USGS identifies largest continuous oil, gas resource potential ever assessed

The US Department of the Interior reported that the Wolfcamp shale and overlying Bone Spring formation in the Delaware basin portion of Texas and New Mexico’s Permian basin province contain an estimated mean of 46.3 billion bbl of oil, 281 tcf of natural gas, and 20 billion bbl of natural gas liquids, according to an assessment by the US Geological Survey.

Source: News