2018
DOI: 10.3133/fs20183073
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Assessment of undiscovered continuous oil and gas resources in the Wolfcamp Shale and Bone Spring Formation of the Delaware Basin, Permian Basin Province, New Mexico and Texas, 2018

Abstract: Using a geology-based assessment methodology, the U.S. Geological Survey assessed undiscovered, technically recoverable continuous mean resources of 46.3 billion barrels of oil and 281 trillion cubic feet of gas in the Wolfcamp shale and Bone Spring Formation of the Delaware Basin in the Permian Basin Province, southeast New Mexico and west Texas.

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Cited by 44 publications
(17 citation statements)
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“…Beneath the Bone Spring Formation, the Wolfcamp Shale is a prolific tight oil and gas bearing formation. Together, the Bone Spring and Wolfcamp Formations are estimated to contain more than 33 billion barrels (5.2 × 10 9 m 3 ) of oil, 48 trillion cubic feet (1.4 × 10 12 m 3 ) of natural gas, and 3.9 billion barrels (0.6 × 10 9 m 3 ) of natural gas liquids (Gaswirth et al, 2016, 2018). There have been at least 7,900 HF wells completed in the Texas portion of the Delaware Basin from 2011–2019.…”
Section: Summary Of Documented Casesmentioning
confidence: 99%
“…Beneath the Bone Spring Formation, the Wolfcamp Shale is a prolific tight oil and gas bearing formation. Together, the Bone Spring and Wolfcamp Formations are estimated to contain more than 33 billion barrels (5.2 × 10 9 m 3 ) of oil, 48 trillion cubic feet (1.4 × 10 12 m 3 ) of natural gas, and 3.9 billion barrels (0.6 × 10 9 m 3 ) of natural gas liquids (Gaswirth et al, 2016, 2018). There have been at least 7,900 HF wells completed in the Texas portion of the Delaware Basin from 2011–2019.…”
Section: Summary Of Documented Casesmentioning
confidence: 99%
“…A recent assessment by the United States Geological Survey estimated 46.3 billion barrels of oil and 281 trillion cubic feet of gas are recoverable in the Permian Basin in Southeastern New Mexico and western Texas [19]. Increases in oil and gas production causes increases in produced water, such as over 42 billion gallons of produced water generated in New Mexico in 2018 [20], that imposes significant economic and environmental challenges to oil producers and to society generally.…”
Section: Contextual Backgroundmentioning
confidence: 99%
“…Hausman and Kellogg (2015) predict damages from increased emissions of $2.5-15 billion per year. Both studies predated awareness of the full extent of oil and gas resources in the Permian (Gaswirth et al 2018). Newell and Raimi (2014) project emissions based on oil and gas production, using emissions factors that reflect average mid-and downstream emissions.…”
Section: Relation To the Existing Literaturementioning
confidence: 99%
“…This includes the Wolfcamp Shale and Bone Spring Formation, estimated in November 2018 to be collectively the largest continuous oil and gas resource ever identified(Gaswirth et al 2018). The expansion of production continues, though rig counts have at least temporarily fallen (Blum 2019).…”
mentioning
confidence: 99%