From the University of Texas at Austin,authors of the Bureau of Economic Geology's Tight Oil Resource Assessment (TORA) recently made quite a statement:There are still roughly 100,000 more wells that can be drilled in the Permian Basin,based on the size of the resource that is technically recoverable.The USGS says the Wolfcamp Formation alone has 46.3 billion barrels recoverable-more than the Permian Basin has produced in its first 100 years.
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