In Texas, discovered the largest oil and gas field

Photo: depositphotos.com

In Texas, discovered the largest shale oil field of the Perm oil and gas basin.

According to experts in the field of oil exploration, the so-called Wolfekamp oil reservoir can contain up to 20 billions of barrels of oil worth up to $ 900 billions. Thus, this field may be 3 more times than the Bakken formation in North Dakota, which is considered the largest unconventional oil field ever discovered.

“The fact that this field is estimated to be the largest one we have ever found proves that even in regions where we have already produced billions of barrels of oil, there is the potential to find billions more,” said Walter Gidros, coordinator of the energy program of the US Geological Survey.

This discovery also reinforces the words of those who believe that there can be up to 75 billions of barrels of shale oil in the Permian basin. Thus, this field may be the second largest after the Gavar field in Saudi Arabia.

Oil has been produced in the Perm Basin since the field was discovered in the 1920s. According to the newspaper Ft. Worth Star Telegram, the shale layer of the region is barely touched.

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