Tag: recoverable
Alberta Duvernay Shale has significant potential for oil and natural gas – NEB
Duvernay Shale has more marketable oil resource than Bakken Formation in Saskatchewan The NEB estimates Alberta’s Duvernay Shale has the potential to produce 3.4 billion barrels of marketable crude oil, 76.6 trillion cubic feet of marketable natural gas, and 6.3 billion barrels of marketable natural gas liquids (NGLs). The Duvernay Shale was deposited as organic-rich mudstone, a fine-grained rock, that extends beneath 130,000 square […]
20 billion barrels of oil in Texas’ Wolfcamp shale formation – USGS
Wolfcamp largest estimate of continuous oil that USGS has ever assessed in the US The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to […]
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