Texas holds the largest oil and gas deposit ever discovered in United States

Saturday, November 19th 2016 - 21:29 UTC

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The U.S. Geological Survey says it has found the largest continuous oil and gas deposit ever discovered in the United States. A swath of West Texas known as the Wolfcamp shale contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas which makes it nearly three times more petroleum than the agency found in North Dakota's Bakken shale in 2013. Read full article

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chronic
Tejas T.
Nov 19th, 2016 - 09:38 pm - Link - Report abuse -9
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Heisenbergcontext
Time for a Beverley Hillbillies remake?
Nov 20th, 2016 - 09:38 am - Link - Report abuse +1
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Think
Contextualizing this news to the Malvinas Islands issue...

Permian bassin in Tejas...
Fushun, Maoming, Nong'an and Longkou in 中國/中国...
Pre Salt in Brasil...
Vaca Muerta in Argentina...
Johan Sverdrup in Norge...
+ Dozens of new huge oil discoveries in Alaska, Barents sea, Nigeria, Guyana... you name it...

Well...
The fact that the world literally swims in oil and the coming outphasing of fossil fuels doesn't wouch good for that little Engrish Pirate Oil Adventure in the South Atlantic...does it?
Nov 20th, 2016 - 10:05 am - Link - Report abuse -5
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Marti Llazo
@tinkle

No one from argenzuela would understand the concept of future value

Oh, and for the short term, Vaca Muerta has become more muerta now that the huge subsidies for development and extraction there are being removed and its low quality is unacceptable to refiners. Cheaper to import good quality hydrocarbons. YPF drilling and operating costs for a well are nearly double what they need to be to make the effort profitable.

”....The country’s energy minister, Juan Jose Aranguren.... encouraged refiners to replace imports with domestic crude as part of a plan to move toward energy self-sufficiency and avoid another year of record purchases, particularly of Liquefied Natural Gas (LNG) and gasoil. But that request has so far been difficult to meet. Argentina mostly produces heavy crude that several of its refineries cannot process, and needs lighter oil to convert into gasoline and diesel.....”

Alas, Vaca Muerta, we hardly knew ye.
Nov 20th, 2016 - 12:55 pm - Link - Report abuse -2
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Think
Hmmmmmm....

Anglo Turnips Chronic and MartiLlazo have both got far more negative votes that humble me...
What the heck am I doing wrong...?
I “demand” an explanation...!
;-)
Nov 20th, 2016 - 10:43 pm - Link - Report abuse -3
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:o))
“The News” will soon lose its commercial Value. ALL kinds of Fossil-Fuels - sooner or later - will be the fuels of yesteryears and may be found only in the museums.
Nov 21st, 2016 - 09:20 am - Link - Report abuse 0
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Think
Let's hope for sooner than later..., shall we...?
Nov 21st, 2016 - 11:15 am - Link - Report abuse 0
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Marti Llazo
@ :o)) “....Fossil-Fuels - sooner or later ....”

Be sure to give us a call a few weeks before that happens. Please also keep us posted on the date you expect the sun to implode and when Argentina will show itself capable of handling an economy.
Nov 21st, 2016 - 12:47 pm - Link - Report abuse 0
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chronic
lol.

And here's the kicker: Houston is the center of oil infrastructure.

Accordingly, to the extent that recovery cost can be equalized for comparison purposes - Texas oil will generally be more profitable that any similar reservoir situated elsewhere.

And Trump liquidates EPA/DOE.

Bingo.

New domestic refineries.
Nov 21st, 2016 - 02:35 pm - Link - Report abuse -2
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:o))
Just hold on for the next 10 years or so!
Nov 21st, 2016 - 03:00 pm - Link - Report abuse 0
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chronic
A very authoritative industry leader wrote in the o&gj in 2003 that we had reach peak oil - doh.

The age of fossil fuel is still with us and will be for the foreseeable future.

Because of land mass implicit in commercial scale alternative generation and the limitations of transmission the political agenda of the greens is thwarted.

Hell, even coal is back.

Next we'll be digging lignite or eve peat.

See - when confronted with the choice between freezing and eating it's always both, green is a luxury without the immediacy of death as an alternative.

People are to lazy to even walk or ride a bike or grow a garden - how can you expect any substantial sacrifice from them.

If true conservation was an issue for the right it might have a chance but too many identify any environmental as just another liberal humanist policy as characterized by their deification of mother earth.
Nov 21st, 2016 - 04:31 pm - Link - Report abuse -1
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:o))
A Startup: http://www.businessinsider.com/nextev-launches-electric-super-car-with-194-mph-top-speed-2016-11

Just ONE Example.

Today it is not commonly used and is unaffordable for too many - TODAY - but after about 10 years or so?
Nov 21st, 2016 - 05:34 pm - Link - Report abuse +1
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Marti Llazo
I will file your prognostications with those from 1968 that predicted mass global starvation in the 1980s, the 1995 certainties that printed books would disappear within 5 years, the obviously assured election of Hillary Clinton as president in November, and the poor fellow who in 1870 predicted that Argentina might one day have a competent government.
Nov 21st, 2016 - 07:06 pm - Link - Report abuse +1
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chronic
Speaking of green issues: How do we stop the EPA from causing more damage to the environment?

https://www.epa.gov/goldkingmine/how-did-august-2015-release-gold-king-mine-happen
Nov 22nd, 2016 - 06:40 pm - Link - Report abuse -1
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:o))
Marti Llazo:

Be sure to use the internet for filing prognostications in spite of the fact that about 20 years ago, there was not any internet either. NO wonder they say: The only thing worse than being blind is having sight and NO Vision”!
Nov 23rd, 2016 - 12:30 am - Link - Report abuse 0
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Marti Llazo
@ :o))

Actually there was an internet 20 years ago, before your time, yes, so would not expect you to understand. And I was using the net even then. Had my first email address in the early 1990s while working on a nuclear weapons program since we had connections with DARPA in the US, before returning to Argentina in 2001.
Nov 23rd, 2016 - 04:00 am - Link - Report abuse 0
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Think
Turnip Marti Llazo...
You had your first email address in the early 1990s....... huhhhh?
This humble Patagonian dweller had his first MS-DS UUCP address in the very early 80's... in Pilcaniyeu...

@dilettante!turnip!llazo!marti... ;-)
Nov 23rd, 2016 - 01:20 pm - Link - Report abuse +1
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:o))
Marti Llazo :And still you show the signs of blindness since the early 1990s and have ZERO vision! :o))
Nov 23rd, 2016 - 02:01 pm - Link - Report abuse +1
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Marti Llazo
@ :o)) Not only great vision but considerable wealth from that great vision, thank you very much.

@tinkle - was referring to conventional email address for DARPA related engineering work involving nuclear systems, and flawed comment from :o)) about internet not existing when he/she was a child 20 years ago.
Nov 23rd, 2016 - 04:02 pm - Link - Report abuse 0
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:o))
Much obliged ,Marti Llazo - for missing the point COMPLETELY! :o))
Nov 23rd, 2016 - 08:06 pm - Link - Report abuse 0
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