.
The implications for real estate and oil boomtowns are monumental….
https://www.breitbart.com/border/2018/12/07/largest-oil-and-gas-reserves-ever-assessed-found-in-west-texas/
Excerpt:
In 2016, independent oil and gas consulting firm Rystad Energy released data that revealed Texas held 60 billion barrels of shale oil, more recoverable oil than in Saudi Arabia. Not long after, the USGS discovered the Wolfcamp shale in the Midland Basin portion of the Texas Permian Basin held the record for the most oil, natural gas, and gas liquid deposits that were “undiscovered, technically recoverable resources.” They called this the largest shale formation of its kind in the Midland-Odessa region that may account for 20 billion barrels of crude oil, 16 trillion cubic feet of natural gas, and 1.6 billion barrels of natural gas liquids. By year’s end, Chevron Corporation announced an aggressive plan to tap into the Permian oil resources in an attempt to triple daily crude output by 2020.
–Dee
.