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To: thackney; bestintxas; Kennard; nuke rocketeer; crusty old prospector; Smokin' Joe

Two interesting things to point out in the article
1.) Rising estimates on recoverable oil in the Permian.

“As that slide points out, Pioneer Natural Resources (NYSE: PXD ) now estimates the Spraberry/Wolfcamp shale formations in the Permian Basin contain 75 billion barrels of recoverable oil and gas. That number is actually a major upward revision from last year when Pioneer estimated the two formations held 50 billion barrels of recoverable oil and gas.”

2. Another mention of Tuscaloosa Marine shale in the Gulf Coast region as promising area along with a couple Rocky mountain plays.

“The two most promising appear to be the Tuscaloosa Marine shale in the Gulf Coast region and several shale plays in the Rockies. EOG Resources this year unveiled four new horizontal oil discoveries in the Rockies,”


7 posted on 06/22/2014 11:00:09 AM PDT by ckilmer (q)
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To: ckilmer
Gulf oil were drilling wells all over OK and TX from the 80's well into
the 90's. Many people working those fields told me outright that the wells
were being found and capped for no apparent reason and they didn't understand it.
Most were frustrated by it also because of the assumed hyperboyle of the so called
fossil fuel myth.


In case you don't know, Fossil Fuel was a disinformation
campaign propagated
by the very same people against Coal whereas the oil was derived from
Dinosaurs and would run out. The exact opposite is true and oil does replenish itself.
How long earth pressures take to create said oil is not yet known
but it has been simulated and recreated.

13 posted on 06/22/2014 11:13:25 AM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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