23 Jun '18, 3pm

#USGS: #EagleFord Group contains estimated mean 8.5B barrels of oil

#USGS: #EagleFord Group contains estimated mean 8.5B barrels of oil

The Eagle Ford Group of Texas contains estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas liquids, according to a new assessment by the US Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations. Assessment units of the Eagle Ford Group within the Gulf Coast Basins. The Eagle Ford Group stretches from the Texas-Mexico border to the west, across portions of southern and eastern Texas to the Texas-Louisiana border to the east. It is one of the most prolific continuous accumulations in the United States, and comprises mudstone with varying amounts of carbonate. The Eagle Ford Group has long been known to contain oil and gas, but it was not until 2008 that production of the continuous resources really got underway in East Texas. Continuous ...

Full article: http://www.greencarcongress.com/2018/06/20180623-usgs.html

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