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USGS estimate pegs Delaware Basin oil resources at 46 Bbo
The US Geological Survey released its first assessment of unconventional potential in the Delaware basin. The report estimated the Wolfcamp and Bone Springs in that part of the Permian to hold mean-case undiscovered, technically recoverable resources totaling 46.3 Bbo, 281 Tcf and 19.9 Bbbl of NGLs, or 113 Bboe. That makes Delaware Basin the largest oil accumulation ever assessed by the agency, more than doubling the 20 Bbo assessed two years ago for the......
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