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This is good news.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.
The estimate lends credence to the assertion from Pioneer Natural Resources CEO Scott Sheffield that the Permian’s shale could hold as much as 75 billion barrels, making it second only to Saudi Arabia’s Ghawar field. Irving-based Pioneer has been increasing its production targets all year as drilling in the Wolfcamp produced bigger gushers than the company’s engineers and geologists forecast.
No, no it's not.
No, no it's not.
What is it that is most important? It is people, it is people!
Nope. Enjoy it while you live. It's your children and grandchildren that will reap the whirlwind.
What is it that is most important? It is people, it is people!
Global warming is obviously of no importance to you.NO, it's oil shale. Soylent Green is people.
Global warming is obviously of no importance to you.
What is it that is most important? It is people, it is people!
Global warming is obviously of no importance to you.
What is it that is most important? It is people, it is people!
Global warming is a hoax
No, it is not. Fully 98% of ALL climate scientists agree that it is occurring and it is quite obvious that it is. The burning of fossil fuels will only speed the damage that your children and grandchildren need deal with.
It's important to me.Global warming is obviously of no importance to you.
What is it that is most important? It is people, it is people!
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