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US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin

Gateway Pundit – by Jim Hoft

A new report on Thursday by the United States Geological Survey (USGS) discovered the largest continuous oil and gas resources EVER in the Texas and New Mexico Delaware Basin.

The new report indicates the basin contains an estimated 46.3 billion barrels of oil plus 281 trillion cubic feet of gas and 20 billion barrels of NGL. 


Assessment units of the Wolfcamp Shale and Bone Spring Formation in the Delaware Basin of Texas and New Mexico.
Credit: USGS

This is terrific news for American workers and consumers… Unless, of course, Democrats ever regain control of government.

Science Daily reported:

Today, the U.S. Department of the Interior announced 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 barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey (USGS). This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.

“Christmas came a few weeks early this year,” said U.S. Secretary of the Interior Ryan Zinke. “American strength flows from American energy, and as it turns out, we have a lot of American energy. Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

“In the 1980’s, during my time in the petroleum industry, the Permian and similar mature basins were not considered viable for producing large new recoverable resources. Today, thanks to advances in technology, the Permian Basin continues to impress in terms of resource potential. The results of this most recent assessment and that of the Wolfcamp Formation in the Midland Basin in 2016 are our largest continuous oil and gas assessments ever released,” said Dr. Jim Reilly, USGS Director. “Knowing where these resources are located and how much exists is crucial to ensuring both our energy independence and energy dominance.”

Although the USGS has previously assessed conventional oil and gas resources in the Permian Basin province, this is the first assessment of continuous resources in the Wolfcamp shale and Bone Spring Formation in the Delaware Basin portion of the Permian. Oil and gas companies are currently producing oil here using both traditional vertical well technology and horizontal drilling and hydraulic fracturing.

Gateway Pundit

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2024

13 Responses to US Geological Survey Discovers Largest Continuous Oil and Gas Resources EVER in Texas-New Mexico Delaware Basin

  1. Mark Schumacher in LV says:

    Too bad it doesn’t belong to the United States of America, it belongs to the world.

    • galen says:

      Remember those words: Possession is nine-tenths of the law?

      I want my energy bill to go down. Social security gave a $12 dollar raise last year. But utility bill increased by $20. Healthcare by $25. I hate going backwards but they keep pushin’ that way.

      Thiking of those in France.

      .

      • Mark Schumacher in LV says:

        The people in France have more balls than we do, we cower, they fight. Macron had to back off. Our people hide under mom’s skirt.

        America is way behind in everything, lousy trains, cars, boats, hotels, modern homes everything, but we have a lot of millionaires and billionaires, many who have moved to Europe to be with their money.

        You ought to see how modern they’re trucks are, motorhomes, airplanes.

        Look at this for example, we have nothing like this, everything is completely modern tech, we are a joke compared to the Germans.

        https://youtu.be/_IvLSJmM7PQ

        https://youtu.be/QBd_uC_BTq8

        • galen says:

          I want us to shine again, Mark, to build with quality and integrity. I want to be proud of my homeland. I want it to stop killing for Israel, and to stop neglecting its own people. We have the greatness in us and maybe all this oppression we are under will serve to anger us enough to do something about it and then go about reclaiming that greatness. It’s the making ends meet that requires so much effort from the people. Well, it’s all coming to a head soon. We’re fast approaching breaking point.

          .

          • DL. says:

            I’ve been saying “it’s all coming to a head soon” for years, and here is why: the Criminal Psychopathic Elites may be elites and they are also criminals and they know it, but they are also psychopaths. Meaning, as with all psychopaths, they are circling their own destruction. Because they are psychos and because they are all puppets (to Satan or Satan’s synagogue), while they think they run everything, they run nothing, thus (since Satan the deceiver needs blood) they are circling their own wagons to destruction. I don’t know all the truth about what’s going on in France, but either the French will get it right and thus provide a methodology, or they won’t and they provide another example of what not to do.

          • galen says:

            Well, my reason for saying that it will all be coming to a head soon was because the people can only take so much and they are beyond fed up. Breaking point.

            .

  2. DL. says:

    Cute, real cute, considering these facts: one, fracking has destroyed the ONLY fresh water spring swimming pool in all of far west Texas, located outside Balmorhea (which also houses catfish, turtles, all kinds of fish, barnacles, and other water creatures, a scuba diver haven),as well as the oasis springs that spring from it; two, has poisoned drinking water in much of Reeves county (central to the map circle) and messed up Phantom cave which also carries this fresh spring water stemming from Carlsbad Caverns; three, is likely to pollute our own water well in our POA; four, it will spur more nonsense from the Trans-Texas pipeline which no residents want out here, including ranchers of range-fed beef, poultry, organic growers; five, idiots messing with fiber-optic cables are constantly taking out our internet (even more than lightning!); six, if you’ve ever driven from our neck of the woods to Pecos on up to Midland-Odessa (Permian basin oil-fracking fields) you sure as hell don’t want to live in an area over-run with trailers of oil field workers and families that think they own the entire far west Texas!–as resident just below that purple circle in that diamond-shaped county.

    Take your fracking-oil well drilling “business” elsewhere! And, I almost forgot–in another five years all those “jobs” will likely disappear like they always do! Don’t do us any favors, okay?

  3. 'ol stewbum says:

    Reserves. I remember them pesky a-rabs in the 70’s jacking the prices. I also remember the US petroleum pumping would cease, to keep what’s left for ourselves, in the event the rest of the world gets a-rabbed too badly, we got our reserves.

  4. NC says:

    “This is terrific news for American workers and consumers… Unless, of course, Democrats ever regain control of government.”

    What do you mean terrific news? They’re just going to ship it out to other countries and we’ll still be paying dollars at the pump, no thanks to our foreign government in occupation.

    • DL. says:

      Exactly. And even if they do hire strictly Americans, here’s the thing (and since I live in this area I know what I am talking about)–the jobs last a couple of years, while the environmental damage is permanent.

  5. mary in TX says:

    raping us of our resources and destroying our land

  6. H D says:

    What mary said ours stuff

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