This bit of fluff from the oil industry is about an area that has produced oil for more than 100 years. It borders the Kern oil fields. You also notice from the article that there is NO mention of actual tracking or otherwise dealing with the shale to give up its oil.
Colorado Shale fields were in this same state in the 70s. Much was claimed, much was ‘started’….nothing was produced and all major players have pulled out.
Do not kid yourselves. California is NOT North Dakota. This will never come to fruition EVEN IF the technology were there
You used the word tracking again. Do you mean hydraulic fracturing or something else.
Do you understand that the falling oil production rate in California finally bottomed out and began a tiny climb?
No doubt they are behind most everyone others. And plenty of folks will drag down the progress and get in the way. But the increase in production has started, following the increase in drilling rigs that already started.
California Field Production of Crude Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPCA2&f=M
Colorado Shale fields were in this same state in the 70s. Much was claimed, much was ‘started’….nothing was produced and all major players have pulled out.
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The niobrara formation in Colorado is currently experiencing a huge boom.