet-to-be-pumped crude oil
• enough to supply every refinery in the US for 12 years
• $3.3 trillion market value at current prices
• three-year study (so the data is already a bit old)
• based on data from more than 400,000 wells
• the estimate may grow as IHS geologists extend their analysis to deeper zones
• the assessment may boost Pioneer's assertion that the Permian is a 75-billion-bbl field that may rival Saudi Arabi's massive Ghawar field
• in November, 2016, the USGS estimated that just one layer of the Permian -- the Wolfcamp -- holds 20 billion bbls of crude (recoverable)

OPEC story. Link here. I don't have time to post data points now.

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