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Published on Tuesday, November 15, 2016

Assessment of Undiscovered Continuous Oil Resources in the Wolfcamp Shale of the Midland Basin, Permian Basin Province, Texas, 2016

Assessment of Undiscovered Continuous Oil Resources in the Wolfcamp Shale of the Midland Basin, Permian Basin Province, Texas, 2016

Press Release and Publication: National and Global Petroleum Assessment


This is the largest estimate of continuous oil that USGS has ever assessed in the United States.

Using a geology-based assessment methodology, the U.S. Geological Survey assessed technically recoverable mean resources of 20 billion barrels of oil and 16 trillion cubic feet of gas in the Wolfcamp shale in the Midland Basin part of the Permian Basin Province, Texas.


USGS News Release 
(11/15/2016)


USGS Fact Sheet 2016-30928



Project Websites:

National Oil and Gas Assessment & Global Petroleum Assessment



 

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