Those involved in the project estimate up to 30 billion barrels of oil are trapped in the New Mexico portion of the Mancos Shale bed, with about 1.5 billion of those barrels being economically recoverable.
Two exploratory wells are expected to be drilled in the fall.
Read the full report here.
When I lived at Farmington there were gas wells everywhere. Last time I was back there in 2009, I noticed many oil field pumps operating where the gas wells were.
I got a little advice for them boy’s, they might consider drilling them wells, all that digging will wear a man out.
Shale oil has been processed in Utah for as long as I can remember. The Sinclair oil company, and one called Utoco have made fortunes from shale oil. I don’t know if Utoco is still in business or has been absorbed, but it seems shale oil deposits have been largely overlooked for a good many years.
Bump
Ping.