Oil & Gas: U.S. Geological Survey Latest Permian Basin Report—That's a Big Field

From Investing.com (also on blogroll at right):
December 6, 2018
Texas and New Mexico shale basins hold 49 years worth of oil: USGS

The largest oil field in the United States holds as much as 49 years worth of oil at current production rates, according to data from a report released on Thursday by the U.S. Geological Survey (USGS).

In its first assessment of the Delaware portion of the Permian shale field that spans west Texas and New Mexico, the USGS, which is part of the U.S. Department of the Interior, said it contains about 46.3 billion barrels of oil and 281 trillion cubic feet of natural gas.

The government estimates include all underground shale oil and gas that is technically recoverable but may not be economic to extract at current prices.

The estimate is twice the size of the country's next largest shale reserve - the Midland Basin - another portion of the Permian. In 2016, that was found by the USGS to have about 20 billion barrels of oil and 16 trillion cubic feet of natural gas....MORE

Here's the USGS

USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever

And the report:

Assessment of Undiscovered Continuous Oil and Gas Resources in the Wolfcamp Shale and Bone Spring Formation of the Delaware Basin, Permian Basin Province, New Mexico and Texas, 2018