Title : Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018
link : Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018
Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018
This is what I was waiting for all weekend: articles on what the USGS survey of the Permian mean; what the implications are. From oilprice:This week the United States Geological Survey (USGS) announced a groundbreaking oil and gas discovery in West Texas’ Permian Basin.
According to the organization’s recent press release, a whopping 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids are now believed to lie untapped in the Wolfcamp Shale and overlying Bone Spring Formation area of Texas and New Mexico’s Permian Basin.
Major players in the energy industry already have a significant presence in Wolfcamp and Bone Spring, including Occidental Petroleum Corp. and Pioneer Natural Resources Co.
It was already well known and well documented that these fields were remarkably fertile grounds for oil extraction, but the jaw-dropping extent of the new figures released this week by the USGS has made the massive crude and shale reserves of the Permian Basin freshly headline-worthy. The figures in this week’s press release are in fact, in the case of Wolfcamp Shale, more than double the previous resource assessment.USGS press release here.
Thus Article Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018
That's an article Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018 with the link address https://mylivemyidea.blogspot.com/2018/12/permian-estimates-jaw-dropping-oilprice.html
0 Response to "Permian Estimates -- Jaw-Dropping -- Oilprice -- December 9, 2018"
Post a Comment