Oil & Gas: U.S. Geological Survey Latest Permian Basin Report—That's A Big Field

From Investing.com (also on blogroll at right):
December 6, 2018
Texas too New United Mexican States shale basins concur 49 years worth of oil: USGS

The largest stone oil champaign inwards the USA holds equally much equally 49 years worth of stone oil at electrical current production rates, according to information from a study released on Th past times the U.S. Geological Survey (USGS).

In its outset assessment of the Delaware share of the Permian shale champaign that spans westward Texas too New Mexico, the USGS, which is business office of the U.S. Department of the Interior, said it contains most 46.3 billion barrels of stone oil too 281 trillion cubic feet of natural gas.

The authorities estimates include all hush-hush shale stone oil too gas that is technically recoverable precisely may non hold upward economical to extract at electrical current prices.

The gauge is twice the size of the country's side past times side largest shale reserve - the Midland Basin - roughly other share of the Permian. In 2016, that was constitute past times the USGS to convey most twenty billion barrels of stone oil too sixteen trillion cubic feet of natural gas....MORE

Here's the USGS

USGS Identifies Largest Continuous Oil too Gas Resource Potential Ever

And the report:

Assessment of Undiscovered Continuous Oil too Gas Resources inwards the Wolfcamp Shale too Bone Spring Formation of the Delaware Basin, Permian Basin Province, New United Mexican States too Texas, 2018