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Spraberry/Wolfcamp shale oil in Texas has over 50 billion recoverable barrels making it the second largest in the world
Thursday, October 24, 2013 10:12
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Pioneer Natural Resources ($29 billion company and largest player in the Spraberry/Wolfcamp formation) has detailed information on this oil formation. Spraberry/Wolfcamp is often categorized with the Permian oil basin.
It is now producing 500,000 bpd and is projected to reach 2 million bpd by 2023 and then increase to 2.5 million bpd in 2033.
Source: http://nextbigfuture.com/2013/10/spraberrywolfcamp-shale-oil-in-texas.html
