USGS estimates 20B barrels of oil in Texas’ Wolfcamp Shale; largest USGS estimate of continuous oil ever in US
Green Car Congress
NOVEMBER 16, 2016
The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the US Geological Survey.
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