Early estimate from Pioneer Natural Resources are than it could contain 50 billion barrels of recoverable oil, which would make it the second largest in the world, behind only the legendary Ghawar in Saudi Arabia. _RealClearEnergy
The Spraberry Wolfcamp oilfield is still being mapped out, but so far over 50 billion barrels of oil has been estimated in place. Ultimately, this US oilfield may prove larger than the giant Ghawar field in Saudi Arabia, the largest super-giant in the world till now.
With 50 billion boe in recoverable reserves to date, Wolfcamp is bigger than the Bakken in North Dakota and South Texas’s Eagle Ford shale. Sheffield noted that recoverable reserves are based solely on the Wolfcamp A, B, D, and the Jo Mill. “More reserves are yet to be discovered,” he said.
Geographically, Wolfcamp is comparable to other plays. A unique feature that puts it ahead of other plays is its variety of geological zones. The play contains 3,500-4,000 ft of shales, which is more like 3-4 million acres when considered in 3D space as opposed to 2D space.
“Compare that to the Eagle Ford shale formation, which is about 300 ft deep and the Spraberry Wolfcamp shale, with its 50 billion boe, begins to dwarf the Eagle Ford and the Bakken with 27 billion boe and 13 billion boe, respectively,” Sheffield said.
According to Sheffield, PNR’s success in Eagle Ford has provided a smooth transfer into Wolfcamp. “When compared by phases of development, we see the Wolfcamp trending higher than the Eagle Ford based on activity and production,” Sheffield said. _Oil&Gas Journal
Image Source: Real Clear Energy
Humans have barely begun to tap the vast hydrocarbon wealth resting fallow inside the Earth.
The ongoing global scale-up of shale gas production alone is destined to overturn conventional energy markets — with Russia being particularly inconvenienced.
Human nature leads us to wallow in apocalyptic theories such as anthropogenic climate doom and peak oil. But human nature also compels us to innovate and solve problems.
Not all humans are equally endowed with intelligence and drive. But all humans can benefit from those who are so endowed, if corrupt politicians were forced to release their suffocating grip on human potential.
China’s vast shale gas will eventually be tapped, eventually making the vaunted China : Russia gas pipeline run the other way. But by then, the only ones left in Russia will be muslims and the new Chinese overlords.