Peak Oil: Meet Massive New Super-Giant Oilfield in Texas

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.

More: Shale production just keeps ramping up, despite everything the deniers try to claim!

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.

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3 Responses to Peak Oil: Meet Massive New Super-Giant Oilfield in Texas

  1. Sam says:

    At first I didn’t agree with you about peak oil, then I did, but now afraid I don’t. I’m open minded on this and change based on the evidence I see. Yes there’s plenty of oil but it’s hard to get at. I also believe that the shale oil plays have very high drilling cost to keep the flow. The high cost depresses the economy. If we were, as you have said, to start now with wide spread mass produced mini-reactors I believe we could keep the party rolling but it’s getting a little late to do this. I don’t see any regulatory efforts to make this possible. I’m afraid we’re going to have a disconnect when with a little planning we could have plentiful supplies of energy.

  2. alfin2101 says:

    Thanks for the comment, Sam. You make some interesting points.

    The problem comes from trying to predict the future, which is actually very difficult. Doomers do not hesitate to predict doom,, being compelled by dark inner forces which they cannot control and are generally not aware of.

    Cornucopians such as Julian Simon may seem to be predicting the future, but in reality they are merely pointing out what could be done if humans had the will. Doom can be a self-fulfilling prophecy, since dwelling on doom brings depression and the collapse of will.

    Everything is up for grabs. This blog tries to stay away from predicting the future, but it does point out possibilities.

  3. PaleoSapiens says:

    alfin2101, nice to see you didn’t completely drop off the ‘net. It took some persistent searching to find “next level.”
    On to your lament, “…if corrupt politicians were forced to release their suffocating grip on human potential.”
    There is a solution.
    It’s not easy, nor easily learned and applied.
    A LOT of sifting was done in listening to podcasts and reading articles by Dean Clifford, Marc Stevens, and Karl Lentz.

    Succinctly, what the public thinks is “the law” …isn’t. What you, and many others, think applies to you — doesn’t apply. It’s all smoke, mirrors, and idiots with lethal weapons more than willing to use them. What passes for laws today are actually codes, statutes, rules, and policies. Real law is when actual damage/harm, shown with empirical evidence, is done to another HUMAN (natural law, i.e. gravity, is also real law). Governments are corporations, which are legal FICTIONS. When PROPERLY challenged, codes, statutes, etc. have no power over you personally/individually.

    There’s no silver bullet or magic method to completely defeat the modern plague of bureaucrats. However, there are numerous ways to combat them and as Marc Stevens roughly says, “limit the damage…” The cost is your time and persistent efforts (sacrificed to otherwise, more satisfying pursuits).

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