[Most Recent Entries]
Below are the
most recent journal entries recorded in
Wednesday, November 16th, 2016
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 the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.
Chief Executive Officer Scott Sheffield’s assertion that the Permian’s shale endowment could hold as much as 75 billion barrels, making it second only to Saudi Arabia’s Ghawar field.
Libya to Nearly Double Oil Output as OPEC’s Task Gets Harder
ELP - Karn Evil 9
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