Is shale found in Texas?
Is shale found in Texas?
The U.S. Geological Survey (USGS) announced it found the largest continuous oil and gas deposit ever discovered in the U.S. The Wolfcamp shale sits in West Texas and contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas.
Where is the Wolfcamp formation?
Permian Basin
The Wolfcamp Shale is an oil and gas formation found throughout the Permian Basin. (See Permian Basin Geologic Break down below.) Historically, development in the Permian has been mostly vertical. In the last few years, however, companies have shifted focus to horizontal development.
What formations are in the Permian Basin?
The recent increase in Permian crude oil production is largely concentrated in six low-permeability formations that include the Spraberry, Wolfcamp, Bone Spring, Glorieta, Yeso, and Delaware formations.
Is shale found in West Texas?
In its first assessment of the Delaware portion of the Permian shale field that spans west Texas and New Mexico, the USGS, which is part of the U.S. Department of the Interior, said it contains about 46.3 billion barrels of oil and 281 trillion cubic feet of natural gas.
How many oil reserves are in Texas?
Data
| Reserves | ||
|---|---|---|
| Crude Oil (as of Dec. 31) | 18,622 million barrels | 42.1% |
| Expected Future Production of Dry Natural Gas (as of Dec. 31) | 113,736 billion cu ft | 24.4% |
| Expected Future Production of Natural Gas Plant Liquids | 9,175 million barrels | 42.4% |
| Recoverable Coal at Producing Mines | 345 million short tons | 2.4% |
How deep are Permian Basin wells?
The basin contains one of the world’s thickest deposits of Permian-aged rocks from an era 299 million to 251 million years ago, when the basin reached its maximum depth of 29,000 feet. And that thickness is what separates the Permian from everything else.
Are there new shale formations in West Texas?
However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment. The play is known as the Cline Shale play and has been discovered in the Permian Basin.
How big is the Cline formation in Texas?
Devon’s tests showed that around 3.6 million barrels of oil could be recovered per square mile, and as the Cline formation covers roughly 9,800 square miles it gives an estimated reserve of more than 30 billion barrels. A fair bit more than the 4.3 billion in the Bakken, or the 3 billion barrels in the Eagle Ford plays. By.
How big is the porosity of the Cline Shale?
Exploitation is projected to rely on hydraulic fracturing. an organic rich shale, with Total Organic Content (TOC) of 1-8%, with silt and sand beds mixed in. It lies in a broad shelf, with minimal relief and has nice light oil of 38-42 gravity with excellent porosity of 6-12% in thickness varying 200 to 550 feet thick.
What kind of oil does Cline Shale have?
an organic rich shale, with Total Organic Content (TOC) of 1-8%, with silt and sand beds mixed in. It lies in a broad shelf, with minimal relief and has nice light oil of 38-42 gravity with excellent porosity of 6-12% in thickness varying 200 to 550 feet thick.