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| Permian’s Wolfcamp formation called biggest shale oil field in U.S.; Big jobs coming to LA & TX | |
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| Tweet Topic Started: Nov 16 2016, 05:02 PM (188 Views) | |
| dcbl | Nov 16 2016, 05:02 PM Post #1 |
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Good guys wear white hats
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Permian’s Wolfcamp formation called biggest shale oil field in U.S. In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath West Texas. That’s almost three times larger than North Dakota’s Bakken play and the single largest U.S. unconventional crude accumulation ever assessed, according to the U.S. Geological Survey. At current prices, that oil is worth almost $900 billion. |
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Republicans sign checks on the front, democrats sign them on the back…True story! | |
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| dcbl | Nov 16 2016, 05:08 PM Post #2 |
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Good guys wear white hats
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An older article - TX paper
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Republicans sign checks on the front, democrats sign them on the back…True story! | |
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| George Aligator | Nov 16 2016, 05:21 PM Post #3 |
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These oil fields will contribute to global climate change and air pollution but at least they won't do much damage to the local area as west TX and OK are already largely uninhabitable wasteland. |
| Conservatism is a social disease | |
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9:55 AM Jul 11