Highlights of the article for me are the following..........
The United States Geological Survey (USGS), in its most recent assessment of undiscovered oil and gas resources of the Permian Basin in West Texas and Southeastern New Mexico, estimated a mean of 41 trillion cubic feet (Tcf) of undiscovered natural gas and a mean of 1.3 billion barrels of undiscovered oil in the Permian Basin.
“That is a lot of oil,” said Curtis Schenk, project chief for the USGS
“There is tremendous potential in the Wolfberry,” the hottest new technological play in the Permian Basin that commingles the Spraberry, Dean and Wolfcamp formations.
GGP Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
