Steel Products Prices North America
July 19, 2014
Cline Shale in Texas May be Next Oil Boom
Written by Sandy Williams
The next shale oil and gas boom could be in Texas according to the estimates of volume of recoverable oil in the Cline Shale formation.
More than 30 billion barrels of recoverable oil lie underground in Cline Shale according to studies by Devon Energy and Chesapeake Energy. It is estimated there are approximately 3.6 million barrels of recoverable oil per square mile. At 9800 square miles the potential total could be as high as 35 billion barrels. That total is 50 percent larger than the combined shale plays of Eagle Ford in Texas and the Bakken in North Dakota. The numbers have been questioned by some who feel that the data is too optimistic, but there is no doubt that there is potential for high oil production in the Cline Shale region.
