https://www.breitbart.com/bord...found-in-west-texas/

The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.

In a new assessment, the U.S. Geological Survey (USGS) estimated these untapped regions in the Delaware Basin of the Permian contained 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, more than two times larger than its 2016 assessment of the Wolfcamp shale play in the Permian’s Midland Basin.

USGS fact sheet:

https://pubs.er.usgs.gov/publication/fs20183073

That's an incredible find!

Oil in West Texas? Who would have thought!?

(I know this wasn't specifically known . . . but come on.)

quote:

Originally posted by jhe888:
Oil in West Texas? Who would have thought!?

(I know this wasn't specifically known . . . but come on.)

It does make me wonder, in this day and age, there wasn't already some serious clues something was there.

Well shucks. Hopefully that will put another stick in the spokes of Obama’s fuel from algae idea.

quote:

Originally posted by 6guns:

quote:

Originally posted by jhe888:
Oil in West Texas? Who would have thought!?

(I know this wasn't specifically known . . . but come on.)

It does make me wonder, in this day and age, there wasn't already some serious clues something was there.

It's not my end of the business (Bigboreshooter is likely most knowledgeable on forum in this area), but part of the problem is the USGS put out a shitty press release with shitty graphics. Did I mention shitty?

This map will make more sense:

The graphic came from this Permian Basin Overview site.

My unsophisticated summary:

A decade ago, we thought the Permian Basin was played out and they found another formation (the Delaware Basin) under it. Today's announcement is we found 2 more formations under the Delaware Basin.

This is getting into some serious supercomputing and revolutionary 3D seismic to find formations under formations.

---

Ego is the anesthesia that deadens the pain of stupidity

DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.

Im originally from that area and there has been meaningful exploration, drilling and production for at least the 60 years.

I have never heard why they named some of the strata "Delaware" and "Pennsylvania"......

Yo dawg, we heard you like basins so we put some basins under your basin so you can basin while you basin.

Any second now the environazis will file some sort of law suit. We can't have cheaper oil; whatever will we do with all those electric cars?

quote:

Originally posted by Sportshooter:
Well shucks. Hopefully that will put another stick in the spokes of Obama’s fuel from algae idea.

Bio-Diesel can be made from Algae and other plant material and from discarded Plastics too.

Problem is Oil companies aren't interested in cheaper Diesel fuel and the average motorist doesn't like Diesel power.

quote:

Originally posted by MRMATT:
Any second now the environazis will file some sort of law suit. We can't have cheaper oil; whatever will we do with all those electric cars?

Burn 'em in piles like the scooters.

I'm in Midland on Tuesday. The Permian has been booming recently. Try booking a hotel at a reasonable rate.

This headline isn't too alarming and should keep people busy for years to come.

quote:

Originally posted by GWbiker:
Problem is Oil companies aren't interested in cheaper Diesel fuel and the average motorist doesn't like Diesel power.

And why wouldn't most Americans not like diesel power. It couldn't possibly be that the US government has done everything possible to tamp down interest in diesel so it doesn't detract from their pushing of alternative energy boondoggles (i.e. electric toys). The average American motorist hasn't a clue what consumer diesel is and why it would be a good option in many of the vehicles they drive.

These 'finds' of more and more oil should really create major problems for the global warming, save the planet crew, and their alternative energy agenda.

I had a 1980 diesel Rabbit. 48 HP

50 mpg (in 1980)

The University of Texas’ coffer just got that much bigger. Funny when I read endowments in US
News and World Report they consistently gets the real figure wrong where endowments are concerned.

quote:

Originally posted by MRMATT:
Any second now the environazis will file some sort of law suit. We can't have cheaper oil; whatever will we do with all those electric cars?

In Texas? Drilling for oil is what we do, brother.

My roommate had an 80s era diesel Rabbit. I remember it drive pretty well.

Of course VW's more recent diesel shenanigans have pretty much doomed diesel for passenger cars, at least for a while.

quote:

Originally posted by sdy:
I had a 1980 diesel Rabbit. 48 HP

50 mpg (in 1980)

quote:

Originally posted by Dakor:
The University of Texas’ coffer just got that much bigger. Funny when I read endowments in US
News and World Report they consistently gets the real figure wrong where endowments are concerned.

To add, for those of you who didn't know UT has 2.1 million acres of land (called a permanent university fund) with mineral rights. All of these PUF lands were endowed well before (final million acres of PUF was 9 years before) oil & gas exploration began in Texas in the 1890s. First royalty was paid to the PUF 95 years ago.

quote:

Originally posted by jhe888:

quote:

Originally posted by MRMATT:
Any second now the environazis will file some sort of law suit. We can't have cheaper oil; whatever will we do with all those electric cars?

In Texas? Drilling for oil is what we do, brother.

Well, that and selling booze, drugs and pickup trucks that look like double wides on four tires, yes. And hooking, there's definitely some hooking going on. That's where a lot of kids learn the finer points of gold-digging.

quote:

Originally posted by GWbiker:

quote:

Originally posted by Sportshooter:
Well shucks. Hopefully that will put another stick in the spokes of Obama’s fuel from algae idea.

Bio-Diesel can be made from Algae and other plant material and from discarded Plastics too.

Problem is Oil companies aren't interested in cheaper Diesel fuel and the average motorist doesn't like Diesel power.

Why would they ? You can't produce deisel from trash as cheaply or effectively as pumping it out of the ground. For that matter you can't power Aircraft Carriers and fighter aircraft with solar panels. Both lines of thought are preposterous.