New Shale Formation in West Texas could Dwarf the Bakken

[Doc91678]

By Charles Kennedy
January 30, 2013



The US shale boom has led some to predict that it will overtake Saudi Arabia as world’s largest oil and gas producer by 2020, thanks to the massive reserves found in plays such as the Bakken Shale of North Dakota, the Marcellus Shale in New York, and the Eagle Ford Shale in Texas; even the newly discovered Tuscaloosa Shale formation in Louisiana holds large potential.

However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment.

The play is known as the Cline Shale play and has been discovered in the Permian Basin.

John Breyer a geologist at Marathon Oil Corp.(NYES: MRO) said that this new discovery could dwarf anything that exists in North Dakota...


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New Shale Formation in West Texas could Dwarf the Bakken

 

[Mr. H.]

Sorry to break the news to you, but they ain't fracking in New York.
The Marcellus is happening in PA, not NY.

 

[asaratis]

Is this on privately owned land or does Obama have the muscle to preclude extraction of the oil so we can remain friends with the Muslims?

 

[Doc91678]

Sorry to break the news to you, but they ain't fracking in New York.
The Marcellus is happening in PA, not NY.

Mr. H,
Who said anything about fracking or drilling in the NYS part of the Marcellus shale formation? All that was noted is that the Marcellus formation is just part of all the shale gas and oil that is and has up to now been found in the U.S.

 

[Synthaholic]

Good. Who gives a shit if Texas has earthquakes.

 

[auditor0007]

Good. Who gives a shit if Texas has earthquakes.

Hey, let's just dig up all the shale in the Green River Basin and turn it into oil. We have over 1.5 trillion barrels of oil. Everyone in America will be rich. Of course, we probably won't have any usable water or land left to farm once all the leftover residue enters our waterways, but so what? We'll all be rich.

 

[there4eyeM]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

 

[sfcalifornia]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

 

[Oldguy]

And, the Monterey Shale in the San Joaquin Valley of California, which is estimated to hold 4 times the amount of oil as the Bakken.

http://www.nytimes.com/2013/02/04/u...?nl=todaysheadlines&emc=edit_th_20130204&_r=0

We're swimming in crude. What happened to that "peak oil" we've been hearing about since the 1970's? If prices really are driven by supply and demand, why are we still paying over $3 a gallon for it?

 

[there4eyeM]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

 

[sfcalifornia]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

lol

They certainly don't think outside their boxed-in, little world.

 

[Mr. H.]

Sorry to break the news to you, but they ain't fracking in New York.
The Marcellus is happening in PA, not NY.

Mr. H,
Who said anything about fracking or drilling in the NYS part of the Marcellus shale formation? All that was noted is that the Marcellus formation is just part of all the shale gas and oil that is and has up to now been found in the U.S.

Roger that.

 

[there4eyeM]

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

lol

They certainly don't think outside their boxed-in, little world.

I think their box is glass sided. They don't seem to even see it.

 

[GuyPinestra]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Your "modern, clean energy" has a cost about 10X what our current supplies cost, and the government subsidies amount to nothing more than ANOTHER tax on the less than 50% who PAY taxes.

 

[there4eyeM]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Your "modern, clean energy" has a cost about 10X what our current supplies cost, and the government subsidies amount to nothing more than ANOTHER tax on the less than 50% who PAY taxes.

Whatever works for the big guys is what is made to seem what works.

figure: in a recent year, EXXON made a net profit of $1400.00...

...per second.

 

[HereWeGoAgain]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Your "modern, clean energy" has a cost about 10X what our current supplies cost, and the government subsidies amount to nothing more than ANOTHER tax on the less than 50% who PAY taxes.

Whatever works for the big guys is what is made to seem what works.

figure: in a recent year, EXXON made a net profit of $1400.00...

...per second.

Nice work if you can get it.
And until someone comes up with a viable alternative were stuck with oil.

 

[Soggy in NOLA]

And, the Monterey Shale in the San Joaquin Valley of California, which is estimated to hold 4 times the amount of oil as the Bakken.

http://www.nytimes.com/2013/02/04/u...?nl=todaysheadlines&emc=edit_th_20130204&_r=0

We're swimming in crude. What happened to that "peak oil" we've been hearing about since the 1970's? If prices really are driven by supply and demand, why are we still paying over $3 a gallon for it?

Weak USD and government regulations are a big factor.

 

[OKTexas]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

You ever been on a drilling rig? Or do you get all your info from the enviro weenies? Show me an alternative to oil that will economically keep a 747 in the air, then we can talk.

 

[Soggy in NOLA]

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

You ever been on a drilling rig? Or do you get all your info from the enviro weenies? Show me an alternative to oil that will economically keep a 747 in the air, then we can talk.

We just need really long extension cords.

 

[LogikAndReazon]

This is likely to be very unwelcome news to those who believe our energy independence should derive from wind and barley power.............