7 years worth? That’s it? Shouldn’t it be 70?
Cool!
I think the name needs to be changed. “Delaware” Basin? Joe Biden is from Delaware. Not good.
Frack-a-laka
It doesn’t matter. We will just ship it all over seas for a little or nothing and then buy overseas oil for a fortune.
The welfare state of New Mexico is salivating.
https://www.oilandgas360.com/delaware-basin-wolfcamp-formation-is-thicker-by-thousands-of-feet-usgs/
Oct article of this survey.
““We emphasize technically recoverable,” she said. “We look at the resources extracted today. We don’t do economically recoverable resource estimates; this is not an in-place resource estimate, it’s not a reserves estimate.””
Now let’s exploit it.
281 trillion cubic feet of natural gas = 7,957,033,892,352 cubic meters - that’s 7.9 trillion cubic meters
Looks like the US just became the worlds largest natural gas super power by so much that all the others look impoverished ... If my math is correct.
Here’s a partial list of the natural gas super powers as of 2016 in proven reserves (in million cubic meters; 1,000,000 cubic feet = 28,316.85 cubic meters. One trillion=1,000,000,000,000)
1 Russia 47,800,000
2 Iran 34,020,000
3 Qatar 24,530,000
4 United States 13,147,511
5 Venezuela 9,617,000
6 Saudi Arabia 8,489,000
7 Turkmenistan 7,504,000
8 United Arab Emirates 6,091,000
9 Nigeria 5,111,000
10 Algeria 4,504,000
11 Australia 3,500,000
12 Iraq 3,158,000
13 Indonesia 2,875,000
14 Azerbaijan 2,832,000
15 Mozambique 2,600,000
16 Kazakhstan 2,407,000
17 Egypt 2,186,000
18 Canada 1,996,000
19 Norway 1,922,000
20 Uzbekistan 1,841,000
21 Kuwait 1,784,000
22 Tanzania 1,614,060
23 Libya 1,505,000
24 India 1,489,000
25 Malaysia 1,183,000
26 Ukraine 1,104,000
Oil is a renewable resource made from vegetative matter...
... the same way it is made in a laboratory.
How long before a federal judge blocks it?
Have to figure that there is more than that. They always find more in those types of discovery than they estimate.
Feds found it? Seriously? I have many Oil and Gas friends who actually sid, in spite of the government under Obama regulations.
Haven’t read any of the responses but I’m sure a few of them have pointed out that the FED’s didn’t discover a damn thing. They didn’t do any of the exploration or the drilling, they just discovered what those of us in the oil business here in West Texas have known for decades.
WOW!!
fake news, barkie already said we can’t drill our way to energy independence.
Next they’ll be finding corroboration for abiogenic oil.
CC
More to be found if we explore hard enough.